Oman’s GDP Reaches $73 Billion; 1.9% Growth in the First Nine …
Oman’s Gross Domestic Product (GDP) at constant prices reached RO 28.146 billion ($73.1 billion) by the end of the first nine months of 2024, showing a 1.9% increase compared to RO 27.632 billion ($71.8 billion) in the same period in 2023.
Oman’s real GDP grows 1.9% in first 9 months of 2024
Dec 23, 2024 · Muscat – Oman’s real GDP – gross domestic product at constant prices – grew by 1.9% in the first nine months of 2024, according to data released by the National Centre for Statistics and Information (NCSI). The sultanate’s real GDP reached RO28.146bn in the January-September period, compared to RO27.632bn in the same …
Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025: OIA
3 days ago · According to the Ministry of Finance, Oman’s total public debt declined a further 5.3 per cent in 2024 to RO 14.4 billion, down from RO 15.2 billion a year earlier. As a share of GDP, public debt now stands at 34 per cent, down from 36.5 per cent at the end of 2023.
Oman forecasts $29 billion public revenue for 2025
2 days ago · This was shared during a recent media briefing regarding the 2025 budget, hosted by the Ministry of Finance in Muscat, Oman News Agency (ONA) reported. ... Al Harthy projected that the GDP of the Sultanate of Oman at constant prices is expected to reach approximately OMR38.390 ($99.7 billion) billion by the end of 2024 and around OMR39.426 ...
Oman’s GDP grows 2.6% in Q2, driven by non-hydrocarbon sector - Arab News
Dec 15, 2024 · JEDDAH: Oman’s nominal gross domestic product grew by 2.6 percent at the end of the second quarter of the year compared to the same period in 2023. The growth was primarily driven by a 5...
Oman's Q1 2024 GDP rises to $27.15 billion driven by non-oil
Jul 8, 2024 · Oman’s gross domestic product (GDP) rose in the first quarter of 2024 by 0.8 percent year-on-year to reach OMR10.45 billion ($27.15 billion), according to preliminary data from the National Centre for Statistics and Information.
Oman Economy, Politics and GDP Growth Summary - The …
The risk of unrest is driven by both by elevated socioeconomic pressures relative to Oman's Gulf peers, and the possible imposition of economic austerity measures. We expect politically painful fiscal reforms to be delayed until at least 2026, supported by dwindling fiscal surpluses.
Oman GDP - TRADING ECONOMICS
The Gross Domestic Product (GDP) in Oman was worth 108.19 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Oman represents 0.10 percent of the world economy.
Oman News & Latest Updates - Business, Financial & Events
Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025. The deal is part of the sultanate’s broader initiative to capitalize on cutting-edge global technologies across multiple sectors. UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth.
Oman News Agency
The nominal GDP of the Omani economy grew by 30 percent in 2022, which was driven by improvements in both the hydrocarbon and non-hydrocarbon sectors, showing growth rates of 61.6 percent and 16.9 percent, respectively. In the non-hydrocarbon sector, the recovery was broad-based with all major sectors showing positive growth during 2022.