MUSCAT: The Sultanate of Oman’s Gross Domestic Product (GDP) at current prices increased by 30.4% by the end of September 2022 to reach RO 32,045.6 million compared to RO 24,618.1 million by the end of September 2021, according to the latest data issued by the National Centre for Statistics and information (NCSI).
This rise is attributed mainly to the surge in oil activities at the end of September 2022 by 72.5% to stand at RO 12,487.4 million compared to RO 7,239.6 million in September 2021.
Growth of Crude oil activities constituted the largest rise in oil activities by going up 79.1%. The contribution of crude oil to the GDP reached RO 10,949 million by the end of September 2022 compared to RO 6,114.1 million by the end of September 2021.
Natural gas activities increased by 36.7% from RO 1,125.5 million to RO 1,538.4 million.
Non-oil activities rose by 14.9% from RO 18,115 million by the end of September 2021 to RO 20,765.9 million by the end of September 2022.
Further, industrial activities went up by 28.6% from RO 4,878.5 million by the end of September 2021 to RO 6,274.3 million by the end of September 2022.
Activities of agriculture, forestry and fishing increased by 12.4% from RO 550,700,000 to RO 619 million by the end of September 2022. During the same period, service activities also grew by 9.7% from RO 12,685.9 million to RO 13,872.6 million by the end of September 2022.
The rise in non-oil activities is attributed mainly to the surge in chemicals production activities by 199.7% from RO 131 million by the end of September 2021 to RO 392.5 million by the end of September 2022. Converting industries also increased by 100.6% from RO 788.7 million by the end of September 2021 to RO 1,582.6 million by the end of September 2022.
Meanwhile, construction activities declined by 2.2% from RO 1,893.2 million by the end of September 2021 to RO 1,851.5 million by the end of September 2022. -- ONA
Oman Observer is now on the WhatsApp channel. Click here
