08/07/2026 04:51 AST
Preliminary data released by the National Centre for Statistics and Information (NCSI) indicate that the Gross Domestic Product (GDP) of the Sultanate of Oman at current prices amounted to approximately OMR10.293billion by the end of the first quarter of 2026, compared to OMR 10.500 billion during the same period in 2025, registering a decline of 2 percent.
The results further revealed that oil-related activities recorded a downturn of 11.7 percent, with their value reaching OMR3,228.800 million, compared to OMR 3,656.100 million in the first quarter of 2025.
This decline is attributable to a 12.6 percent decrease in the value of crude oil activity, which amounted to OMR 2,406.900 million, against OMR 2,753.700 million during the corresponding period of the previous year.
Similarly, the value of natural gas activity fell by 8.9 percent, reaching OMR 821,900,000, compared to OMR 902,300,000.
Conversely, non-oil activities recorded a growth rate of 5.9 percent, with their value increasing from OMR 7,044.700 million in the first quarter of 2025 to OMR 7,462.600 million in the first quarter of 2026.
The agriculture and fishing sector witnessed a growth of 4.7 percent, reaching OMR 359,100,000, compared to OMR 343 million. Meanwhile, industrial activities experienced a marginal decline of 0.1 percent, totaling OMR 1,957 million, against OMR 1,959.400 million during the same period of the preceding year.
Service activities continued to demonstrate robust growth, expanding by 8.5 percent to reach OMR 5,146.600 million, compared to OMR 4,742.300 million in the first quarter of 2025. This growth was underpinned by the expansion recorded across several economic activities, most notably financial intermediation and insurance, which surged by 25.4 percent; other services, which grew by 10.7 percent; information and communications activities, which rose by 8.3 percent; and professional, scientific, technical, and administrative services, which increased by 8.2 percent.
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