The nominal GDP, as per the preliminary data released by National Centre for Statistics and Information (NCSI), showed an increase of 10.7% as of the end of February 2022 to OMR 7 billion and 582 million compared to OMR 6 billion and 847 million and 700 thousand during the same period in 2021.

The local liquidity grew by 2.2% to OMR 20 billion 305 million and 300 thousand at the end of February 2022 compared to OMR 19 billion and 874 million at the end of February 2021.

The Money Supply (M2), which consists of the money supply outside the banking system in addition to the current accounts and on call deposits in the local currency, grew by 1% to OMR 5 billion 774 million and 600 thousand compared to OMR 5 billion 719 million and 700 thousand at the end of February 2021.

The private sector deposits with the commercial banks and Islamic windows in Oman grew by 2.2% to OMR 17 billion 419 million and 500 thousand as of the end of February 2022 compared to OMR 17 billion 47 million and 8 thousand as of the end of the corresponding period in 2021.

The data pointed out that the total loans and finance provided by the commercial increased banks by 3.5% to OMR 27 billion 902 million and 800 thousand as of the end of February 2022 compared to OMR 26 billion 958 million and 800 thousand at the end of the corresponding period in 2021. The average interest rate on the loans decreased by 0.9% at the end of February 2022.

The average exchange rate of the Omani Riyals grew by 4.2% to register 106.9 points compared to 102.6 points at the same period in 2021. The issued money declined by 2% as of the end of February 2022 to OMR 1 billion 687 million compared to OMR 1 billion 720 million and 900 thousand at the same period in 2021.