Muscat: The Sultanate’s GDP at market prices declined 14.1 per cent to OMR27.01 billion last year compared with OMR31.45 billion registered in 2014.
GDP at producer prices, fell 15.9 pc to OMR27.86 billion during the period, according to the latest bulletin released by the National Centre for Statistics & Information (NCSI).
Petroleum sector contributed as much as 34pc of the total GDP while Public Administration & Defence had a share of 12pc.
The share of construction, as well as wholesale & retail trade stood at 8pc each.
Petroleum activities fell 38.2pc to OMR9.16 billion. Crude petroleum declined 42.4pc to OMR7.93 billion, even as Natural Gas registered a growth of 15.7pc to OMR1.22 billion by the end of last year, compared with prior year figures.
Non-Petroleum activities posted a healthy 2.3pc increase to touch OMR19.37 billion as against OMR18.92 billion in 2014.
Agriculture & Fisheries grew 5.2pc to OMR427.4 million while Industrial Activities logged a marginal 0.4pc growth at OMR5.72 billion. Services sector too recorded a 3.1pc increase to OMR13.21 billion during the period.
Trade (wholesale & retail) fell 2.6pc to OMR2.02 billion while Hotels & Restaurants registered a growth of 3.0pc to reach OMR266.5 million.
Transport, storage & communication sector saw an increase of 3.9pc to OMR1.63 billion.
Financial intermediation rose by 5.5pc to OMR1.59 billion while real estate grew 4.6pc to OMR1.28 billion.
The growth in the Public administration & defence sector was pegged at 4.4pc, taking the value to OMR3.30 billion
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