Oman’s GDP at current prices in Q4 records RO 41.8 billion

Oman’s GDP at current prices in Q4 records RO 41.8 billion

The Gross Domestic Product (GDP) at current prices in the Sultanate of Oman at the end of the fourth quarter of 2023 (from January to December 2023) recorded a decrease of 2.8% to reach (at market price) RO 41.8 billion, compared to the end of the fourth quarter of 2022, during which the GDP at current prices reached RO 43 billion, according to preliminary data issued by the National Centre for Statistics and Information.

The post Oman’s GDP at current prices in Q4 records RO 41.8 billion appeared first on The Arabian Stories News.Muscat: The Gross Domestic Product (GDP) at current prices in the Sultanate of Oman at the end of the fourth quarter of 2023 (from January to December 2023) recorded a decrease of 2.8% to reach (at market price) RO 41.8 billion, compared to the end of the fourth quarter of 2022, during which the GDP at current prices reached RO 43 billion, according to preliminary data issued by the National Centre for Statistics and Information.

This decrease is mainly due to the drop in oil activities, which decreased by 11.9% to RO 14.9 billion at the end of the fourth quarter of 2023 compared to RO 16.9 billion at