Oman’s GDP falls 2.6% by end of September 2019

Muscat: The Sultanate's Gross Domestic Product (GDP) fell by 2.6 per cent, reaching OMR21.64 billion at current market prices by the end of September 2019, according to the data released by the National Centre for Statistics and Information (NCSI).
There was a fall in oil activities by 2.9 per cent at the end of September 2019, registering OMR7.68 billion compared to OMR7.91 billion at the end of September 2018.
The share of crude oil from among oil activities was OMR6.49 billion, which is a decrease of 3.8 per cent from the end of September 2018, when it was OMR6.74 billion.
The activities of natural gas increased by 1.9 per cent, reaching OMR1.19 billion compared to OMR1.17billion end of September 2018.
Total non-oil activities fell by 2.1 per cent to OMR14.90 billion. Services activities were at the forefront of non-oil activities, which was at OMR10.55 billion, down by 0.8 per cent over OMR10.64 billion at the end of September 2018.
Hotels and restaurants, financial brokerage, and real estate activities rose by 5.4 per cent, 1.6 per cent and 0.5 per cent, respectively. On the contrary, wholesale and retail trade; transport, storage and communications; and pubic administration and defence activities decreased by 6 per cent, 2.4 per cent and 1.8 per cent, respectively.
Industrial activities fell by 6.5 per cent to OMR3.81 billion at the end of September 2019.
The manufacturing sector fell by 9.3 per cent, mining, and quarrying by 1.8 per cent.
Basic chemical industry activities increased by 3.8 per cent, electricity, and water supply by 4.2 per cent, whereas other manufacturing industries fell by 18.1 per cent and construction activities fell by 5.8 per cent.
The activities related to agriculture and fishery sectors showed an increase of 7 per cent to reach OMR536.3 million by the end of September 2019, compared to OMR501.2 million at the end of September 2018.