Oil activity boosted Oman’s economy by 30.4% in September 2022

RIYADH: Oman’s economy grew by 30.4 percent in September 2022 year-on-year, thanks to increased oil production, local media reported, citing figures issued by National Centre for Statistics and Information.

The growth indicator — gross domestic product at current prices — increased to hit 32 billion Omani rial by the end of September 2022, compared to the same period a year before.

The NCSI data reported that the increase was largely due to the high growth rate in Oman’s oil activities which surged 72.5 percent year-on-year up until the end of September 2022.