Oman’s GDP at current prices up by 30% to OMR44 billion

Muscat: The Sultanate of Oman’s Gross Domestic Product (GDP) at current prices increased by 30 percent at the end of December 2022 to reach OMR44.08 billion compared to OMR33.90 billion at the end of December 2021, according to the latest data issued by the National Centre for Statistics and information (NCSI).

This rise is attributed mainly to the surge in oil activities at the end of December 2022 by 61.6 percent to stand at OMR16,619.7 million compared to OMR10,287.5 million in December 2021.

Non-oil activities rose by 16.9 percent from OMR24,734.9 million at the end of December 2021 to OMR28,925.9 million at the end of December 2022.

Further, industrial activities went up by 23.5 percent from OMR6,882.3 million at the end of December 2021 to OMR8,501.9 million at the end of December 2022.

Activities of agriculture, forestry and fishing increased by 12.8 percent from OMR719.2 million to OMR811.5 million at the end of December 2022.

Service activities recorded a growth by 14.5 percent from OMR17,133.4 million to OMR19,612.4 million at the end of September 2022.