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Muscat: The Gross Home Product (GDP) of the Sultanate of Oman on the finish of December 2021 elevated by 16.1 per cent to achieve OMR33.016 billion in comparison with OMR28.442 billion on the finish of December 2020, based on the most recent knowledge issued by the Nationwide Centre for Statistics and Data (NCSI).
Statistics indicated that this improve is attributed to the rise within the value-added of oil actions on the finish of December 2021 by 38.5 per cent, recording OMR10.547 billion, in comparison with OMR7.617 billion on the finish of December 2020. The most important share was for crude oil on the finish of December 2021, which amounted to OMR8.998 billion, constituting a progress of 46.6 per cent in comparison with the tip of December 2020, when crude oil recorded OMR6.139 billion.
Pure fuel actions elevated by 4.8 per cent to achieve OMR2.549 billion in comparison with the tip of December 2020, which recorded OMR1.478 billion.
The entire non-oil actions on the finish of December 2021 amounted to OMR24.044 billion, comprising a rise of 8.4 per cent in comparison with the tip of December 2020 when non-oil actions recorded OMR22.178 billion.
Service actions got here on the forefront of non-oil actions, recording OMR16.571 billion, constituting progress of 6.5 per cent in comparison with the tip of December 2020, when it recorded OMR15.563 billion.
Communications exercise decreased on the finish of December 2021 by 7 per cent. Public administration and defence actions additionally went down by 2.1 per cent.
A number of different actions recorded a rise, specifically transport and warehousing by 19.4 per cent, wholesale and retail commerce by 15.5 per cent, actual property, skilled, technical and administrative by 9.5 per cent, different service actions by 6.6 per cent and monetary and insurance coverage actions by 5.5 per cent, in addition to lodging and meals companies by 5.5 per cent.
The worth of business actions on the finish of December 2021 reached OMR6.687 billion, comprising an increase of 13.6 per cent in comparison with the tip of December 2020 when it stood at OMR5.885 billion.
The essential chemical compounds business recorded the best surge in whole industrial actions by 79.5 per cent, whereas different manufacturing industries (which embody refined petroleum merchandise business) went up by 19.9 per cent, mining and quarrying actions elevated by 4.3 per cent, whereas the contribution of development actions declined by 6.8 per cent.
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