Oman's GDP grows 4.7% during Q1, reaches $25bln
The increase was primarily driven by non-oil activities, which grew 4.1% to RO7.13bn, up from RO6.85bn in the first quarter of 2024.
Among non-oil sectors, agriculture and fishing recorded the highest growth at 11.1%, contributing RO326.6mn to the economy. Industrial activities increased by 2.8%, reaching RO1.97bn, while services rose 4.2% with a total contribution of RO4.84bn.
Oil activities also contributed to the overall growth, rising by 6.8% to RO3.71bn, compared to RO3.47bn in the corresponding quarter last year. This increase came despite a 7.5% decline in crude oil activity, which dropped to RO2.74bn.
Natural gas activity showed the strongest performance in the energy sector, growing by 89% year-on-year to reach RO970.8mn in added value.
The figures reflect a continued shift towards economic diversification, with both traditional and emerging sectors contributing to Oman's economic performance in the first quarter of 2025.
© Apex Press and Publishing Provided by SyndiGate Media Inc. (Syndigate.info).
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