Oman's GDP grows 3% in Q1 on stronger oil and services activity

Oman’s GDP grows 3% in Q1 on stronger oil and services activity. According to preliminary data released by the National Centre for Statistics and Information (NCSI) on Sunday, Oman’s real gross domestic product expanded 3% in the first quarter of 2026. The economy rose to RO9.84 billion for January–March, up from RO9.55 billion in the same period of 2025. The report links growth to higher oil and gas production and solid expansion in key service sectors, aligning broadly with an International Monetary Fund forecast calling for 3.7% growth in 2026. IMF analysis cited hydrocarbon production, prudent macroeconomic management and fiscal discipline as helping Oman limit the impact of regional geopolitical tensions. Petroleum activities grew 4.6% year-on-year to RO3.04 billion, while non-petroleum activities increased 2.4% to RO7.04 billion, led by services and financial and insurance activity.