Non-oil sector

The non-oil sector refers to all economic activities that do not involve the extraction or sale of oil. It includes industries like manufacturing, agriculture, construction, trade, finance, education, and healthcare. This sector is vital for a country’s economic diversity and stability, as it supports employment and growth outside of oil revenues. When the non-oil sector grows, it indicates a healthy economy with multiple sources of income and resilience against fluctuations in oil prices. Governments often aim to strengthen this sector to reduce dependence on oil and promote sustainable development.