Muscat, Oman–Oman’s gross domestic product (GDP) at constant prices recorded an increase of 4.7 per cent to reach $22.59 billion at the end of the first quarter of 2023.
The GDP at constant price was $21.71 billion in the first quarter of 2022, according to the initial data issued by the Omani National Centre of Statistics and Information.
This increase has been mainly attributed to the growth of the non-oil activities which increased by 4.6 percent to reach $17.55 billion at the end of the first quarter of 2023 compared to $15.06 billion in the corresponding period of 2022.
The total service activities has recorded a growth of 4.5 percent to reach $10.70 billion at the end first quarter of 2023 compared to $10.23 billion at the end of the first quarter of 2022.
Also, the agriculture, forestry, fishing and industrial activities increased by 10.1 percent and 4.4 percent respectively.
Oil activities at the end of the first quarter of 2023 recorded a growth of 3.5 percent to reach $7.32 billion compared to $7.09 billion at the end of the first quarter of 2022.