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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 17.50 17 17 17 16 16 percent
Inflation Rate 0.60 1.9 1.2 2.4 1.6 3.67 percent
Interest Rate 2.41 2 1.75 2.25 2.25 3 percent
Balance of Trade 203.90 87.34 96.43 160 114 280 OMR Million
Government Debt to GDP 31.40 28 28 28 31 36 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 0.38
0.39 0.39 0.39 0.39 0.39
Stock Market 4566.98
points
4715 4636 4558 4482 4191
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate -5.10
percent
5 5 5 4.5 3.5
GDP 66.29
USD Billion
67.35 64.97 62.6 58.3 56.2
GDP Constant Prices 27750.10
OMR Million
26764 26764 23231 26637 25127
Gross Fixed Capital Formation 7127.20
OMR Million
7484 7484 6496 7448 7026
GDP per capita 17071.00
USD
17041 16097 16097 17177 18750
GDP per capita PPP 40139.00
USD
40069 40392 36448 37769 38966
Gross National Product 25489.80
OMR Million
26764 26764 23231 26637 25127
GDP From Agriculture 529.40
OMR Million
531 531 461 529 499
GDP From Construction 2109.20
OMR Million
2399 2399 2083 2388 2253
GDP From Manufacturing 2663.40
OMR Million
2267 2267 1968 2256 2128
GDP From Mining 151.50
OMR Million
147 147 127 146 138
GDP From Public Administration 3652.10
OMR Million
3985 3985 3459 3966 3741
GDP From Services 14254.90
OMR Million
14326 14326 12435 14258 13450
GDP From Transport 1623.80
OMR Million
1496 1496 1299 1489 1405
GDP From Utilities 571.70
OMR Million
576 576 500 573 540
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 17.50
percent
17 17 17 16 16
Population 4.57
Million
4.66 4.81 4.96 5.06 6.42
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.60
percent
1.9 1.2 2.4 1.6 3.67
Consumer Price Index CPI 106.10
Index Points
106 107 108 108 114
Inflation Rate Mom -0.28
percent
0.09 0.09 0.09 0.09 0.09
Producer Prices 104.90
Index Points
127 122 118 119 134
Producer Prices Change 7.30
percent
18.2 16.2 12.1 13.29 4.2
Food Inflation -1.52
percent
1.21 1.22 1.19 1.16 1.05
CPI Housing Utilities 104.90
Index Points
106 106 107 107 113
CPI Transportation 114.10
Index Points
111 111 114 115 121
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.41
percent
2 1.75 2.25 2.25 3
Money Supply M0 1617.80
OMR Million
1620 1617 1614 1610 1576
Money Supply M1 4963.80
OMR Million
5161 5079 5086 5119 5104
Money Supply M2 16371.30
OMR Million
16127 16103 16102 16104 16104
Foreign Exchange Reserves 7131.10
OMR Million
7265 7243 7215 7187 6900
Deposit Interest Rate 3.19
percent
3.4 3.15 3.65 3.65 4.4
Loan Growth 6.00
percent
6.67 7.21 7.49 7.7 8.04
Central Bank Balance Sheet 7533.30
OMR Million
7373 7372 7711 7564 7545
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 203.90
OMR Million
87.34 96.43 160 114 280
Exports 1248.50
OMR Million
1015 1015 1370 1015 1680
Imports 1044.60
OMR Million
928 919 1210 901 1400
Current Account -4737.00
OMR Million
-3783 -3743 -3703 -3521 203
Current Account to GDP -14.30
percent
-7 -7 -7.5 -6 -9
Capital Flows 1700.00
OMR Million
1555 1769 1983 1826 -1905
Gold Reserves 0.02
Tonnes
0.02 0.02 0.02 0.02 0.02
Crude Oil Production 967.00
BBL/D/1K
970 970 971 971 971
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 371.00
thousand
300 300 300 300 300
Foreign Direct Investment 717.50
OMR Million
35.97 25.28 14.6 56.13 149
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 31.40
percent
28 28 28 31 36
Government Budget -13.00
percent of GDP
-12 -12 -12 -10 -9.8
Government Budget Value 36.20
OMR Million
-374 -267 -255 -375 -369
Government Spending 6124.80
OMR Million
6431 6431 5582 6400 6038
Government Revenues 755.20
OMR Million
676 673 670 667 656
Government Debt 132.00
OMR Million
1660 2057 2455 1858 1536
Fiscal Expenditure 719.00
OMR Million
1051 940 869 1043 1025
Military Expenditure 8417.20
USD Million
9579 9766 9953 9919 10108
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Changes in Inventories 824.80
OMR Million
304 272 241 133 34.08
Internet Speed 4927.03
KBps
4746 4737 4726 4720 4726
IP Addresses 210079.00
IP
209108 207304 206599 206831 208812
Competitiveness Index 4.31
Points
4.29 4.29 4.29 4.29 4.29
Competitiveness Rank 62.00
63 63 63 60 56
Car Registrations 4911.00
5842 5430 5171 5252 5256
Ease of Doing Business 71.00
71 71 71 71 71
Electricity Production 2018.70
Gigawatt-hour
3646 3658 2406 2225 3106
Corruption Index 44.00
Points
44 44 44 44 44
Corruption Rank 68.00
68 68 68 68 68
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Private Sector Credit 18465.50
OMR Million
18535 18608 18646 18658 18140
Gasoline Prices 0.53
USD/Liter
0.47 0.44 0.41 0.39 0.27
Consumer Confidence 78.80
Index Points
54.08 49.96 45.84 41.73 -3.54
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Mortgage Approvals 148.00
1221 1322 1248 1228 1259
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 0 5
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 1.29
mm
9.42 7.95 4.44 10.32 8.21
Temperature 22.17
celsius
30.82 31.38 23.98 21.68 27.56