Oman’s gross domestic product grew 5.1% at constant prices year-on-year during the second quarter to hit RO9.9 billion ($25.6 billion), compared to RO9.4 billion ($24.3 billion), supported by a 14.7% rise in petroleum activities, reported ONA citing preliminary data issued by the National Centre for Statistics and Information.

As per official data, petroleum activities recorded a growth of 14.7% during the second quarter of 2026, reaching approximately RO 3.4 billion, compared to about RO3 billion in the corresponding quarter of 2025.

Conversely, non-petroleum activities increased by 0.7% during the second quarter of 2026, reaching RO7 billion, compared to about RO6.8 billion in the corresponding quarter of 2025, it stated.

Meanwhile, industrial activities recorded a decline of 1.5%, reaching approximately RO1.9 billion, compared to about RO 2.0 billion in the corresponding period of the previous year.

Furthermore, service activities increased by 1.5%, reaching approximately RO4.6 billion, compared to about RO4.5 billion in the second quarter of 2025.

In August, the Omani Ministry of Finance had reported that the sultanate's total public expenditure stood at RO6.62 billion in Q2, compared to RO5.839 billion during the corresponding period of the previous year. 

This growth is primarily attributable to higher oil revenues.

The sultanate's total public expenditure stood at RO6.619 billion by the end of Q2 2026, marking an increase of RO521 million (9 per cent), relative to the RO6.098 billion recorded during the same period in 2025.

This rise reflects higher development and current expenditures compared to the equivalent period last year.