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Oman records steady economic growth as non-oil momentum lifts GDP to RO 42.1 billion

by News editor
March 21, 2026
in Business
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Oman records steady economic growth as non-oil momentum lifts GDP to RO 42.1 billion
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MUSCAT : According to preliminary data released by the National Centre for Statistics and Information, Oman’s GDP at current prices reached approximately RO 42.14 billion by the end of December 2025, marking a 2.3 percent increase compared to RO 41.19 billion recorded at the end of 2024.

Quarterly figures also showed positive momentum, with GDP rising by 4.6 percent in the fourth quarter of 2025 to RO 11.06 billion, up from RO 10.57 billion during the same period in 2024.

Oil activities recorded a 4.6 percent increase in the fourth quarter, reaching RO 3.51 billion. This growth was largely driven by the natural gas sector, which surged by 69.2 percent to RO 858.7 million. However, crude oil activity declined by 6.9 percent, totaling RO 2.65 billion during the same period.

Non-oil activities continued to demonstrate resilience, expanding by 4.8 percent in the fourth quarter to reach RO 7.78 billion, compared to RO 7.43 billion a year earlier. The services sector led the growth among non-oil segments, rising by 6.4 percent to RO 5.43 billion. Meanwhile, the agriculture and fishing sector grew by 5.9 percent to RO 272.4 million, and industrial activities posted a modest increase of 0.7 percent to RO 2.08 billion.

At constant prices, Oman’s GDP reached RO 39.30 billion by the end of 2025, reflecting a 2.4 percent increase compared to RO 38.38 billion in 2024, the highest level recorded to date.

During the fourth quarter at constant prices, GDP grew by 2.3 percent to RO 10.52 billion. Oil activities rose by 3.4 percent to RO 3.08 billion, supported by a 4.1 percent increase in crude oil value, while natural gas activity saw a slight decline of 0.2 percent.

Non-oil activities at constant prices also expanded by 2.1 percent to RO 7.63 billion. However, the agriculture and fishing sector recorded a slight decline of 1.4 percent. Industrial activities grew by 1.8 percent to RO 2.23 billion, while services increased by 2.4 percent to RO 5.13 billion.

For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.





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