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Oman’s GDP grows 4.7% in Q1 2025, powered by non-oil surge and natural gas boom

Oman’s economy recorded a solid 4.7% growth in gross domestic product (GDP) at current prices by the end of the first quarter of 2025, reaching RO 10.53 billion.

TAS News Service

info@thearabianstories.com

Saturday, June 28, 2025

Muscat: According to preliminary figures from the National Centre for Statistics and Information (NCSI), the uptick in GDP was fueled by a 4.1% rise in non-oil activities, which contributed RO 7.13 billion in Q1 2025, compared to RO 6.85 billion in Q1 2024.

Within the non-oil sectors, agriculture and fishing saw the highest growth at 11.1%, contributing RO 326.6 million. Industrial activities followed with a 2.8% rise, adding nearly RO 1.97 billion, while services—Oman’s largest economic contributor—grew by 4.2% to reach RO 4.84 billion.

Oil-related activities also played a significant role, with an overall increase of 6.8% in value-added contributions, reaching RO 3.71 billion. This comes despite a 7.5% dip in crude oil activity, which stood at RO 2.74 billion. The standout performer was the natural gas sector, which surged by a remarkable 89%, adding RO 970.8 million to the national output.

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