
Trade Finance In Wartime
The huge drop-off in trade involving Russia and Ukraine has hit trade finance hard.
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.
The Gulf country seeks to grow its economy beyond hydrocarbons.
Intl$ 198.5 billion (2018, estimate)
2014 | 2015 | 2016 | 2017* | 2018* |
1.4% | 4.7% | 5.0% | -0.9% | 2.1% |
*Estimate
(2016 estimate)
2014 | 2015 | 2016 | 2017* | 2018* |
0.1% | 1.1% | 1.6% | 0.9% | 0.8% |
*Estimate
2014 | 2015 | 2016 | 2017* | 2018* |
15.5% | 32.7% | 46.4% | 53.4% | 59.9% |
*Estimate
2014 | 2015 | 2016 | 2017* | 2018* |
-15.9% | -21.3% | -14.0% | -7.9% | -6.7% |
*Estimate
Standard & Poor's: BB
Moody's: Ba1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
2016 | 2017 | 2018 |
USD 23.3 billion | USD 21.3 billion | USD 18.8 billion |
-5.5 % (2018 estimate)
60.2% (2018)
0.24% (2018)
0.07% (2017)
Petroleum, reexports, fish, metals, textiles
Machinery and transport equipment, manufactured goods, food, livestock, lubricants
China 43.7%, UAE 11%, South Korea 7.9%, Saudi Arabia 4.2% (2017)
UAE 35.5%, US 27.8%, Brazil 4% (2017)
2016 | 2017 | 2018 |
USD 2,265 million | USD 2,918 million | USD 4,191 million |
2016 | 2017 | 2018 |
USD 356 million | USD 2,424 million | USD 567 million |
2015 | 2016 | 2017 | 2018 |
USD -1,044 million | USD -105 million | USD 1,350 million | USD 78 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: 68 out of 190 countries (2019)
Subcategories:
Starting a Business: 32 out of 190 countries
Dealing with Construction Permits: 47 out of 190 countries
Getting Electricity: 35 out of 190 countries
Registering Property: 52 out of 190 countries
Getting Credit: 144 out of 190 countries
Protecting Minority Investors: 88 out of 190 countries
Paying Taxes: 11 out of 190 countries
Trading across Borders: 64 out of 190 countries
Enforcing Contracts: 69 out of 190 countries
Resolving Insolvency: 97 out of 190 countries
53 out of 141 countries
(2019)
Ranking: 88 / Score: 61 (Moderately free) (2019)
(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)