Muscat – Saba:
The Sultanate of Oman's gross domestic product (GDP), at current prices, increased by 4.7% by the end of the first quarter of 2025, reaching (at market prices) OMR 10 billion, 530 million, and 200 thousand, compared to OMR 10 billion, 56 million, and 600 thousand during the same period in 2024.
Preliminary data issued by the National Center for Statistics and Information in Oman indicated that this growth in GDP is primarily attributed to the rise in non-oil activities, which recorded a 4.1% growth, reaching OMR 7 billion, 132 million, and 600 thousand by the end of the first quarter of this year, compared to OMR 6 billion, 850 million, and 400 thousand at the end of the same quarter in 2024.
The Oman News Agency reported that the data indicated that, at the level of economic activities, agriculture and fishing activities witnessed a growth of 11.1 percent, recording 326 million and 600 thousand Omani riyals.
Industrial activities recorded a growth of 2.8 percent, contributing 1 billion and 968 million and 800 thousand Omani riyals to the GDP. Service activities grew by 4.2 percent, with a total contribution of 4 billion and 837 million and 200 thousand Omani riyals.
Oil activities contributed to this growth, with their added value increasing by 6.8 percent, recording OMR 3,706,600,000 by the end of the first quarter of 2025, compared to OMR 3,471,500,000 by the end of the first quarter of 2024. This comes despite a 7.5 percent decline in crude oil activity, reaching OMR 2,735,900,000.
However, natural gas activity recorded a remarkable growth of 89 percent, with the added value reaching OMR 970,800,000.
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