Mubasher: Oman’s Sultanate's gross domestic product (GDP) grew by 12.9% during the first quarter of 2017 to OMR 6.4 billion compared to OMR 5.7 billion at the end of the same quarter last year, as shown by the statistics released by the National Centre for Statistics and Information (NCSI).

This increase is attributed to the increase of oil activities by 30.6% and the increase in total non-oil activities by 5.3%, according to Oman News Agency (ONA).

Oil activities in Q1-17 amounted to OMR 2.2 billion compared to OMR 1.5 billion for Q1-16.

Crude oil increased by 38% year-on-year and contributed OMR 1.7 billion, to oil activities, followed by natural gas activities, which recorded a rise of 1.6% to reach OMR 315.9 million.

The total contribution of non-oil activities to total output totalled OMR 4.6 billion, while services activities contribution to non-oil activities amounted to OMR 3.3 billion, registering a rise of 6.3% year-on-year.