
Islamic Finance FAQ: A Global Finance Series
Islamic finance is a fast-growing $2 trillion industry, yet many finance professionals do not know halal from haram. Global Finance's series on Islamic finance explains.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Oman economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Oman best banks and safest banks are also available.
Sultan Al Habsi Deputy Governor of the Central Bank of Oman talks to Global Finance about special economic zones, foreign investment, and state-of-the-art logistics.
USD 17.5 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 65.8 billion (2017, estimate)
Intl$ 181.4 billion (2017, estimate)
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
USD 16,129.8 (2017, estimate)
1980 | 1990 | 2000 | 2010 | 2017* |
0.09% | 0.14% | 0.15% | 0.15% | 0.1% |
*Estimate
(2016 estimate)
2013 | 2014 | 2015 | 2016* | 2017* |
1.2% | 1.0% | 0.1% | 1.1% | 3.1% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
N/A | N/A | N/A | N/A | N/A |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
5.1% | 4.9% | 14.9% | 21.8% | 24.5% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
4.7% | -1.1% | -16.5% | -13.5% | -10.3% |
*Estimate
Standard & Poor's: BBB-
Moody's: Baa1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
2013 | 2014 | 2015 |
USD 36.8 billion | USD 37.8 billion | USD 41.1 billion |
-17.6% (2017 estimate)
56.1% (2015)
0.2% (2015)
0.06% (2014)
Petroleum, reexports, fish, metals, textiles
Machinery and transport equipment, manufactured goods, food, livestock, lubricants
China 35.4%, UAE 15.3%, South Korea 6.8%, Saudi Arabia 5.8%, Pakistan 4.2% (2015)
UAE 29.7%, Japan 10.2%, US 7.5%, China 6.7%, India 6.3% (2015)
2013 | 2014 | 2015 |
USD 876 million | USD 739 million | USD 822 million |
2013 | 2014 | 2015 |
USD 10 million | USD 1,670 million | USD 855 million |
2012 | 2013 | 2014 | 2015 |
USD 354.0 million | USD -6.0 million | USD 26.4 million | USD -1043.9 million |
N/A
N/A
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
66 out of 138 countries
(2016-2017)
Ranking: 52 / Score: 67.08 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Arabic (official), English, Baluchi, Urdu, Indian dialects
Muslim (official; majority are Ibadhi, lesser numbers of Sunni and Shia) 85.9%, Christian 6.5%, Hindu 5.5%, Buddhist 0.8%, Jewish <0.1%, other 1%, unaffiliated 0.2% (2010 est.)
Note: approximately 75% of Omani citizens, who compose almost 70% of the country's total population, are Ibadhi Muslims; the Omani government does not keep statistics on religious affiliation (2013)
1990 | 2000 | 2010 | 2016* | 2021* |
1.843 million | 2.402 million | 2.885 million | 3.957 million | 4.619 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
16% | 48% | 72% | 78% |
Total population: 91.1%
Male: 93.6%
Female: 85.6% (2015 est.)
(age 15 and over can read and write)
Political Rights: 6
Civil Liberties: 5 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 10.46% Mobile 159.86% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)