The gross domestic product at current prices of the Sultanate of Oman at the end of the second quarter of 2024 (from January to June 2024) recorded a rise of 2.6% to reach (at market price) RO 20,974.5 billion, compared to the end of the second quarter of 2023, during which the GDP at current prices reached RO 20,437.2 billion, according to preliminary data issued by the National Center for Statistics and Information.

There was decrease in the value added of oil activities by 1.4% to RO 7,218.3 billion at the second quarter of 2024 compared to RO 7,322.2 billion at the end of the same period of 2023.

Crude petroleum activities declined by 2.4% to RO 6,120.3 billion, and natural gas activities increase by 4.5% to reach RO 1,098.0 billion. Total non-petroleum activities increased by 5% to RO 14,419.2 billion by the end of the second quarter of 2024 compared to RO 13,736.9 billion at the end of the second quarter of 2023.

The total industrial activities recorded RO 4,097.4 billion at the end of the second quarter of 2024, compared to RO 3,803.4 billion at the end of the second quarter of 2023, while agriculture, forestry and fishing activities recorded RO 529.5 million, and service activities recorded RO 9,792.4 billion.

The contribution of the construction sector amounted to RO 1,307.3 billion, and those of wholesale and retail trade reached RO 1,728.2 billion. Public administration and defense reached RO 2,015.1 billion and other services amounted to RO 430.9 million.