Preliminary data issued by the National Centre for Statistics and Information showed that the gross domestic product of the Sultanate of Oman at current prices reached approximately RO 10.293 billion by the end of the first quarter of 2026, compared to RO 10.500 billion during the same period of 2025, registering a decrease of 2 percent.

The results showed that oil activities recorded a decline of 11.7 percent, amounting to a value of RO 3.288 billion, compared to RO 3.656 billion in the first quarter of 2025.

This decrease is attributed to a decline in the value of crude oil activity by 12.6 percent to reach RO 2.406 billion compared to RO 2.753 billion during the same period of the previous year. The value of natural gas activity also decreased by 8.9 percent to reach RO 821.90 million compared to RO 902.30 million.

In contrast, non-oil activities recorded a growth of 5.9 percent reaching RO 7.462 billion in the first quarter of 2026 compared to RO 7.044 billion in the first quarter of 2025.

Agriculture and fishing activities grew by 4.7 percent to RO 359.1 million, compared with RO 343 million during the same period last year. Industrial activities declined marginally by 0.1 percent to RO 1.957 billion from RO 1.959 billion.

Service activities continued their strong growth trajectory, expanding by 8.5 percent to RO 5.146 billion, compared to RO 4.742 billion in the first quarter of 2025. The growth was driven by strong performance across several sectors, led by financial intermediation and insurance activities, which rose by 25.4 percent. This was followed by other services which grew by 10.7 percent, information and communication activities increased by 8.3 percent, while professional, scientific, technical and administrative services recorded a growth of 8.2 percent.

The GDP figures for Q’1 2026 underscore the resilience of Oman’s economic diversification agenda. While lower oil and gas revenues weighed on overall GDP, the continued expansion of non-oil sectors highlights their growing contribution to national output.