Tuesday 25 / March / 2025
Muscat: The Sultanate of Oman's gross domestic product (GDP) at fixed prices rose by 1.7 percent to OMR38.30 billion (at market prices) by the end of the fourth quarter of 2024, compared to OMR37.67 billion during the corresponding period of 2023.
This was evidenced by preliminary data issued by the National Centre for Statistics and Information (NCSI).
According to the NCSI, the added value of oil activities decreased by three percent to touch OMR11.84 billion by the end of the fourth quarter of 2024, compared to OMR12.20 billion by the end of the fourth quarter of 2023. The contribution of oil activities alone accounted for 29 percent.
The added value of crude oil activities amounted to OMR9.97 billion, a decline of three percent, while natural gas activities grew by 5.4 percent, to reach OMR1.83 billion.
The added value of non-oil activities grew by 3.9 percent to OMR27.86 billion by the end of the fourth quarter of 2024, compared to OMR26.83 billion by the end of the corresponding period in 2023.
By the end of the fourth quarter of 2024, the value of overall industrial activities stood at OMR8.39 billion compared to OMR7.99 billion by the end of the fourth quarter in 2023.
The value of activities of agriculture, forestry and fishing posted a total of OMR987.40 million, while the value of service activities stood at OMR18.48 billion.
