MUSCAT: The Gross Domestic Product (GDP) of the Sultanate of Oman at current prices amounted to approximately RO 10,293.200 million by the end of the first quarter of 2026, compared to RO 10,500.700 million during the same period in 2025, registering a decline of 2 per cent, according to Preliminary data released by the National Centre for Statistics and Information (NCSI).
The results further revealed that oil-related activities recorded a downturn of 11.7 per cent, with their value reaching RO 3,228.800 million, compared to RO 3,656.100 million in the first quarter of 2025.
This decline is attributable to a 12.6 per cent decrease in the value of crude oil activity, which amounted to RO 2,406.900 million, against RO 2,753.700 million during the corresponding period of the previous year.
Similarly, the value of natural gas activity fell by 8.9 per cent, reaching RO 821,900,000, compared to RO 902,300,000.
Conversely, non-oil activities recorded a growth rate of 5.9 per cent, with their value increasing from RO 7,044.700 million in the first quarter of 2025 to RO 7,462.600 million in the first quarter of 2026.
The agriculture and fishing sector witnessed a growth of 4.7 per cent, reaching RO 359,100,000, compared to RO 343 million. Meanwhile, industrial activities experienced a marginal decline of 0.1 percent, totalling RO 1,957 million, against RO 1,959.400 million during the same period of the preceding year.
Service activities continued to demonstrate robust growth, expanding by 8.5 per cent to reach RO 5,146.600 million, compared to RO 4,742.300 million in the first quarter of 2025. This growth was underpinned by the expansion recorded across several economic activities, most notably financial intermediation and insurance, which surged by 25.4 per cent; other services, which grew by 10.7 per cent; information and communications activities, which rose by 8.3 per cent; and professional, scientific, technical, and administrative services, which increased by 8.2 per cent. — ONA
Oman Observer is now on the WhatsApp channel. Click here
