Added Value of Enterprises in Oman Exceeds RO 9 Billion by 4Q 2022

The total added value of enterprises by the end of the fourth quarter of 2022 in the Sultanate of Oman amounted to RO 9,237.6 million (221,523 enterprises), constituting a growth by 25.2% compared to the same period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

The contribution of active enterprises to the gross domestic product (GDP) at current prices increased by 79.7% for the fourth quarter of 2022, compared to 79.2% by the fourth quarter of 2021.

The added value of large enterprises amounted to RO 6,897.9 million constituting 59.5% during the fourth quarter of 2022, comprising a rise by 27.6% compared the corresponding period in the previous year.

Further, the added value of medium enterprises amounted to RO 725 million (6.3%) during the fourth quarter of 2022, comprising an increase by 20.7%. Meanwhile, the added value of small enterprises reached RO 749.3 million (6.5%) during the fourth quarter of 2022, constituting a rise by 16.8%.

The added value of micro enterprises reached RO 865.5 million (7.5%) during the fourth quarter of 2022, going up by 18.4%.

It is worth mentioning that the number of workers in active private enterprises in Oman increased by 16.1% to stand 1,688,110 during the fourth quarter of 2022 compared to 1,454,187 during the fourth quarter of 2021.

Source: Oman News Agency