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GCC CONTEXT
Tourism's expanding share of Oman's economic output reflects the Sultanate's ongoing diversification strategy beyond hydrocarbon revenues, a structural shift common across GCC economies as oil dependency narrows. The 2.9% contribution level aligns with regional efforts to develop non-oil sectors, though Oman's tourism intensity remains lower than the UAE and Saudi Arabia's hospitality and leisure segments, which command larger GDP shares following years of infrastructure investment and international positioning. This trajectory is historically significant for GCC fiscal planning, as sustained tourism contributions reduce cyclical oil revenue volatility and broaden the tax and employment base that underpins sovereign stability.
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