Muscat: According to preliminary data released by the National Centre for Statistics and Information, Oman’s GDP at market prices stood at RO 10.414 billion in the third quarter of 2025, marking a 0.4 per cent decline compared to RO 10.454 billion recorded in the same period of 2024.
The marginal contraction was largely attributed to a slowdown in oil activities, which fell by 6 per cent to RO 3.471 billion in Q3 2025, down from RO 3.693 billion a year earlier.
In contrast, non-oil activities continued to demonstrate resilience, growing by 2.5 per cent year-on-year to reach RO 7.291 billion, compared to RO 7.116 billion in the third quarter of 2024.
Read More
- US LNG exports jump 17% in February as global supply gaps widen
- Crude oil prices fall due to demand concerns and regional tensions
- Bank Muscat inaugurates lighting project of Nakhal Youth Team under “Green Sports” programme
- OCCI reviews Oman’s 11th Five-Year Plan, targets 300,000 jobs and 4% GDP growth
- Meethaq Islamic Banking unveils exclusive Ramadan offer on Auto and Travel Financing
Within the non-oil economy, construction activities rose by 2.2 per cent to RO 817.4 million, while wholesale and retail trade expanded by 2.1 per cent, contributing RO 880.1 million. Public administration and defence also recorded solid growth of 2.8 per cent, reaching RO 966.8 million during the quarter.
