Oman - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Oman including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Oman economy.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 17.50 20 20 17.55 20 16 percent
Inflation Rate 1.10 1.7 1.9 1.9 2.4 3.67 percent
Interest Rate 2.06 2 2 2 2.25 3 percent
Balance of Trade 139.60 238 281 322 167 248 OMR Million
Government Debt to GDP 31.40 28 28 28 28 36 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 0.39
0.39 0.39 0.39 0.39 0.39
Stock Market 4972.01
points
4961 4884 4808 4732 4173
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate -5.10
percent
5 5 5 5 3.5
GDP 66.29
USD Billion
66.3 64.3 62.3 60.3 45.1
GDP Constant Prices 25489.80
OMR Million
26503 26105 25708 25310 23868
Gross Fixed Capital Formation 7127.20
OMR Million
8031 7695 7359 7023 6739
GDP per capita 17071.00
USD
16975 16997 17018 16097 18750
GDP per capita PPP 40139.00
USD
39876 39912 39947 36448 38966
Gross National Product 25489.80
OMR Million
25125 24668 24210 23753 20022
GDP From Agriculture 506.00
OMR Million
487 506 524 543 679
GDP From Construction 2285.10
OMR Million
2212 2276 2340 2404 2609
GDP From Manufacturing 2159.10
OMR Million
2136 2005 1874 1744 766
GDP From Mining 139.60
OMR Million
141 141 142 143 142
GDP From Public Administration 3794.90
OMR Million
3726 3830 3935 4039 4640
GDP From Services 13644.20
OMR Million
13840 13776 13711 13647 12530
GDP From Transport 1425.00
OMR Million
1471 1446 1421 1396 1132
GDP From Utilities 548.30
OMR Million
554 561 568 575 596
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 17.50
percent
20 20 17.55 20 16
Population 4.57
Million
4.51 4.66 4.81 4.96 6.16
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.10
percent
1.7 1.9 1.9 2.4 3.67
Consumer Price Index CPI 105.40
Index Points
105 105 105 105 104
Inflation Rate Mom 0.10
percent
0.08 0.09 0.09 0.09 0.09
Producer Prices 104.90
Index Points
107 109 111 114 126
Producer Prices Change 12.90
percent
21.9 18.2 16.2 12.1 4.2
Food Inflation 1.84
percent
1.38 1.39 1.37 1.33 1.16
CPI Housing Utilities 104.50
Index Points
104 104 104 104 103
CPI Transportation 113.20
Index Points
113 112 112 112 109
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 2.06
percent
2 2 2 2.25 3
Money Supply M0 1637.50
OMR Million
1662 1662 1658 1655 1616
Money Supply M1 4940.60
OMR Million
4924 4915 4908 4900 4806
Money Supply M2 16068.80
OMR Million
16045 16022 16002 15983 15769
Foreign Exchange Reserves 6186.30
OMR Million
6171 6150 6129 6108 5873
Deposit Interest Rate 3.19
percent
2.79 3.26 3.73 4.2 5.22
Loan Growth 4.10
percent
5.14 6.56 8.1 9.56 13.84
Central Bank Balance Sheet 7178.40
OMR Million
7189 7166 7141 7117 6844
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 139.60
OMR Million
238 281 322 167 248
Exports 1056.50
OMR Million
1040 1038 1036 1370 1680
Imports 953.80
OMR Million
937 928 919 1210 1400
Current Account -4737.00
OMR Million
-3271 -2981 -2691 -2402 4346
Current Account to GDP -15.50
percent
-15 -15 -15 -15 -9
Capital Flows 1700.00
OMR Million
1077 1173 1269 1366 -949
Gold Reserves 0.02
Tonnes
0.23 0.34 0.44 0.54 1.17
Crude Oil Production 968.00
BBL/D/1K
953 950 946 943 921
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 298.00
thousand
300 300 200 300 300
Foreign Direct Investment 717.50
OMR Million
144 77.24 10.64 -55.96 255
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 31.40
percent
28 28 28 28 36
Government Budget -20.80
percent of GDP
-19.8 -19.34 -18.88 -15.4 -9.8
Government Budget Value 36.20
OMR Million
189 351 508 661 2230
Government Spending 6124.80
OMR Million
6666 6769 6871 6973 6951
Government Revenues 755.20
OMR Million
674 676 673 670 656
Government Debt 132.00
OMR Million
1262 1660 2057 2455 643
Fiscal Expenditure 719.00
OMR Million
815 790 774 762 745
Military Expenditure 9079.80
USD Million
9361 9134 8906 8679 8049
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Changes in Inventories 824.80
OMR Million
335 304 272 241 10.58
Internet Speed 4927.03
KBps
4298 4120 3967 3822 3067
IP Addresses 210079.00
IP
217067 216746 216178 215530 213386
Competitiveness Index 4.31
Points
4.32 4.32 4.32 4.32 4.66
Competitiveness Rank 62.00
63 63 63 63 56
Car Registrations 542.00
3860 3992 4385 4812 7882
Ease of Doing Business 71.00
60 56 51 46 54
Electricity Production 1883.10
Gigawatt-hour
1212 1851 2551 2597 2221
Corruption Index 45.00
Points
47 46 46 46 49
Corruption Rank 64.00
59 60 61 63 56
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Private Sector Credit 18213.40
OMR Million
18280 18316 18326 18315 17655
Gasoline Prices 0.52
USD/Liter
0.5 0.5 0.5 0.5 0.48
Consumer Confidence 78.80
Index Points
112 113 114 113 110
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Mortgage Approvals 1362.00
1271 1415 1460 1473 1477
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Sales Tax Rate 0.00
percent
0 0 0 5 5
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 1.29
mm
10.3 9.42 7.95 4.44 8.21
Temperature 22.17
celsius
21.64 30.82 31.38 23.98 27.56