Economy of Oman. Statistics, Data and Indicators
Oman
| 78BB | Credit rank #32 |
| N/A | Quality of life # |
| 69 | Corruption rank#48 |
| 68 | Ease of doing business#77 |
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 |
