Oman GDP Data & Country Report

Oman Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Oman; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Oman

International Reserves

US$ 13.025 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 66.048 billion (2009 estimate)

GDP (Purchasing Power Parity)

80.022 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
4.6%	5.6%	2.1%	0.3%	3.4%	4%	5.5%	6.8%
2008	2009	2010	2011*
12.8%	1.1%	4.2%	4.4%

*Estimate

GDP per capita - current prices

US$ 21,421 (2008 estimate)

GDP per capita - PPP

$25,954 International Dollars (2008 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.05%	0.08%	0.09%	0.11%	0.1%

**Forecast

GDP - composition by sector

agriculture: 1.4%
industry: 48.6%
services: 49.9% (2009 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
12.6%(2008)	3.5%	3.3%	3.5%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
7.5%	5%	8%	5.9%	4.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
12.2%	17.2%	2%	6.7%	6.2%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: A/Stable/A-1

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$23.06 billion	US$14.914 billion	US$17.302 billion

Largest companies in Oman

Bank Muscat (Regional Banks)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 9.8 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

14.9% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

59.3% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0.24%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.05%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$36.12 billion f.o.b. (2010 estimate)

Export commodities

petroleum, reexports, fish, metals, textiles

Total imports

US$13.32 billion f.o.b. (2008 estimate)

Import commodities

machinery and transport equipment, manufactured goods, food, livestock, lubricants

Exports - major partners

China 26.8%, South Korea 15.2%, Japan 14.3%, Thailand 10.4%, UAE 7.6%, US 4.3%, Iran 4.1% (2007)

Imports - major partners

UAE 19.3%, Japan 17.6%, US 7.4%, Germany 5.2%, India 4.1% (2007)

FDI inflows

2008	2009	2010
US$2,528 million	US$1,471 million(2009)	US$2,045 million(2009)

FDI outflows

2008	2009	2010
US$481 million	US$66 million	US$317 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$601 million	US$893 million(2009)	US$-529 million(2009)	US$172 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 57 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 76 out of 183 countries(2009)

Registering property: 21 out of 183 countries

Paying Taxes: 8 out of 183 countries

Getting credit: 128 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 88 out of 183 countries

Enforcing Contracts: 104 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 34 Score: 69.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+4

Total area

309,500 km² (2006)

Capital

Muscat (2009)

Currency

Omani rials (OMR) (2009)

Government type

monarchy (2009)

Languages

Arabic (official), English, Baluchi, Urdu, Indian dialects

Religions

Ibadhi Muslim 75%, other (includes Sunni Muslim, Shi'a Muslim, Hindu) 25%

Total population

1980	1990	2000	2010*	2015**
1.2 million	1.63 million	2.4 million	2.98 million	3.49 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
16.4%	47.6%	71.6%	71.7%

Population median age

23.0 years (2006)

Population growth rate

2.1% (2009)

Life expectancy

76 years (2007)

Adult literacy

84% (2000/2007)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

175.75% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

62.6% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Muscat: 184th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

16.4248 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:

COUNTRY WINNERS BankMuscat (National, 2010)

2009:

COUNTRY WINNERS BankMuscat (National, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:

COUNTRY WINNERS BankMuscat (National, 2011)

2010:

COUNTRY WINNERS BankMuscat (National, 2010)

2009:

COUNTRY WINNERS BankMuscat (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Bank Muscat (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Bank Muscat (National, 2010)
COUNTRY WINNERS / Best Corporate/Institutional Internet Banks HSBC (National, 2010)

2009:

COUNTRY WINNERS / Best Consumer Internet Banks Bank Muscat (National, 2009)

WORLD'S SAFEST BANKS

2011:

OVERALL SAFEST BankMuscat (Global, 2011)

WORLD'S BEST EMERGING MARKET BANKS

2011:

COUNTRY WINNERS BankMuscat (National, 2011)

2010:

COUNTRY WINNERS BankMuscat (National, 2010)

2009:

COUNTRY WINNERS BankMuscat (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS HSBC (National, 2011)

2010:

COUNTRY WINNERS HSBC (National, 2010)

2009:

COUNTRY WINNERS BankMuscat (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2011:

COUNTRY WINNERS BankMuscat (National, 2011)

2010:

COUNTRY WINNERS BankMuscat (National, 2010)

2009:

COUNTRY WINNERS BankMuscat (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:

COUNTRY WINNERS BankMuscat (National, 2011)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Oman GDP Data & Country Report | Global Finance

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:

2009:

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2011:

WORLD'S BEST EMERGING MARKET BANKS

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2011:

2010:

2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011: