Growth of Omani GDP has shown steady progress in economic growth during the first quarter of this year. The country’s gross domestic product (GDP) increased by 2.5%, reaching OMR 9.43 billion at market price.
This rise in Oman GDP highlights strong momentum across several key sectors. The economy grew from OMR 9.20 billion in the same period last year, showing consistent improvement.
Non-oil activities have led this positive shift, contributing significantly to the economic expansion in Oman. These activities expanded by 4.4%, with total contributions of OMR 6.92 billion. This marked a clear rise from OMR 6.63 billion recorded a year earlier.
Agriculture and fishing sectors provided strong support for this growth. These sectors grew by 7.6%, adding OMR 273.6 million to the national economy. The positive performance of these areas reflects Oman’s focus on food security and sustainable farming.
Industrial sectors also delivered solid results, further boosting Oman GDP development. Industrial activities increased by 7%, contributing OMR 2.03 billion to the economy. This growth demonstrates the country’s efforts to expand its manufacturing and industrial capabilities.
Meanwhile, the services sector continued to thrive. Services grew by 3.2%, contributing OMR 4.62 billion to the overall economy. The steady expansion in services highlights Oman’s efforts to diversify its economic base beyond traditional sectors.
However, the growth of GDP in Oman’s oil activities faced slight declines despite the broader positive trends. Oil-related activities dropped by 0.4%, settling at OMR 2.92 billion. Crude oil production fell by 2.2%, contributing OMR 2.45 billion.
Interestingly, natural gas activities bucked this trend. Natural gas showed impressive growth of 9.5%, contributing OMR 475.3 million to the economy. This surge reflects the country’s investment in gas projects and energy diversification.
The rise in Oman GDP reflects a balanced strategy. The country now relies more on non-oil sectors while still benefiting from energy resources. The government remains focused on boosting agriculture, industry, and services for long-term stability. With such results, Oman continues to progress steadily toward broader economic diversification.
