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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 17.50 19 19 19 20 16 percent [+]
Inflation Rate 2.00 2.1 2.3 2.7 3.2 3.67 percent [+]
Interest Rate 1.55 1.75 1.75 2 2 3 percent [+]
Balance of Trade 205.90 49 299 102 301 248 OMR Million [+]
Government Debt to GDP 9.20 25 25 25 9.72 36 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Stock Market 5118.31 5200 5140 4990 5040 4200 points [+]
Currency 0.38 0.38 0.39 0.4 0.4 0.46 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -5.10 1.7 1.7 1.8 2.1 2.5 percent [+]
GDP 69.83 79.56 77.04 74.53 74.28 73.88 USD Billion [+]
GDP Constant Prices 25489.80 26369 25974 25580 25536 25243 OMR Million [+]
Gross Fixed Capital Formation 8534.10 8493 8435 8376 8313 7089 OMR Million [+]
GDP per capita 15965.90 15811 16041 14814 16211 18750 USD [+]
GDP per capita PPP 37541.08 37728 37845 37961 38139 38966 USD [+]
Gross National Product 25489.80 26073 25682 25290 25280 24853 OMR Million [+]
GDP From Agriculture 506.00 506 524 543 555 679 OMR Million [+]
GDP From Construction 2285.10 2320 2350 2381 2408 2761 OMR Million [+]
GDP From Manufacturing 2159.10 2143 2013 1884 1846 1639 OMR Million [+]
GDP From Mining 139.60 143 144 145 147 161 OMR Million [+]
GDP From Public Administration 3794.90 3880 4004 4128 4207 5019 OMR Million [+]
GDP From Services 13644.20 14008 13901 13794 13902 14994 OMR Million [+]
GDP From Transport 1425.00 1530 1514 1498 1491 1520 OMR Million [+]
GDP From Utilities 548.30 762 773 784 809 1138 OMR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 17.50 19 19 19 20 16 percent [+]
Population 4.57 4.66 4.81 4.96 5.07 6.16 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.00 2.1 2.3 2.7 3.2 3.67 percent [+]
Consumer Price Index CPI 104.70 105 105 105 105 105 Index Points [+]
Producer Prices 102.30 105 106 107 108 109 Index Points [+]
Producer Prices Change 15.30 22.56 30.02 28.51 21.97 16.11 percent [+]
Inflation Rate Mom -0.20 0.1 0.09 0.09 0.09 0.09 percent [+]
Food Inflation -0.20 -1.03 -0.42 -0.51 -0.59 -0.54 percent [+]
Cpi Housing Utilities 104.50 105 105 105 105 105 Index Points [+]
Cpi Transportation 111.30 113 113 114 114 114 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.55 1.75 1.75 2 2 3 percent [+]
Money Supply M0 1652.60 1644 1644 1645 1645 1645 OMR Million [+]
Money Supply M1 5128.30 5164 5215 5261 5307 5759 OMR Million [+]
Money Supply M2 16002.10 16185 16393 16595 16793 18753 OMR Million [+]
Foreign Exchange Reserves 7775.80 7789 7757 7762 7762 7762 OMR Million [+]
Deposit Interest Rate 1.90 1.98 1.96 1.93 1.96 2.24 percent [+]
Loan Growth 3.50 1.34 -0.3 -1.3 -1.98 -3.17 percent [+]
Central Bank Balance Sheet 8399.90 8456 8440 8451 8445 8447 OMR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 205.90 49 299 102 301 248 OMR Million [+]
Exports 946.90 1030 949 1200 949 1680 OMR Million [+]
Imports 741.00 980 788 1100 789 1400 OMR Million [+]
Current Account -4155.00 -983 -2297 -3610 -3629 -3678 OMR Million [+]
Current Account to GDP -15.40 1.46 -1.21 -3.9 -2.37 -2.44 percent [+]
Capital Flows 4741.00 2606 2782 2959 3418 4894 OMR Million [+]
Gold Reserves 0.02 0.02 0.02 0.02 0.02 0.02 Tonnes [+]
Crude Oil Production 973.00 980 980 979 979 979 BBL/D/1K [+]
Foreign Direct Investment -1035.00 -281 -683 -1085 -1017 -452 OMR Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 299.00 248 261 254 265 262 thousand [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 9.20 25 25 25 9.72 36 percent [+]
Government Budget -17.10 -16.2 -14.71 -16.2 -17.06 -9.8 percent of GDP [+]
Government Budget Value -556.70 -527 -532 -532 -532 -532 OMR Million [+]
Government Spending 6714.50 9302 9563 9824 10618 24379 OMR Million [+]
Government Revenues 886.40 719 705 706 705 705 OMR Million [+]
Government Debt 2481.30 1923 2036 2149 2305 2749 OMR Million [+]
Fiscal Expenditure 964.90 853 904 892 895 895 OMR Million [+]
Military Expenditure 9079.80 9588 9777 9966 9930 10150 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories 552.40 -1269 -1475 -1681 -1631 -2335 OMR Million [+]
Ease of Doing Business 66.00 65 65 64 64 63 [+]
Electricity Production 2524.60 2669 2280 1973 2012 2164 Gigawatt-hour [+]
Corruption Index 45.00 43 43 43 42 39 Points [+]
Corruption Rank 64.00 63 65 67 66 65 [+]
Competitiveness Index 4.28 4.27 4.27 4.27 4.37 4.64 Points [+]
Competitiveness Rank 66.00 68 68 68 65 65 [+]
Car Registrations 5718.00 5895 5883 5877 5876 5876 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Private Sector Credit 17821.70 18039 18242 18435 18617 20073 OMR Million [+]
Gasoline Prices 0.48 0.49 0.5 0.51 0.52 0.57 USD/Liter [+]
Consumer Confidence 78.80 70.55 66.43 62.31 58.18 12.86 [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Mortgage Approvals 1902.00 2022 1809 1779 1838 1844 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 15.00 15 15 15 15 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 [+]