Oman's GDP surges 5.1% in Q2

Oman's real gross domestic product (GDP) at constant prices experienced a significant surge of 5.1 percent in the second quarter of 2026, reaching approximately OMR 9.9 billion, marking a substantial increase from the previous year's same period when it stood at around OMR 9.4 billion, according to data released by the National Centre for Statistics and Information.

Petroleum activities were the primary driver behind this growth, as they expanded by an impressive 14.7 percent, reaching approximately OMR 3.4 billion in the second quarter of this year, up from around OMR 3 billion in the same quarter last year. Non-petroleum activities, while growing at a much slower rate of 0.7 percent, still managed to reach approximately OMR 7.0 billion, up from around OMR 6.8 billion in the corresponding quarter of the previous year.

Agriculture and fishing activities also contributed positively to the GDP, growing by 2.3 percent to reach OMR 325 million, compared to OMR 317.8 million in the same period last year. However, industrial activities saw a decline of 1.5 percent, reaching approximately OMR 1.9 billion, down from around OMR 2.0 billion in the previous year's second quarter.

Services activities, on the other hand, increased by 1.5 percent, reaching approximately OMR 4.6 billion, up from around OMR 4.5 billion in the corresponding period of the previous year.