Oman's real GDP increased by 2 percent during the third quarter of 2023. The Sultanate attributed the increase to the increase in the value added of oil activities by 0.5 percent, and non-oil activities by 2.7 percent.
Preliminary data issued by the National Center for Statistics and Information for the National Accounts of the Sultanate of Oman showed a decrease in nominal GDP by 3.9 percent by the end of the third quarter of 2023 compared to the same period in 2022.
Private sector deposits with the Omani banking system rose 10.6 percent to 19.2 billion riyals ($49 billion) by the end of December 2023.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
