The National Centre for Statistics and Information (NCSI) issued the 2nd edition of the “Quarterly National Accounts Indicators” report, which highlights the most important indicators at current and fixed prices, growth rates of economic activities and prominent indicators boosting the rise in Gross Domestic Product (GDP), until the end of December 2022.

The Sultanate of Oman’s GDP at fixed prices increased by 4.3 per cent by the end of December 2022 to stand at RO36.1bn compared to the corresponding period in 2021.

Statistics indicated that this rise is attributed to the growth in oil activities by 10.2 per cent at fixed prices compared to the same period in 2021. It is also attributed to the rise in activities of mining and utilising quarries by 10.5 per cent. Meanwhile, construction activities declined by 23.2 per cent in 2022 compared to the same period in 2021, being the lowest among economic activities.

The report indicated that the Sultanate of Oman’s GDP at current prices recorded an increase of 30 per cent to stand at RO44.1bn till the end of December 2022 compared to the same period in 2021.

This rise contributed to the surge in oil activities by the end of 2022 at current prices by 61.6 per cent compared to the corresponding period in 2021, being the highest among economic activities. It also contributed to the growth of the activities of converting industries by 49.6 per cent during the same period.

The per capita GDP for 2022 at current prices amounted to RO8,936.