Source
Central bank

Central Bank of Oman

International Reserves

USD 17.5 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 65.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 181.4 billion (2017, estimate)

Real GDP growth
2006 2007 2009 2009 2010 2011 2012
5.4% 4.5% 8.2% 6.1% 4.8% 4.1% 5.8%
2013 2014 2015 2016* 2017*    
3.2% 2.9% 3.3% 1.8% 2.6%    

*Estimate

GDP per capita - current prices

USD 16,129.8 (2017, estimate)

GDP per capita - PPP

Intl$ 44,471.7 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.09% 0.14% 0.15% 0.15% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.7% 
  • industry: 45.4% 
  • services: 52.9%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
1.2% 1.0% 0.1% 1.1% 3.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
5.1% 4.9% 14.9% 21.8% 24.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
4.7% -1.1% -16.5% -13.5% -10.3%

*Estimate 

Government bond ratings

Standard & Poor's: BBB-

Moody's: Baa1

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
USD 36.8 billion USD 37.8 billion USD 41.1 billion
Largest companies

Bank Muscat.

 
 
Source
Current account balance

USD -11.6 billion (2017 estimate)

Current account balance by percentage of GDP

-17.6% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

56.1% (2015)

Shares in world total merchandising export

0.2% (2015)

Shares in world total commercial services export

0.06% (2014)

Total exports

USD 30.4 billion (2016 estimate)

Export commodities

Petroleum, reexports, fish, metals, textiles

Total imports

USD 25.8 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 35.4%, UAE 15.3%, South Korea 6.8%, Saudi Arabia 5.8%, Pakistan 4.2% (2015)

Imports - major partners

UAE 29.7%, Japan 10.2%, US 7.5%, China 6.7%, India 6.3% (2015)

FDI inflows
2013 2014 2015
USD 876 million USD 739 million USD 822 million
FDI outflows
2013 2014 2015
USD 10 million USD 1,670 million USD 855 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 354.0 million USD -6.0 million USD 26.4 million USD -1043.9 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 66 out of 190 countries (2017)

Subcategories:

Starting a business: 32 out of 190 countries

Enforcing Contracts: 60 out of 190 countries

Registering Property: 35 out of 190 countries

Getting Credit: 133 out of 190 countries

Protecting Minority Investors: 118 out of 190 countries

Trading Across Borders: 67 out of 190 countries

Paying Taxes: 12 out of 190 countries

Dealing with Construction Permits: 52 out of 190 countries

Getting Electricity: 69 out of 190 countries

Resolving Insolvency: 94 out of 190 countries

Global competitiveness ranking

66 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 52 / Score: 67.08 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+4

Total area

309,500 sq km

Capital

Muscat

Currency

Omani rials (OMR)

Government type

monarchy

Languages

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

Religions

Muslim (official; majority are Ibadhi, lesser numbers of Sunni and Shia)) 85.9%, Christian 6.5%, Hindu 5.5%, Buddhist 0.8%, Jewish <.1, other 1%, unaffiliated 0.2%

Total population
1990 2000 2010 2014* 2019**
1.843 million 2.402 million 2.519 million 3.288 million 3.821 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
16.4% 48% 72% 77%
Population median age

24.9 years (2014 est.)

Population growth rate

2.06% (2014 est.)

Life expectancy

74.97 years (2014 est.)

Adult literacy

86.9% (2010 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 6
Civil Liberties: 5 (2014)

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

Total telephone subscribers as % of population

Fixed 9.7%   Mobile 154.6% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)
 

Internet users as % of total population

66.45% (2013)

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

Muscat 168th (2014)

CO2 emissions(Metric tons of CO2 per capita)

20.4 (2010)

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