Oman’s economy recorded impressive growth in the first quarter of 2025. The country’s gross domestic product (GDP) reached RO 10.53 billion, showing a 4.7% increase compared to RO 10.056 billion in Q1 of 2024. This rise reflects steady performance across the oil and non-oil sectors.
The growth in oil production and stable exports helped drive Oman GDP growth during the quarter. Despite global price fluctuations, Oman maintained consistent output. Oil and gas revenues remained a key pillar of the national economy.
At the same time, non-oil activities expanded across several sectors. Construction, tourism, and finance all contributed to the overall increase in GDP. Major infrastructure projects continued to move forward, especially under public-private partnership frameworks.
Tourism also recovered as international travel improved. New hotel openings and cultural festivals attracted more visitors. The transport and logistics sector benefited from rising passenger and cargo traffic through airports and ports.
Government reforms played a strong role in supporting this positive trend. Authorities implemented measures to boost private sector activity. Incentives for foreign investment and support for local entrepreneurs helped create new business opportunities.
Financial services, including banking and insurance, saw increased activity. Digital banking services and fintech solutions attracted a younger customer base. Meanwhile, insurance providers expanded coverage options and digital access.
Oman also made progress on its green energy strategy. Investments in hydrogen, solar, and wind projects are gaining momentum. These developments are expected to support long-term sustainability and contribute to Oman GDP growthin the coming years.
The real estate market remained active, especially in urban areas. Commercial and residential projects moved forward despite regional uncertainties. Increased demand for housing and retail space supported economic diversification.
Looking ahead, economists forecast continued momentum. Rising oil production, infrastructure expansion, and policy reforms will likely support GDP throughout 2025. The Sultanate’s Vision 2040 strategy remains a guiding framework for long-term transformation.
With gains in both traditional and emerging sectors, Oman’s GDP growth reflects a balanced recovery. The Q1 results offer a promising outlook for the remainder of the year. Businesses, investors, and policymakers are optimistic about sustained progress. Oman is moving toward a more resilient and diversified economic future.
