Oman’s GDP at constant prices increases by 1.3% at the end of Q4 of 2023

Oman’s GDP at constant prices increases by 1.3% at the end of Q4 of 2023

According to preliminary data issued by the National Center for Statistics and Information (NCSI), Oman’s gross domestic product (GDP) at constant prices, at the end of the fourth quarter of 2023, increased by 1.3 percent.

The post Oman’s GDP at constant prices increases by 1.3% at the end of Q4 of 2023 appeared first on The Arabian Stories News.MUSCAT : The amount reached up to RO 38.3 billion(at market price), compared to the end of the fourth quarter of 2022, during which the GDP at constant prices reached RO 37.8 billion.

This increase is attributed 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 percent. Crude oil activities recorded RO 10.6 billion, and natural gas activities increased by 3.1 percent to RO 1.8 billion.Non-oil activities rose by 2.4 percent 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 compared to RO 8.1