MUSCAT: The Gross Home Product (GDP) of the Sultanate of Oman at present costs amounted to roughly RO 10,293.200 million by the top of the primary quarter of 2026, in comparison with RO 10,500.700 million throughout the identical interval in 2025, registering a decline of two per cent, based on Preliminary information launched by the Nationwide Centre for Statistics and Data (NCSI).
The outcomes additional revealed that oil-related actions recorded a downturn of 11.7 per cent, with their worth reaching RO 3,228.800 million, in comparison with RO 3,656.100 million within the first quarter of 2025.
This decline is attributable to a 12.6 per cent lower within the worth of crude oil exercise, which amounted to RO 2,406.900 million, in opposition to RO 2,753.700 million through the corresponding interval of the earlier yr.
Equally, the worth of pure gasoline exercise fell by 8.9 per cent, reaching RO 821,900,000, in comparison with RO 902,300,000.
Conversely, non-oil actions recorded a development charge of 5.9 per cent, with their worth rising from RO 7,044.700 million within the first quarter of 2025 to RO 7,462.600 million within the first quarter of 2026.
The agriculture and fishing sector witnessed a development of 4.7 per cent, reaching RO 359,100,000, in comparison with RO 343 million. In the meantime, industrial actions skilled a marginal decline of 0.1 %, totalling RO 1,957 million, in opposition to RO 1,959.400 million throughout the identical interval of the previous yr.
Service actions continued to show strong development, increasing by 8.5 per cent to succeed in RO 5,146.600 million, in comparison with RO 4,742.300 million within the first quarter of 2025. This development was underpinned by the enlargement recorded throughout a number of financial actions, most notably monetary intermediation and insurance coverage, which surged by 25.4 per cent; different companies, which grew by 10.7 per cent; data and communications actions, which rose by 8.3 per cent; {and professional}, scientific, technical, and administrative companies, which elevated by 8.2 per cent. — ONA
