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Oman’s Economy Kicked Off 2025 with Solid Growth
Oman’s economy saw a robust performance in the first quarter of 2025, with its gross domestic product growing by 2.5 percent at constant prices. This surge pushed the GDP to OMR 9.43 billion, a notable increase from the OMR 9.20 billion recorded in the same period last year.
Non-Oil Activities Drove The Surge
The National Centre for Statistics and Information highlighted that non-oil activities were the main engine behind this impressive growth. These sectors expanded by 4.4 percent, contributing a significant OMR 6.92 billion by the end of Q1 2025, up from OMR 6.63 billion in the corresponding quarter of 2024.
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Various economic sectors contributed positively to this overall expansion. Agricultural and fishing activities showed a solid 7.6 percent increase, adding OMR 273.6 million to the GDP. Industrial activities also saw a healthy 7 percent rise, bringing in OMR 2.03 billion, while the services sector climbed by 3.2 percent, contributing OMR 4.62 billion.
Oil-Related Activities Experienced A Slight Dip
Despite the widespread growth, oil-related activities showed a minor decline. This sector experienced a 0.4 percent decrease, reaching OMR 2.92 billion by the close of the first quarter of 2025, compared to OMR 2.94 billion in the same period of 2024.