Post: Oman’s GDP Rises in Q1 of 2024

The Gross Domestic Product (GDP) at current prices for the Sultanate of Oman at the end of the first quarter of 2024 recorded an increase of 0.8 percent, reaching OR 10.442 billion, compared to the same period in 2023, which amounted to OR 10.362 billion. The Oman News Agency reported preliminary data issued by the National Centre for Statistics and Information, indicating that crude oil activities amounted to OR 2.996 billion, a decrease of 4.4 percent. Natural gas activities decreased by 0.1 percent, recording OR 524.4 million. Meanwhile, non-oil activities increased by 3.9 percent, recording a value of OR 7.1885 billion Omani Riyals at the end of the first quarter of 2024, compared to OR 6.92 billion at the end of the same quarter in 2023. Source: Qatar News Agency