Economy of Oman. Statistics, Data and Indicators
Oman
| 78BB | Credit rank #32 |
| N/A | Quality of life # |
| 56 | Corruption rank#48 |
| 68 | Ease of doing business#77 |
Oman Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 79.5 USD Billion | 2019 |
| GDP Annual Growth Rate | 2.2 % | 2018 |
| GDP per capita | 15664 USD | 2018 |
| Inflation Rate YoY | -0.29 % | Mar/20 |
| Interest Rate | 2.15 % | Feb/20 |
| Unemployment Rate | 3.1 % | 2019 |
| Balance of Trade | 465 OMR Million | 1.207 B USD | Dec/19 |
| Current Account | -1671 OMR Million | -4.338 B USD | 2018 |
| Foreign Exchange Reserves | 6112 OMR Million | 15.867 B USD | Feb/20 |
| Government Debt | 14492 OMR Million | 14.492 B USD | 2018 |
GDP
79.5
USD Billion
#73 from 174 countries
GDP per capita
15664
USD
#49 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 79.5 USD Billion | 2019 |
| GDP Annual Growth Rate | 2.2 % | 2018 |
| GDP per capita | 15664 USD | 2018 |
| Gross National Product | 28452 OMR Million | 73.863 USD Billion | 2018 |
| GDP Constant Prices | 29334 OMR Million | 76.153 B USD | 2018 |
| GDP per capita PPP | 36831 USD | 2018 |
| GDP From Agriculture | 670 OMR Million | 1.739 B USD | 2018 |
| GDP From Construction | 1986 OMR Million | 5.156 B USD | 2018 |
| GDP From Manufacturing | 3011 OMR Million | 7.817 B USD | 2018 |
| GDP From Mining | 171 OMR Million | 0.444 B USD | 2018 |
| GDP From Public Administration | 3576 OMR Million | 9.283 B USD | 2018 |
| GDP From Services | 14438 OMR Million | 37.482 B USD | 2018 |
| GDP From Transport | 1649 OMR Million | 4.281 B USD | 2018 |
| GDP From Utilities | 567 OMR Million | 1.472 B USD | 2018 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 47.5 % | 2018 |
| Government Budget Value | -757 OMR Million | -1.965 USD Billion | Dec/19 |
| Government Spending | 5649 OMR Million | 14.665 USD Billion | 2018 |
| Government Debt | 14492 OMR Million | 14.492 USD Billion | 2018 |
| Government Revenues | 947 OMR Million | 2.458 USD Billion | Dec/19 |
| Fiscal Expenditure | 1703 OMR Million | 4.421 B USD | Dec/19 |
| Government Budget to GDP | -9 % | 2018 |
| Military Expenditure | 6611 USD Million | 6.611 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 106 index points | Feb/20 |
| Food Inflation | 2.25 % | Feb/20 |
| Gasoline Prices | 0.52 USD/Liter | Mar/20 |
| Inflation Rate YoY | -0.29 % | Mar/20 |
| Producer Prices | 119 index points | 4Q/19 |
| Inflation Rate Mom | -0.51 % | Mar/20 |
| CPI Housing Utilities | 104 Index Points | Feb/20 |
| CPI Transportation | 112 Index Points | Feb/20 |
| Producer Prices Change | -12.3 % | 4Q/19 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.5 % | 2018 |
| Balance of Trade | 465 OMR Million | 1.207 USD Billion | Dec/19 |
| Capital Flows | 2949 OMR Million | 7.656 B USD | 2018 |
| Current Account | -1671 OMR Million | -4.338 B USD | 2018 |
| Exports | 1285 OMR Million | 3.336 USD Billion | Dec/19 |
| Foreign Exchange Reserves | 6112 OMR Million | 15.867 USD Billion | Feb/20 |
| Imports | 820 OMR Million | 2.129 USD Billion | Dec/19 |
| Tourist Arrivals | 392 Thousand Persons | 0.392 Million Persons | Dec/19 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0.02 Tonnes | 2Q/19 |
| Interest Rate | 2.15 % | Feb/20 |
| Money Supply M0 | 1602 OMR Million | 4.159 USD Billion | Feb/20 |
| Money Supply M1 | 5228 OMR Million | 13.572 USD Billion | Feb/20 |
| Money Supply M2 | 18009 OMR Million | 46.752 USD Billion | Feb/20 |
| Central Bank Balance Sheet | 7211 OMR Million | 18.72 B USD | Jan/20 |
| Deposit Interest Rate | 3.45 % | 2017 |
| Foreign Direct Investment | 2439 OMR Million | 6.332 B USD | 2018 |
| Private Sector Credit | 18958 OMR Million | 49.216 B USD | Jan/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 400 OMR/Month | 1038.422 USD/Month | 2018 |
| Unemployment Rate | 3.1 % | 2019 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2020 |
| Personal Income Tax Rate | 0 % | 2019 |
| Sales Tax Rate | 0 % | 2019 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 970 BBL/D/1K | Dec/19 |
| Electricity Production | 1947 GWh | Jan/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 52 index points | 2019 |
| Corruption Rank | 56 place | 2019 |
| 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
14.492
USD Billion
#46 from 65 countries
Balance of Trade
1.207
USD Billion
#29 from 173 countries
Gold Reserves
0.02
Tonnes
#108 from 114 countries
Foreign Exchange Reserves
15.867
USD Billion
#58 from
114 countries
Government Budget Value
-1.965
USD Billion
#76 from 113 countries
Inflation Rate
-0.29
%
#151 from
174 countries
Interest Rate
2.15
%
#100 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
3.1
%
#20 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
