Oman GDP Rises 2.6% to $25.2 Billion in Q1 as Oil and Services Strengthen
Updated
Updated · Arab News · Jul 6
Oman GDP Rises 2.6% to $25.2 Billion in Q1 as Oil and Services Strengthen
2 articles · Updated · Arab News · Jul 6
Summary
9.69 billion Omani rials ($25.2 billion) — Oman’s economy grew 2.6% year on year in the first quarter of 2026, according to preliminary official data.
Oil-related activity drove much of the gain, rising 4.6% to 3.04 billion rials as crude oil value added increased 4.3% and natural gas 6.0%.
Non-oil activity still made up more than two-thirds of output, expanding 2.4% to 7.04 billion rials, with services up 3.7% to 4.72 billion rials.
Agriculture and fisheries climbed 6.1% to 337.8 million rials, while industrial activity fell 1.2% to 1.98 billion rials, partly offsetting broader gains.
The figures follow an IMF upgrade of Oman’s 2026 growth forecast to 3.7% from 3.5%, reflecting confidence in the Sultanate’s diversification and fiscal reforms.