Oman’s Gross Domestic Product (GDP) at fixed prices increased by 1.7 per cent to OR38.3bn ($99.5bn) by the end of Q4 2024, compared to OR37.67bn ($97.8bn) during the corresponding period of 2023. This was evidenced by preliminary data issued by the National Centre for Statistics and Information (NCSI). According to the NCSI, the added value of oil activities decreased by 3 per cent, registering a total of OR11.85bn ($30.8bn) by the end of the Q4 2024, compared to OR12.21bn ($31.7bn) by the end of Q4 2023. Oman GDP The contribution of oil activities accounted for 29 per cent. The added value of crude oil activities amounted to OR9.97bn ($25.9bn)—down by 3 per cent, while natural gas activities grew by 5.4 per cent, registering a total of OR1.84bn ($4.8bn). The added value of non-oil activities grew by 3.9 per cent, registering OR27.87bn ($72.4bn) by the end Q4 2024, compared to OR26.83bn ($69.7bn) by the end of the corresponding period in 2023. By the end of Q42024, the value of overall industrial activities stood at OR8.4bn ($21.8bn) compared to OR8bn ($20.8bn) by the end of the 4th quarter in 2023. The value of activities of Oman’s agriculture, forestry and fishing posted a total of […]