MUSCAT: Oman's economy grew by 2.6 per cent in real terms during the first quarter of 2026, with gross domestic product at constant prices reaching RO 9.685 billion, supported by stronger oil and gas activity and continued expansion in the services sector, preliminary data from the National Centre for Statistics and Information (NCSI) showed.
Oil activities increased by 4.6 per cent year-on-year to RO 3.035 billion from RO 2.902 billion in the corresponding period of 2025, driven by higher output from both crude oil and natural gas.
The value added of crude oil activity rose 4.3 per cent to RO 2.554 billion from RO 2.448 billion a year earlier, while natural gas activity expanded 6.0 per cent to RO 481.2 million from RO 453.9 million.
Non-oil activities grew 2.4 per cent to RO 7.039 billion during the first quarter, compared with RO 6.877 billion in the same period last year, reflecting continued gains across agriculture and services despite weaker industrial output.
Agriculture and fishing recorded the strongest growth among the non-oil sectors, rising 6.1 per cent to RO 337.8 million from RO 318.3 million in the first quarter of 2025.
Industrial activities, however, declined 1.2 per cent to RO 1.980 billion from RO 2.005 billion a year earlier.
The services sector remained the largest contributor to non-oil economic activity, growing 3.7 per cent to RO 4.721 billion from RO 4.554 billion in the first quarter of 2025, underlining the sector's continuing role in supporting economic diversification. — ONA
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