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30/06/2025 04:55 AST
Oman's gross domestic product (GDP) at current prices rose by 4.7% in the first quarter of 2025, reaching RO10.53bn compared to RO10.05bn in the same period last year, according to preliminary data released by the National Centre for Statistics and Information (NCSI).
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.
Muscat Daily
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30/06/2025
UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently - that is aimed at increasing the $400 billion trade between China
Trade Arabia
30/06/2025
Al Rusayl Industrial City, affiliated to the Public Establishment for Industrial Estates 'Madayn', signed 17 new contracts in 2024, covering over 235,000sqm and attracting investments exceeding RO49m
Muscat Daily
30/06/2025
ROSHN Group, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has been ranked among the 25 most powerful real estate brands in the world by Brand Finance, a leading global brand valuation
Asharq Al Awsat
30/06/2025
The business travel sector in the Middle East and North Africa (Mena) is growing faster than the global average. The market reached $18.1 billion in 2024, while forecasts indicate a 6.1 per cent year
Khaleej Times
30/06/2025
Saudi Arabia's overall unemployment rate fell to a record low of 2.8 percent in the first quarter of 2025, down 0.7 percentage points from the previous quarter, official data showed.
Accordi
Arab News
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