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 | 76.98 USD Billion | 2019 |
| GDP Annual Growth Rate | -0.8 % | 2019 |
| GDP per capita | 14993 USD | 2019 |
| Inflation Rate YoY | -0.37 % | Mar/21 |
| Interest Rate | 0.5 % | Feb/21 |
| Unemployment Rate | 5 % | 2020 |
| Balance of Trade | 313 OMR Million | 0.814 B USD | Sep/20 |
| Current Account | -1592 OMR Million | -4.14 B USD | 2019 |
| Foreign Exchange Reserves | 6848 OMR Million | 17.81 B USD | Feb/21 |
| Government Debt | 16373 OMR Million | 16.373 B USD | 2019 |
GDP
76.98
USD Billion
#73 from 174 countries
GDP per capita
14993
USD
#49 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 76.98 USD Billion | 2019 |
| GDP Annual Growth Rate | -0.8 % | 2019 |
| GDP per capita | 14993 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 | 27896 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 | -340 OMR Million | -0.884 USD Billion | Nov/20 |
| Government Spending | 5825 OMR Million | 15.15 USD Billion | 2019 |
| Government Debt | 16373 OMR Million | 16.373 USD Billion | 2019 |
| Government Revenues | 423 OMR Million | 1.1 USD Billion | Nov/20 |
| Fiscal Expenditure | 763 OMR Million | 1.984 B USD | Nov/20 |
| Government Budget to GDP | -7 % | 2019 |
| Military Expenditure | 6676 USD Million | 6.676 B USD | 2019 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 104 index points | Feb/21 |
| Food Inflation | -0.75 % | Jan/21 |
| Gasoline Prices | 0.54 USD/Liter | Mar/21 |
| Inflation Rate YoY | -0.37 % | Mar/21 |
| Producer Prices | 91.9 index points | 4Q/20 |
| Inflation Rate Mom | 0.5 % | Mar/21 |
| CPI Housing Utilities | 104 Index Points | Feb/21 |
| CPI Transportation | 106 Index Points | Feb/21 |
| Producer Prices Change | -22.8 % | 4Q/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.2 % | 2019 |
| Balance of Trade | 313 OMR Million | 0.814 USD Billion | Sep/20 |
| Capital Flows | 1345 OMR Million | 3.498 B USD | 2019 |
| Current Account | -1592 OMR Million | -4.14 B USD | 2019 |
| Exports | 991 OMR Million | 2.577 USD Billion | Sep/20 |
| Foreign Exchange Reserves | 6848 OMR Million | 17.81 USD Billion | Feb/21 |
| Imports | 678 OMR Million | 1.763 USD Billion | Sep/20 |
| Tourist Arrivals | 22.93 Thousand Persons | 0.023 Million Persons | Feb/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 4Q/20 |
| Interest Rate | 0.5 % | Feb/21 |
| Money Supply M0 | 1721 OMR Million | 4.476 USD Billion | Feb/21 |
| Money Supply M1 | 5720 OMR Million | 14.876 USD Billion | Feb/21 |
| Money Supply M2 | 19874 OMR Million | 51.688 USD Billion | Feb/21 |
| Central Bank Balance Sheet | 7494 OMR Million | 19.49 B USD | Feb/21 |
| Deposit Interest Rate | 4.03 % | 2020 |
| Foreign Direct Investment | 2439 OMR Million | 6.343 B USD | 2018 |
| Private Sector Credit | 18999 OMR Million | 49.412 B USD | Feb/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 % | 2020 |
| Personal Income Tax Rate | 0 % | 2021 |
| Sales Tax Rate | 5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 945 BBL/D/1K | Dec/20 |
| Electricity Production | 2036 GWh | Jan/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
0.814
USD Billion
#29 from 173 countries
Gold Reserves
0
Tonnes
#108 from 114 countries
Foreign Exchange Reserves
17.81
USD Billion
#58 from
114 countries
Government Budget Value
-0.884
USD Billion
#76 from 113 countries
Inflation Rate
-0.37
%
#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
