The total value added of non-oil activities at the end of the third quarter of last year reached OMR 15.3 billion, representing 67 percent of the Sultanate's GDP, according to the data released by the National Center for Statistics and Information.
The value added of petroleum activities was about OMR 8.5 billion compared to OMR 5.8 billion during the same period of 2017. The increase in the value added of crude oil contributed with about 36.2 percent to about OMR 6.6 billion in the increase in the value added of the oil activities.
The Gross domestic product (GDP) at current prices grew by 15.3 percent from OMR 20 billion at the end of the third quarter of 2017 to OMR 23 billion at the end of the third quarter of 2018. This increase is due to the average price of oil at around 67.2 dollars per barrel by the end of the third quarter of 2018.
As for the general budget of the state, the value of the deficit recorded in the general budget of the Sultanate fell down by the end of the third quarter of 2018 by 36.1 percent to record OMR 1.9 billion compared to about OMR 3 billion by the end of the third quarter of 2017.
Source: (Oman News Agency, Edited)
