Muscat: The Sultanate of Oman’s Gross Domestic Product (GDP) at fixed prices saw a rise of 1.7 percent, reaching RO 38,305.2 million by the end of the fourth quarter of 2024. This reflects an increase from the RO 37,674.5 million recorded during the same period in 2023.

According to Oman News Agency, the National Centre for Statistics and Information (NCSI) reported a decline in the added value of oil activities by 3.0 percent, totaling RO 11,847.3 million by the end of the fourth quarter of 2024, compared to RO 12,209.7 million at the end of 2023. Oil activities contributed to 29.0 percent of the GDP.

The added value of crude oil activities decreased to RO 9,973.7 million, marking a 3.0 percent drop, whereas natural gas activities experienced a growth of 5.4 percent, reaching a total of RO 1,837.7 million.

Non-oil activities showed a growth of 3.9 percent, with their added value reaching RO 27,869.9 million by the end of the fourth quarter of 2024, up from RO 26,834 million at the corresponding period in 2023.

By the end of 2024’s fourth quarter, the total value of industrial activities rose to RO 8,395.9 million, compared to RO 7,993.4 million by the end of the fourth quarter in 2023. The value for agriculture, forestry, and fishing activities reached RO 987.4 million, and the value for service activities stood at RO 18,486.5 million.