Source
Central bank

Central Bank of Oman

International Reserves

US$ 15,951 billion (Source: World bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 82 billion (2014 estimate)

GDP (Purchasing Power Parity)

100 billion of International dollars (2014 estimate)

Real GDP growth
2005 2006 2007 2008 2009 2010 2011
4.0% 5.5% 6.7% 13.2% 3.3% 5.6% 4.5%
2012 2013 2014*        
5.0% 5.1% 3.4%        

*Estimate

GDP per capita - current prices

US$ 25,014 (2014 estimate)

GDP per capita - PPP

$30,325 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.05% 0.08% 0.09% 0.1% 0.11%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1% 
  • industry: 64.4% 
  • services: 34.6% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2010 2011 2012 2013 2014*
3.3% 4.0% 2.9% 1.3% 2.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
5.5% 5.5% 6.0% 7.0% 8.0%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
5.5% 9.1% 4.5% 5.8% 0.6%

*Estimate 

Government bond ratings

Standard & Poor's: A

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 22 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$20.27 billion US$19.72 billion US$20.11 billion

*2010 Estimate      **2012 Estimate

Largest companies in Oman

Bank Muscat (Regional Banks) (2014)

 
 
Source
Current account balance

US$ 6.386 billion (2014 estimate)

Current account balance by percentage of GDP

7.764% of GDP (2014 estimate)

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

62% (2011)

(Data released on Oct 2014)

Shares in world total merchandising export

0.28% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.07% (2012)

(Data were released in 2014)

Total exports

US$ 56.22 billion (2013 estimate) 

Export commodities

petroleum, reexports, fish, metals, textiles

Total imports

US$ 30.75 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

China 31.8%, Japan 12.9%, UAE 10.4%, South Korea 10%, Thailand 4.4%, Singapore 4.4% (2012)

Imports - major partners

UAE 24.1%, Japan 12.5%, India 8.5%, China 6.3%, US 6.1% (2012)

FDI inflows
2011 2012 2013
US$ 1,563 million US$ 1,040 million US$ 1,626 million
FDI outflows
2011 2012 2013  
US$ 1,233 million US$ 877 million US$ 1,384 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ -530 million US$ 222 million US$ 354 million US$ -20 million
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 47 out of 189 countries (2013)

Subcategories:

Starting a business: 77 out of 189 countries(2009)

Enforcing Contracts: 107 out of 189 countries

Registering Property: 21 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 98 out of 189 countries

Trading across border: 47 out of 189 countries

Paying Taxes: 9 out of 189 countries

Dealing with Construction Permits: 69 out of 189 countries

Getting Electricity: 58 out of 189 countries

Resolving Insolvency: 72 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

46

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 48 Score: 67.4 (Moderately Free) (2014)

(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 (est. 2014)

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

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

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

Source
Total telephone subscribers as % of population

179.07% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

68% (Data were released in 2012 and refer to 2011)

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: 184th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

15.1703 (Data were released in 2012 and refer to 2009)

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