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MUSCAT: The Sultanate of Oman’s Gross Home Product (GDP) in present costs grew by 30.4 per cent by the top of the second quarter of 2022 to hit RO 20.4 billion in comparison with RO 15.6 billion through the corresponding interval in 2021, in line with the newest knowledge issued by the Nationwide Centre for Statistics and Info (NCSI).
Statistics indicated that this rise is attributed to the surge in value-added hydrocarbon actions by 75.3 per cent and non-oil actions by 13.4 per cent.
Breaking down the determine, value-added oil actions went up by RO 3.4 billion to face at RO 7.8 billion by the top of the second quarter of 2022 in comparison with
RO 4.5 billion by the top of the corresponding interval in 2021. That is attributed to the expansion of value-added crude oil by 82 per cent to succeed in RO 6.8 billion in comparison with RO 3.8 billion by the top of the identical quarter in 2021.
Furthermore, value-added pure fuel surged by 39.8 per cent. Worth-added non-oil actions elevated by 13.4 per cent by the top of the second quarter of 2022 to face at RO 13.3 billion. That is the results of development in value-added industrial actions by 25 per cent, agriculture, forestry and fishing by 9.2 per cent and providers by
8.8 per cent.
In the meantime, the rise in value-added industrial actions is attributed to the surge of changing industries by 67 per cent, electrical energy and water protection and sewage actions by 4.1 per cent and mining and utilising quarries by 28.4 per cent.
The excess within the commerce stability by the top of the second quarter of 2022 rose by RO 3.1 billion to succeed in RO 4.7 billion.
That is attributed to the rise within the worth of merchandise exports by 61 per cent to succeed in RO 12.3 billion in comparison with
RO 7.7 billion through the corresponding interval in 2021. — ONA
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