Oman's GDP rises to RO 10.53 billion in Q1 2025
MUSCAT: Oman's gross domestic product (GDP) at current market prices reached RO 10.53 billion in the first quarter of 2025, marking a year-on-year increase of 4.7 per cent compared to RO 10.056 billion in Q1 2024.
According to preliminary data from the National Centre for Statistics and Information, this growth was largely driven by non-oil activities, which grew by 4.1 per cent to reach RO 7.132 billion. Key contributors included service activities (RO 4.837 billion), industrial activities (RO 1.968 billion), and agriculture and fisheries (RO 326.6 million), the latter showing a robust 11.1 per cent growth.
Oil activities also made a significant contribution, rising by 6.8 per cent overall to RO 3.706 billion. Although crude oil activity dropped by 7.5 per cent to RO 2.735 billion, this was offset by a substantial 89 per cent increase in natural gas activity, which added RO 970 million in value.
The results reflect the Sultanate's continued push toward economic diversification while maintaining strong energy sector performance, in line with the objectives of Oman Vision 2040. — ONA
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