Oman GDP grows 5.1% in Q2 2026 as petroleum activities rise 14.7%
In short
Oman’s gross domestic product at constant prices grew 5.1% year on year in the second quarter of 2026, reaching about RO 9.9 billion, according to preliminary data from the National Centre for Statistics and Information. Petroleum activities drove the expansion, rising 14.7% to about RO 3.4 billion, while non-petroleum activities grew 0.7%. Industrial activities were the main drag, contracting 1.5%.
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Oman’s gross domestic product at constant prices grew 5.1% year on year in the second quarter of 2026, reaching approximately RO 9.9 billion compared with about RO 9.4 billion in the same quarter of 2025, according to preliminary data from the National Centre for Statistics and Information carried by Oman News Agency and reported by WAM. Forbes Middle East put the same total at approximately $25.8 billion, while Arabian Business said $25.7 billion. [ 1 , 2 , 3 ]
Petroleum activities accounted for most of the expansion, growing 14.7% to approximately RO 3.4 billion from about RO 3 billion a year earlier — the fastest growth rate among the categories cited. Non-petroleum activities increased 0.7% to approximately RO 7.0 billion from about RO 6.8 billion. [ 1 , 2 , 3 ]
Within the non-oil categories, service activities — the largest cited — rose 1.5% to approximately RO 4.6 billion, and agriculture and fishing activities rose 2.3% to RO 325 million from RO 317.8 million. Industrial activities moved the other way, declining 1.5% to approximately RO 1.9 billion from about RO 2.0 billion. [ 1 , 2 ]
The business outlets’ dollar figures do not align in every case. Forbes Middle East reported non-petroleum activities at approximately $1.8 billion (OMR 700 million), compared with $1.7 billion (OMR 6.8 billion) in the second quarter of 2025, amounts that differ from the rial figures WAM published for the same categories and from each other. The documents contain no official comment on the numbers, no forecast for coming quarters and no response to the contraction in industrial activities. [ 1 , 2 , 3 ]
Why it matters
The figures show Oman’s quarterly growth still leaning heavily on oil and gas, with non-oil activity expanding only marginally and industry shrinking. For a Gulf economy running diversification programmes, the gap between the 14.7% petroleum increase and 0.7% non-petroleum growth is the central detail in the release. The documents give no official forward guidance or policy response.
Key facts
- Oman’s GDP at constant prices grew 5.1% year on year in the second quarter of 2026, to approximately RO 9.9 billion from about RO 9.4 billion a year earlier. [ 1 , 2 , 3 ]
- Petroleum activities grew 14.7% to approximately RO 3.4 billion, from about RO 3 billion in the same quarter of 2025. [ 1 , 2 , 3 ]
- Non-petroleum activities increased 0.7% to approximately RO 7.0 billion, from about RO 6.8 billion. [ 1 , 2 , 3 ]
- Industrial activities declined 1.5% to approximately RO 1.9 billion, from about RO 2.0 billion. [ 1 , 2 ]
- Service activities rose 1.5% to approximately RO 4.6 billion, from about RO 4.5 billion. [ 1 , 2 ]
- Agriculture and fishing activities rose 2.3% to RO 325 million, from RO 317.8 million. [ 1 , 2 ]
- The data are preliminary and were issued by Oman’s National Centre for Statistics and Information. [ 1 , 2 ]
Confirmed by several sources
- Oman’s GDP at constant prices grew 5.1% in the second quarter of 2026 compared with the same quarter of 2025. [ 1 , 2 , 3 ]
- Petroleum activities grew 14.7% year on year in the quarter, the fastest-growing category cited. [ 1 , 2 , 3 ]
- Non-petroleum activities grew 0.7% year on year. [ 1 , 2 , 3 ]
- The figures are preliminary and come from the National Centre for Statistics and Information. [ 1 , 2 ]
Still unclear
- The dollar value of the quarter’s GDP: Forbes Middle East put it at approximately $25.8 billion, while Arabian Business said $25.7 billion. The two business outlets give different dollar totals for the same rial figure of about RO 9.9 billion.
- The dollar value of non-petroleum activities. Forbes Middle East reported non-petroleum activities at approximately $1.8 billion (OMR 700 million), compared with $1.7 billion (OMR 6.8 billion) a year earlier — figures that do not match WAM’s rial amounts of about RO 7.0 billion and RO 6.8 billion, nor each other.
- Any official response to the industrial contraction or outlook for coming quarters. None of the documents carry a comment, forecast or policy reaction.
What local media are saying
Timeline, local time
- WAM publishes the preliminary second-quarter GDP data for Oman, attributed to the National Centre for Statistics and Information via Oman News Agency. [ 1 ]
- Forbes Middle East reports the 5.1% growth figure and the 14.7% rise in petroleum activities, with dollar conversions. [ 2 ]
- Arabian Business reports the same headline growth and petroleum figures. [ 3 ]