15 August 2015
Muscat: Non-oil sectors, which include agriculture, fisheries, industrial and services activities, grew 8.7 per cent in 2014 compared to 7.3 per cent in 2013, according to the National Centre for Statistics and Information's statistical bulletin released recently. The bulletin pointed out that the contribution of non-oil activities to the GDP in 2014 stood at RO 18,691,900,000 compared to RO 17,198,300,000 in 2013 and RO 16,029,600,000 in 2012. The gross production at current prices during the Q1 of 2015 stood at RO 6,508,300,000 compared to RO 7,589,200,000 -- a decline by 14.2 per cent.
The GDP at the product price, which includes oil, non-oil activities and indirectly estimated financial brokerage services in Q1 of this year stood at RO 6,680,600,000 compared to RO 7,908,700,000 -- a decline of 15.5 per cent due to the drop in crude oil prices and industrial activities.
The Sultanate's GDP at the current prices in 2014 stood at RO 31,215,200,000 compared to RO 30,061,300,000 in 2013 and RO 29,353,300,000 in 2012 -- a growth by 4 per cent and 2.3 per cent in 2014 and 2013 respectively.
The contribution of the non-oil activities in the GDP at current prices during the Q1 of 2015 grew by 4.1 per cent compared to the same period last year with RO 4,448,900,000 compared to RO 4,271,700,000 during the Q1 in 2014.
The bulletin also said that the oil activities dropped at the Q1 of this year to RO 2,395,700,000 compared to RO 3,789,100,000 during the Q1 of last year -- a drop by 36.8 per cent due to the decline in crude oil prices by 40.9 per cent. Natural gas contributed 16.3 per cent of the GDP or RO 317.8 million compared to RO 273.3 million during the same period last year.
Agriculture and fisheries sector's contribution to the GDP at the current prices increased by 5.3 per cent in the Q1 of this year to hit RO 96.5 million compared to RO 91.7 million during the same period last year.
The service activities at the Q1 of this year grew by 6.6 per cent to hit RO 3,236,600,000 compared to RO 3,037,300,000 during the same period last year.
The real estate, rents and commercial projects contributed to the GDP by RO 258.6 million during the Q1 of this year compared to RO 244.1 million during the same period last year.
The gross contribution of the industrial activities to the GDP during the Q1 of this year stood at RO 1,115,800,000 compared to RO 1,142,700,000 during the same period last year. The mining and quarries sector grew by 10 per cent to contribute by RO 32.4 million during the same period.
Muscat: Non-oil sectors, which include agriculture, fisheries, industrial and services activities, grew 8.7 per cent in 2014 compared to 7.3 per cent in 2013, according to the National Centre for Statistics and Information's statistical bulletin released recently. The bulletin pointed out that the contribution of non-oil activities to the GDP in 2014 stood at RO 18,691,900,000 compared to RO 17,198,300,000 in 2013 and RO 16,029,600,000 in 2012. The gross production at current prices during the Q1 of 2015 stood at RO 6,508,300,000 compared to RO 7,589,200,000 -- a decline by 14.2 per cent.
The GDP at the product price, which includes oil, non-oil activities and indirectly estimated financial brokerage services in Q1 of this year stood at RO 6,680,600,000 compared to RO 7,908,700,000 -- a decline of 15.5 per cent due to the drop in crude oil prices and industrial activities.
The Sultanate's GDP at the current prices in 2014 stood at RO 31,215,200,000 compared to RO 30,061,300,000 in 2013 and RO 29,353,300,000 in 2012 -- a growth by 4 per cent and 2.3 per cent in 2014 and 2013 respectively.
The contribution of the non-oil activities in the GDP at current prices during the Q1 of 2015 grew by 4.1 per cent compared to the same period last year with RO 4,448,900,000 compared to RO 4,271,700,000 during the Q1 in 2014.
The bulletin also said that the oil activities dropped at the Q1 of this year to RO 2,395,700,000 compared to RO 3,789,100,000 during the Q1 of last year -- a drop by 36.8 per cent due to the decline in crude oil prices by 40.9 per cent. Natural gas contributed 16.3 per cent of the GDP or RO 317.8 million compared to RO 273.3 million during the same period last year.
Agriculture and fisheries sector's contribution to the GDP at the current prices increased by 5.3 per cent in the Q1 of this year to hit RO 96.5 million compared to RO 91.7 million during the same period last year.
The service activities at the Q1 of this year grew by 6.6 per cent to hit RO 3,236,600,000 compared to RO 3,037,300,000 during the same period last year.
The real estate, rents and commercial projects contributed to the GDP by RO 258.6 million during the Q1 of this year compared to RO 244.1 million during the same period last year.
The gross contribution of the industrial activities to the GDP during the Q1 of this year stood at RO 1,115,800,000 compared to RO 1,142,700,000 during the same period last year. The mining and quarries sector grew by 10 per cent to contribute by RO 32.4 million during the same period.
© Oman Daily Observer 2015
