Economy of Oman. Statistics, Data and Indicators
Oman
| 78BB | Credit rank #32 |
| N/A | Quality of life # |
| 49 | Corruption rank#48 |
| 68 | Ease of doing business#77 |
Oman Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 76.33 USD Billion | 2019 |
| GDP Annual Growth Rate | -6.3 % | 2020 |
| GDP per capita | 15082 USD | 2019 |
| Inflation Rate YoY | 1.65 % | May/21 |
| Interest Rate | 0.5 % | Jun/21 |
| Unemployment Rate | 5 % | 2020 |
| Balance of Trade | 151 OMR Million | 0.393 B USD | Feb/21 |
| Current Account | -1592 OMR Million | -4.14 B USD | 2019 |
| Foreign Exchange Reserves | 6947 OMR Million | 18.068 B USD | May/21 |
| Government Debt | 16373 OMR Million | 16.373 B USD | 2019 |
GDP
76.33
USD Billion
#73 from 174 countries
GDP per capita
15082
USD
#49 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 76.33 USD Billion | 2019 |
| GDP Annual Growth Rate | -6.3 % | 2020 |
| GDP per capita | 15082 USD | 2019 |
| Gross National Product | 26988 OMR Million | 70.19 USD Billion | 2019 |
| GDP Constant Prices | 28850 OMR Million | 75.033 B USD | 2019 |
| GDP per capita PPP | 27295 USD | 2019 |
| GDP From Agriculture | 691 OMR Million | 1.797 B USD | 2019 |
| GDP From Construction | 1855 OMR Million | 4.824 B USD | 2019 |
| GDP From Manufacturing | 3072 OMR Million | 7.99 B USD | 2019 |
| GDP From Mining | 126 OMR Million | 0.328 B USD | 2019 |
| GDP From Public Administration | 3575 OMR Million | 9.298 B USD | 2019 |
| GDP From Services | 14128 OMR Million | 36.744 B USD | 2019 |
| GDP From Transport | 1721 OMR Million | 4.476 B USD | 2019 |
| GDP From Utilities | 620 OMR Million | 1.612 B USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 55.9 % | 2019 |
| Government Budget Value | -62.8 OMR Million | -0.163 USD Billion | May/21 |
| Government Spending | 5825 OMR Million | 15.15 USD Billion | 2019 |
| Government Debt | 16373 OMR Million | 16.373 USD Billion | 2019 |
| Government Revenues | 951 OMR Million | 2.473 USD Billion | Apr/21 |
| Fiscal Expenditure | 1027 OMR Million | 2.671 B USD | Apr/21 |
| Government Budget to GDP | -7 % | 2019 |
| Military Expenditure | 6663 USD Million | 6.663 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 107 index points | May/21 |
| Food Inflation | -0.1 % | May/21 |
| Gasoline Prices | 0.56 USD/Liter | Jun/21 |
| Inflation Rate YoY | 1.65 % | May/21 |
| Producer Prices | 103 index points | 1Q/21 |
| Inflation Rate Mom | 0.19 % | May/21 |
| CPI Housing Utilities | 104 Index Points | May/21 |
| CPI Transportation | 115 Index Points | May/21 |
| Producer Prices Change | -13.69 % | 1Q/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.2 % | 2019 |
| Balance of Trade | 151 OMR Million | 0.393 USD Billion | Feb/21 |
| Capital Flows | 1345 OMR Million | 3.498 B USD | 2019 |
| Current Account | -1592 OMR Million | -4.14 B USD | 2019 |
| Exports | 1024 OMR Million | 2.663 USD Billion | Feb/21 |
| Foreign Exchange Reserves | 6947 OMR Million | 18.068 USD Billion | May/21 |
| Imports | 872 OMR Million | 2.268 USD Billion | Feb/21 |
| Tourist Arrivals | 6.04 Thousand Persons | 0.006 Million Persons | May/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0.02 Tonnes | 1Q/21 |
| Interest Rate | 0.5 % | Jun/21 |
| Money Supply M0 | 1746 OMR Million | 4.541 USD Billion | Apr/21 |
| Money Supply M1 | 5804 OMR Million | 15.095 USD Billion | May/21 |
| Money Supply M2 | 20279 OMR Million | 52.741 USD Billion | May/21 |
| Central Bank Balance Sheet | 7579 OMR Million | 19.711 B USD | May/21 |
| Deposit Interest Rate | 4.03 % | 2020 |
| Foreign Direct Investment | 2439 OMR Million | 6.343 B USD | 2018 |
| Private Sector Credit | 18881 OMR Million | 49.105 B USD | May/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 325 OMR/Month | 845.254 USD/Month | 2021 |
| Unemployment Rate | 5 % | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2021 |
| Personal Income Tax Rate | 0 % | 2021 |
| Sales Tax Rate | 5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 952 BBL/D/1K | Mar/21 |
| Electricity Production | 3581 GWh | Apr/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 54 index points | 2020 |
| Corruption Rank | 49 place | 2020 |
| Ease of Doing Business | 68 place | 2019 |
| Competitiveness Index | 63.61 Index Points | 2019 |
| Competitiveness Rank | 53 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 78.8 index points | 4Q/16 |
Government Debt
16.373
USD Billion
#46 from 65 countries
Balance of Trade
0.393
USD Billion
#29 from 173 countries
Gold Reserves
0.02
Tonnes
#108 from 114 countries
Foreign Exchange Reserves
18.068
USD Billion
#58 from
114 countries
Government Budget Value
-0.163
USD Billion
#76 from 113 countries
Inflation Rate
1.65
%
#151 from
174 countries
Interest Rate
0.5
%
#100 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
5
%
#20 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
