Added value of enterprises in Oman exceeds OMR8.9 billion

Muscat: The total added value of active private enterprises (221,346) during the first quarter of 2023 amounted to OMR8,941.1 million, constituting a growth of 11.4 per cent compared to the corresponding period in 2022, according to the data issued by the National Centre for Statistics and Information (NCSI).

The contribution of active enterprises to the gross domestic product (GDP) at current prices reached 77.2 per cent during the first quarter of 2023 compared to 82.6 per cent during the first quarter of 2022.

Moreover, the added value of large enterprises amounted to OMR6,261.8 million constituting 54.1 per cent, comprising a rise of 3.7 per cent compared to the corresponding period in the previous year.

Further, the added value of medium enterprises amounted to OMR731.5 million (6.3 per cent), comprising an increase of 18.5 per cent. Meanwhile, the added value of small enterprises reached OMR863.6 million (7.5 per cent), constituting a rise of 36.6 per cent.

The added value of micro-enterprises reached OMR1,084.1 million (9.4 per cent), going up by 47.1 per cent.
Furthermore, workers in active private enterprises in Oman increased by 14.2 per cent to stand at 1,749,974 during the first quarter of 2023 compared to 1,532,227 during the first quarter of 2022.