Oman’s GDP reaches OMR32 Billion

Muscat, The Gulf Observer: The gross domestic product (GDP) rate of Oman at current prices increased by 30.4 percent to reach OMR32 billion until the end of September 2022, compared to the same period in 2021.

This was revealed in the first edition of the ‘Quarterly National Accounts Indicators’ report issued by the National Centre for Statistics and Information (NCSI).

The new report reviews the most important indicators at current and constant prices, the growth rates of economic activities, and the most important indicators supporting an increase in GDP until the end of September 2022.

The report attributed this rise to the high growth rate of oil activities until the end of September 2022 at current prices, by 72.5 percent compared to the same period in 2021, which is the highest among economic activities, in addition to the high growth rate in manufacturing activities, achieving 65.6 percent during the same period.