Muscat : The Sultanate of Oman’s Gross Domestic Product (GDP) at current prices grew by one percent to RO 41,119.5 million at the end of the fourth quarter of 2024, compared to RO 40,716.9 million at the end of the fourth quarter of 2023.
Preliminary data issued by the National Centre for Statistics and Information (NCSI), showed that the added value of oil activities declined by 4 percent, reaching RO 14,162.7 million at the end of the fourth quarter of 2024, compared to RO 14,750.3 million at the end of the fourth quarter of 2023. The contribution of oil activities stood at 32.1 percent, Oman News Agency (ONA) reported.
The added value of crude oil activities amounted to RO 11,950 million, down by 5.3 percent, while natural gas activities increased by 4 percent to RO 2,212.7 million.
The added value of non-oil activities rose by 4.1 percent, reaching RO 28,319 million at the end of the fourth quarter of 2024, compared to RO 27,213.6 million at the end of the corresponding quarter in 2023.
