The gross domestic product of the Sultanate of Oman at current prices increased by 30.4 percent on an annual basis in the second quarter of this year to 20.4 billion riyals ($52.99 billion). Compared to about 15.6 billion Omani riyals at the end of the same quarter of 2021.
According to the data of the National Center for Statistics, the increase in the gross domestic product in the Sultanate of Oman is due to the second quarter of 2022, the value added in oil activities increased by 75.3 percent, and the value added of non-oil activities increased by 13.4 percent.
The added value of oil activities increased by 3.4 billion Omani riyals, recording about 7.8 billion Omani riyals, compared to about 4.5 billion Omani riyals at the end of the same quarter of last year. The added value of crude oil also increased by 82 percent, to reach 6.8 billion Omani riyals, compared to about 3.8 billion Omani riyals at the end of the same quarter of last year. The added value of natural gas increased by 39.8 percent.
The budget of the Sultanate of Oman recorded a surplus of 1.09 billion riyals ($ 2.8 billion) at the end of August 2022, compared to a deficit of 1.05 billion riyals during the comparison period a year ago.
Source (Al-Arabiya.net Website, Edited)
