A significant increase in GDP for 2022 was monitored by the National Center for Statistics and Information in the Sultanate of Oman, where it recorded a growth rate of 30.4 percent until the end of last September, on an annual basis, which had a positive impact on the total per capita and economic expectations for the current year 2023.
The value allocated to the Sultanate's GDP at current prices represents 32 billion riyals ($ 83.2 billion) until the end of last September compared to the same period in 2021, which the Statistics and Information Center attributed to a group of reasons, foremost of which is the increase in the growth rate of oil activities at current prices by 72.5 percent compared to the same period in 2021, considering that oil activities are the highest among economic activities in the Sultanate.
A parallel rise in non-oil activities contributed to Oman's GDP growth in this way, especially the manufacturing activity, which achieved a growth rate of 65.6 percent in the 9 months of last year. The contribution of industrial activities to the GDP at current prices increased to 6.27 billion riyals, representing a growth rate of 28.6 percent at the end of last September, compared to the same period in 2021, in which the contribution of industrial activity amounted to 4.87 billion riyals.
GDP per capita rose to OMR 6,619 annually, according to the Statistics and Information Centre report, with an average of OMR 551.6 per month.
Source (Al-Araby Al-Jadeed, Edited)
