Muscat: The total in-country value (ICV) of active enterprises in the Sultanate of Oman during the second quarter of 2023 reached OMR9.09 billion, according to the monthly bulletin issued by the National Centre for Statistics and Information (NCSI).
ICV is a total spend retained in-country that benefits business development and contributes to human capability development and stimulates productivity in Oman’s economy.
The contribution of active enterprises in the Gross Domestic Product (GDP) at current prices during the second quarter of 2023 reached 90.1 percent compared to 86.1 percent for the second quarter of 2022.
Further, the ICV of large enterprises reached OMR6.42 billion, constituting 63.7 percent compared to the corresponding period in 2022.
Meanwhile, the ICV of medium enterprises reached OMR724.60 million, constituting 7.2 percent, going up by 10.1 percent. The ICV of small enterprises stood at OMR851.60 million, comprising 8.4 percent (up by 30.5 percent).
The total ICV of micro enterprises reached OMR1.09 billion, comprising 10.8 percent, marking an increase of 36.8 percent compared to the corresponding period in 2022.
Moreover, the number of employees in active enterprises in Oman increased by 11.1 percent to reach 1.77 million during the second quarter of 2023 compared to 1.59 million employees during the second quarter of 2022.
The number of private enterprises reached 227,609 in the second quarter of 2023, up by 13.5 percent compared to the same period in 2022.