Sunday 29 / December / 2024
Muscat: Oman’s gross domestic product (GDP) at fixed prices registered an increase of 1.9% to reach OMR28.14 billion (at market price) by end of the third quarter of 2024 compared to OMR27.63 billion by end of third quarter of 2023.
This jump in GDP was on the back of a substantial increase of 4.2% in non-oil activities to OMR20.527 billion by end of the third quarter of 2024 compared to OMR19.706 billion registered by the end of the corresponding quarter of 2023.
The initial data issued by the National Centre for Statistics and Information (NCSI) indicated that the added value for oil activities decreased by 2.8% to reach OMR8.881 billion by end of the third quarter of the current year compared to OMR9.133 billion by end of the third quarter 2023.
The contribution of oil activities amounted to 31.6%.
Crude oil activities decreased by 4.1% to reach OMR7.479 million, while the activities of natural gas increased by 4.7% to OMR1. 401 billion.
Total industrial activities amounted to OMR6. 220 billion by end of the third quarter of 2024 compared to OMR5.889 billion by end of the third quarter of 2023. The agricultural, forestry and fisheries activities reached OMR735. 7 million while service activities reached OMR13.571 billion.
