Oman’s GDP growth in Q1 2025 shows a solid increase, driven mainly by non-oil sectors. According to the National Centre for Statistics and Information, Oman’s GDP at constant prices rose by 2.5%, reaching OMR 9.43 billion. This is up from OMR 9.20 billion in the same period of 2024. The key driver behind this rise is the growth in non-oil activities, which increased by 4.4% and contributed OMR 6.92 billion to the GDP by the end of the first quarter.
More specifically, agricultural and fishing sectors saw a notable growth of 7.6%, adding OMR 273.6 million to the economy. Similarly, industrial activities grew by 7%, contributing OMR 2.03 billion. The services sector also expanded by 3.2%, adding OMR 4.62 billion. These combined increases highlight the diversification efforts in Oman’s economy, emphasizing its shift away from oil dependency.
However, oil-related activities recorded a slight decline of 0.4%, contributing OMR 2.92 billion compared to OMR 2.94 billion last year. Crude oil production itself fell by 2.2%, with a contribution of OMR 2.45 billion. This decrease reflects ongoing challenges in the oil sector amid global market fluctuations.
Despite the dip in oil, Oman’s economic growth remains steady, thanks to strong non-oil performance. The government continues to focus on economic diversification to boost resilience and sustainability.
Overall, Oman’s GDP growth underscores the country’s evolving economic landscape. It clearly demonstrates successful efforts to develop non-oil sectors. These sectors are becoming increasingly important for the nation’s future. Moreover, this growth supports long-term economic stability and reduces reliance on oil revenues. The steady rise in agriculture, industry, and services shows Oman’s commitment to diversifying its economy.
Additionally, this shift helps create more job opportunities and strengthens local businesses. As a result, the country is better prepared to face global market fluctuations. Ultimately, Oman’s focus on non-oil growth plays a vital role in shaping a sustainable and resilient economy for years to come.
