The gross domestic product at constant prices of the Sultanate of Oman at the end of the fourth quarter of 2023 (from January to December 2023) increased by 1.3% to reach (at market price) RO 38.3 billion, compared to the end of the fourth quarter of 2022, during which the GDP at constant prices reached RO 37.8 billion, according to preliminary data issued by the National Center for Statistics and Information.This increase is mainly due to the rise in oil activities by 0.4% percent to RO 12.4 billion by the end of the fourth quarter of 2023, compared to RO 12.3 billion by the end of the fourth quarter of 2022, where the contribution of oil activities reached 33%. Crude oil activities recorded RO 10.6 billion, and natural gas activities increased by 3.1% to RO 1.8.Non-oil activities increased by 2.4% to RO 27.3 billion by the end of the fourth quarter of 2023, compared to RO 26.7 billion at the end of the fourth quarter of 2022.The total industrial activities recorded RO 8.1 billion com... Details

Muscat ,April 2024: The volume of foreign direct investments (FDI) in the Sultanate of Oman till the end of the fourth quarter of 2023reached RO25,050 billion, up by 21.6%, compared to the same period in 2022, when it was RO20,590 billion, according to preliminary statistics issued by the National Centre for statistics and information(NCSI).Statistics indicated that the volume of FDI flow into the Sultanate of Oman till the end of the fourth quarter of 2023recorded a growth of 57.5%, reaching RO 4.45 billion, compared to RO 2.83 billion at the end of the fourth quarter of 2022.In terms of investment by activity, the statistic showed that, the oil and gas exploration sector accounted for 78% of the total FDI till the end of the Q4 of 2023, reaching a total value of RO 19,523.8 billion, up from RO 14,638.9 billion at the same period in 2022.The value of FDI in the manufacturing sector till the end of the fourth quarter of 2023 reached RO 1,781.3 billion, up from RO 1, 873.2 billion i... Details

The gross domestic product at current prices of the Sultanate of Oman at the end of the fourth quarter of 2023 (from January to December 2023) recorded a decrease of 2.8% to reach (at market price) RO 41.8 billion, compared to the end of the fourth quarter of 2022, during which the GDP at current prices reached RO 43 billion, according to preliminary data issued by the National Centre for Statistics and Information.This decrease is mainly due to the drop in oil activities, which decreased by 11.9% to RO 14.9 billion at the end of the fourth quarter of 2023 compared to RO 16.9 billion at the end of the fourth quarter of 2022, where the contribution of oil activities reached 36%.Crude oil activities declined by 14% to RO 12.8 billion, while natural gas activities increased by 2.4% to reach RO 2.2 billion. Non-oil activities increased by 1.7% to RO 28.2 billion by the end of the fourth quarter of 2023 compared to RO 27.7 billion at the end of the fourth quarter of 2022.The total industria... Details

The inflation rate in the Sultanate of Oman increased by 0.2% in March 2024 compared to the same month in 2023 for the base year 2018, according to data on consumer price index numbers in the Sultanate of Oman issued by the National Center for Statistics and Information (NCSI.The data indicated an increase in the prices of food, non-alcoholic beverages groups by 3.4%, miscellaneous goods and services by 2.9%, culture, and entertainment by 0.4%, tobacco by 2.4%, and the clothing and footwear group by 0.1%.On the other hand, the prices of the transportation groups decreased by 4.6%, the restaurants and hotels group by 0.1%, furniture, fixtures and household equipment, and regular home maintenance by 0.3%, communications by 0.3%, and education by 0.4%, while the prices of the remaining groups remained stable.In the food and non-alcoholic beverages group, the prices of fruits increased by 0.7%, milk, cheese, and eggs by 3.9%, sugar, jam, honey, and sweets by 1.7%, oils and fats by 2%, brea... Details

The production of oil in the Sultanate of Oman fell by 4.3% till the end of February 2024 to stand at 60,073.1 million barrels compared to 62,750.1 million barrels during the corresponding period in 2023, according to the data issued by the National Centre for Statistics and Information (NCSI).Crude oil production decreased by 6.8% during the end of February 2024, while the production of condensates rose by 5.2% till the end of February 2024 compared to the corresponding period in 2023.Average oil price fell by 2% till the end of February 2024 to reach USD 80.2 per barrel compared to USD 81.8 per barrel at the end of February 2023. Average daily production also fell by 5.9% by the end of February 2024 compared to the corresponding period in 2023.Oman's oil exports recorded a rise of 5.5% till the end of February 2024 compared to the corresponding period in 2023. As far as exports are concerned, Oman's oil exports to China recorded a rise by 15.6% to reach 51,429.7 million barrels at th... Details

Statistics issued by the National Centre for Statistics and Information (NCSI) showed that the Sultanate of Oman's total production of electricity till the end of January 2024 increased by 14.1%, reaching 2,609.3 GW\H, compared to 2,287.2 GW\H in the same period of 2023.The statistics showed that the governorates of Al Batinah North and South and Adh Dhahirah recorded an increase in total electricity production by 15% till the end of January 2024, reaching 1,660.1 GW\H, and the governorates of Ash Sharqiyah North and South recorded an increase of 30.5%, reaching 627.9 GW\H till the end of January 2024.The electricity production remained stable in the Governorate of Ad Dakhiliyah, while there was a drop in electricity production in the Governorate of Muscat by 114.3%, reaching 1.7 GW\H; and by 2% in the Governorate of Dhofar, reaching 297.2 GW\H. Meanwhile, the total electricity production in the Governorate of Al Wusta decreased by 93.5%, reaching 1.4 GW\H.The statistics also showed th... Details