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Economy of Oman. Statistics, Data and Indicators

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Oman
78BB Credit rank #32
N/A Quality of life #
69 Corruption rank#48
68 Ease of doing business#77
Oman


Oman Major Economic Indicators

Indicator Data Period
GDP Value 88.19 USD Billion 2021
GDP Annual Growth Rate 2.1 % 2021
GDP per capita 18301 USD 2021
Inflation Rate YoY 1.98 % Dec/22
Interest Rate 4.5 % Dec/22
Unemployment Rate 3.1 % 2021
Balance of Trade 1091 OMR Million | 2.837 B USD Sep/22
Current Account -1649 OMR Million | -4.289 B USD 2021
Foreign Exchange Reserves 6334 OMR Million | 16.473 B USD Nov/22
Government Debt 18756 OMR Million | 18.756 B USD 2020


GDP Indicators

Indicator Data Period
GDP Value 88.19 USD Billion 2021
GDP Annual Growth Rate 2.1 % 2021
GDP per capita 18301 USD 2021
Gross National Product 31606 OMR Million | 82.2 USD Billion 2021
GDP Constant Prices 34650 OMR Million | 90.117 B USD 2021
GDP per capita PPP 34295 USD 2021
GDP From Agriculture  719 OMR Million | 1.87 B USD 2021
GDP From Construction  2660 OMR Million | 6.918 B USD 2021
GDP From Manufacturing  3094 OMR Million | 8.047 B USD 2021
GDP From Mining  218 OMR Million | 0.567 B USD 2021
GDP From Public Administration  3442 OMR Million | 8.952 B USD 2021
GDP From Services  17133 OMR Million | 44.559 B USD 2021
GDP From Transport  1299 OMR Million | 3.378 B USD 2021
GDP From Utilities  910 OMR Million | 2.367 B USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 67.7 % 2020
Government Budget Value 85 OMR Million | 0.221 USD Billion Oct/22
Government Spending 6741 OMR Million | 17.532 USD Billion 2021
Government Debt 18756 OMR Million | 18.756 USD Billion 2020
Government Revenues 1295 OMR Million | 3.368 USD Billion Oct/22
Fiscal Expenditure  1210 OMR Million | 3.147 B USD Oct/22
Government Budget to GDP -2.6 % 2021
Military Expenditure 5784 USD Million | 5.784 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 110 index points Dec/22
Food Inflation 5.04 % Dec/22
Gasoline Prices 0.61 USD/Liter Jan/23
Inflation Rate YoY 1.98 % Dec/22
Producer Prices 180 index points 3Q/22
Inflation Rate Mom -0.09 % Dec/22
CPI Housing Utilities 106 Index Points Dec/22
CPI Transportation 118 Index Points Dec/22
Producer Prices Change  36.61 % 3Q/22


Trade Indicators

Indicator Data Period
Current Account to GDP -5 % 2021
Balance of Trade 1091 OMR Million | 2.837 USD Billion Sep/22
Capital Flows -1968 OMR Million | -5.118 B USD 2021
Current Account -1649 OMR Million | -4.289 B USD 2021
Exports 2124 OMR Million | 5.524 USD Billion Oct/22
Foreign Exchange Reserves 6334 OMR Million | 16.473 USD Billion Nov/22
Imports 1327 OMR Million | 3.451 USD Billion Oct/22
Tourist Arrivals 73 Thousand Persons | 0.073 Million Persons Nov/22


Money Indicators

Indicator Data Period
Gold Reserves 0.02 Tonnes 3Q/22
Interest Rate 4.5 % Dec/22
Money Supply M0 1647 OMR Million | 4.283 USD Billion Nov/22
Money Supply M1 5628 OMR Million | 14.637 USD Billion Nov/22
Money Supply M2 20289 OMR Million | 52.767 USD Billion Nov/22
Central Bank Balance Sheet 6749 OMR Million | 17.553 B USD Nov/22
Deposit Interest Rate 4.15 % 2021
Foreign Direct Investment 1100 OMR Million | 2.861 B USD 2020
Private Sector Credit  19478 OMR Million | 50.658 B USD Nov/22


Labor Indicators

Indicator Data Period
Minimum Wages 325 OMR/Month | 845.254 USD/Month 2022
Unemployment Rate 3.1 % 2021


Taxes

Indicator Data Period
Corporate Tax Rate 15 % 2022
Personal Income Tax Rate 0 % 2022
Sales Tax Rate 5 % 2022


Production Indicators

Indicator Data Period
Crude Oil Production 1091 BBL/D/1K Sep/22
Electricity Production 3130 GWh Nov/22


Business Indicators

Indicator Data Period
Corruption Index 44 index points 2022
Corruption Rank 69 place 2022
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