Oman’s GDP records 4.7% increase

Oman’s gross domestic product (GDP) at current prices recorded a 4.7% increase by the end of the first quarter of 2025. GDP reached OMR 10.53 billion, compared to OMR 10.06 billion during the same period in 2024.

Preliminary data issued by the National Centre for Statistics and Information indicated that this growth is mainly due to a rise in non-oil activities, which grew by 4.1% to reach OMR 7.13 billion by the end of Q1 2025, compared to OMR 6.85 billion at the end of Q1 2024.

The data shows that agriculture and fishing activities grew by 11.1%, reaching OMR 326.6 million. Industrial activities recorded a 2.8% increase, contributing OMR 1.97 billion to GDP. Service activities grew by 4.2%, with a total contribution of OMR 4.84 billion.

Oil related activities also contributed to GDP growth, with their added value rising by 6.8%, reaching OMR 3.71 billion by the end of Q1 2025, compared to OMR 3.47 billion at the end of Q1 2024.

This increase came despite a 7.5% decline in crude oil activity, which fell to OMR 2.74 billion. However, natural gas activity recorded a significant growth of 89%, with an added value of OMR 970.8 million.