Oman | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 17.50 19 20 20 17.6 16 percent [+]
Inflation Rate 1.60 2.7 2.9 3.2 2.5 3.67 percent [+]
Interest Rate 1.74 2 2 2 1.75 3 percent [+]
Balance of Trade 37.50 102 213 260 304 248 OMR Million [+]
Government Debt to GDP 31.40 25 28 28 39.02 36 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 0.38 0.38 0.37 0.37 0.36 0.32 [+]
Stock Market 5046.11 5160 5110 5060 5000 4430 points [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate -5.10 1.8 2.1 2.1 2.1 2.5 percent [+]
GDP 66.29 60.3 58.87 57.45 56.02 45.1 USD Billion [+]
GDP Constant Prices 25489.80 25310 25188 25066 24944 23868 OMR Million [+]
Gross Fixed Capital Formation 8534.10 8376 8313 8250 8188 7089 OMR Million [+]
GDP per capita 17071.00 14814 16998 16955 16912 18750 USD [+]
GDP per capita PPP 40139.00 39982 39931 39880 39828 38966 USD [+]
Gross National Product 25489.80 23753 23418 23083 22747 20022 OMR Million [+]
GDP From Agriculture 506.00 543 555 567 579 679 OMR Million [+]
GDP From Construction 2285.10 2404 2424 2444 2464 2609 OMR Million [+]
GDP From Manufacturing 2159.10 1744 1645 1547 1449 766 OMR Million [+]
GDP From Mining 139.60 143 143 144 144 142 OMR Million [+]
GDP From Public Administration 3794.90 4039 4108 4176 4245 4640 OMR Million [+]
GDP From Services 13644.20 13647 13593 13540 13486 12530 OMR Million [+]
GDP From Transport 1425.00 1396 1369 1341 1314 1132 OMR Million [+]
GDP From Utilities 548.30 575 579 583 586 596 OMR Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 17.50 19 20 20 17.6 16 percent [+]
Population 4.57 4.96 5.07 5.17 5.28 6.16 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.60 2.7 2.9 3.2 2.5 3.67 percent [+]
Consumer Price Index CPI 105.30 106 106 106 106 105 Index Points [+]
Producer Prices 107.40 119 124 129 132 132 Index Points [+]
Producer Prices Change 19.70 24.2 21.9 18.2 16.2 4.2 percent [+]
Inflation Rate Mom 0.23 0.07 0.1 0.09 0.09 0.09 percent [+]
Food Inflation 1.80 1.22 1.28 1.27 1.22 1.08 percent [+]
CPI Housing Utilities 104.30 104 104 104 104 103 Index Points [+]
CPI Transportation 109.60 109 109 108 108 106 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 1.74 2 2 2 1.75 3 percent [+]
Money Supply M0 1829.70 1761 1765 1762 1759 1732 OMR Million [+]
Money Supply M1 5124.50 5059 5046 5039 5031 4961 OMR Million [+]
Money Supply M2 16129.40 16135 16133 16120 16103 15942 OMR Million [+]
Foreign Exchange Reserves 6731.40 6688 6662 6637 6613 6404 OMR Million [+]
Deposit Interest Rate 3.19 4.2 4.34 4.49 4.63 5.22 percent [+]
Loan Growth 3.20 4.58 6.18 7.91 9.52 14.14 percent [+]
Central Bank Balance Sheet 7411.80 7351 7324 7298 7272 7052 OMR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 37.50 102 213 260 304 248 OMR Million [+]
Exports 1036.50 1200 1039 1038 1036 1680 OMR Million [+]
Imports 999.00 1100 791 784 777 1400 OMR Million [+]
Current Account -4737.00 -2402 -1880 -1357 -835 4346 OMR Million [+]
Current Account to GDP -15.40 -17 -15 -15 -0.55 -9 percent [+]
Capital Flows 1700.00 1366 1253 1141 1029 -949 OMR Million [+]
Gold Reserves 0.02 0.35 0.46 0.56 0.66 1.32 Tonnes [+]
Crude Oil Production 968.00 957 953 950 946 921 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 427.00 200 300 200 300 200 thousand [+]
Foreign Direct Investment 717.50 -55.96 27.82 112 195 255 OMR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 31.40 25 28 28 39.02 36 percent [+]
Government Budget -20.80 -16.2 -17.38 -16.35 -15.31 -9.8 percent of GDP [+]
Government Budget Value -191.00 49.24 215 378 536 1794 OMR Million [+]
Government Spending 6714.50 7285 7355 7425 7495 8961 OMR Million [+]
Government Revenues 664.80 676 675 671 669 657 OMR Million [+]
Government Debt 132.00 2455 1858 1262 665 643 OMR Million [+]
Fiscal Expenditure 855.80 835 795 775 762 742 OMR Million [+]
Military Expenditure 9079.80 8679 8623 8567 8511 8049 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories 552.40 -114 -93.96 -74 -54.03 -75.76 OMR Million [+]
Competitiveness Index 4.31 4.32 4.32 4.32 4.32 4.58 Points [+]
Competitiveness Rank 62.00 63 63 63 63 58 [+]
Car Registrations 5449.00 7099 7689 8051 8338 9510 [+]
Ease of Doing Business 66.00 48 46 44 41 59 [+]
Electricity Production 3709.90 1941 1509 1970 2430 2189 Gigawatt-hour [+]
Corruption Index 45.00 46 46 47 47 49 Points [+]
Corruption Rank 64.00 63 62 61 61 56 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Private Sector Credit 18145.50 18325 18398 18437 18448 18023 OMR Million [+]
Gasoline Prices 0.48 0.47 0.46 0.46 0.46 0.44 USD/Liter [+]
Consumer Confidence 78.80 109 112 113 114 110 [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Mortgage Approvals 1145.00 1370 1479 1504 1503 1498 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 15.00 15 15 15 12.02 15 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Sales Tax Rate 0.00 0 0 0 0 5 percent [+]