Oman’s real GDP grows 1.9% in first 9 months of 2024
Dec 23, 2024 · Muscat – Oman’s real GDP – gross domestic product at constant prices – grew by 1.9% in the first nine months of 2024, according to data released by the National Centre for Statistics and Information (NCSI). The sultanate’s real GDP reached RO28.146bn in the January-September period, compared to RO27.632bn in the same …
Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025: OIA
2 days ago · According to the Ministry of Finance, Oman’s total public debt declined a further 5.3 per cent in 2024 to RO 14.4 billion, down from RO 15.2 billion a year earlier. As a share of GDP, public debt now stands at 34 per cent, down from 36.5 per cent at the end of 2023.
Oman forecasts $29 billion public revenue for 2025
2 days ago · This was shared during a recent media briefing regarding the 2025 budget, hosted by the Ministry of Finance in Muscat, Oman News Agency (ONA) reported. ... Al Harthy projected that the GDP of the Sultanate of Oman at constant prices is expected to reach approximately OMR38.390 ($99.7 billion) billion by the end of 2024 and around OMR39.426 ...
Oman’s GDP at constant prices hits RO 28.1 billion
Dec 28, 2024 · MUSCAT: The Sultanate of Oman's gross domestic product (GDP) at constant prices recorded an increase of 1.9 per cent at the end of the third quarter of 2024, reaching RO 28.146 billion, compared to RO 27.632 billion at the end of the third quarter of 2023.
Oman’s GDP grows 2.6% in Q2, driven by non-hydrocarbon sector - Arab News
Dec 15, 2024 · JEDDAH: Oman’s nominal gross domestic product grew by 2.6 percent at the end of the second quarter of the year compared to the same period in 2023. The growth was primarily driven by a 5...
Oman Economy, Politics and GDP Growth Summary - The …
The risk of unrest is driven by both by elevated socioeconomic pressures relative to Oman's Gulf peers, and the possible imposition of economic austerity measures. We expect politically painful fiscal reforms to be delayed until at least 2026, supported by dwindling fiscal surpluses.
Oman’s GDP at constant prices reaches RO 38.276 bn in 2023
Apr 23, 2024 · MUSCAT: The Gross Domestic Product (GDP) at constant prices for the Sultanate of Oman recorded an increase of 1.3 per cent by the end of fourth quarter (Q4) of 2023 (from January to December 2023), reaching RO 38.276 billion compared to the end of Q4 2022, where it was RO 37.781 billion, according to preliminary data released by the National ...
Oman economy poised for strong growth but challenges persist, …
May 13, 2024 · Oman’s economy is expected to gain momentum, but the sultanate faces potential risks from regional geopolitical tensions, a sudden global economic downturn, and sustained high global interest rates, the International Monetary Fund has said.
Oman recovering, IMF says, though more reforms required
Nov 16, 2023 · After a visit to Oman, the IMF forecast its GDP growth would be 1.3% this year, from 4.3% in 2022. Last month it forecast Oman's growth to recover to 2.7% in 2024, buoyed by higher hydrocarbon ...
Oman News Agency
The nominal GDP of the Omani economy grew by 30 percent in 2022, which was driven by improvements in both the hydrocarbon and non-hydrocarbon sectors, showing growth rates of 61.6 percent and 16.9 percent, respectively. In the non-hydrocarbon sector, the recovery was broad-based with all major sectors showing positive growth during 2022.