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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 17.50 19 19 20 20 16 percent [+]
Inflation Rate 1.00 2.3 2.7 2.9 3.2 3.67 percent [+]
Interest Rate 1.70 1.75 2 2 2 3 percent [+]
Balance of Trade 37.50 299 102 301 299 248 OMR Million [+]
Government Debt to GDP 9.20 25 25 28 28 36 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 0.38 0.38 0.37 0.37 0.36 0.32 [+]
Stock Market 5100.44 5050 5000 4940 4890 4330 points [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate -5.10 1.7 1.8 2.1 2.1 2.5 percent [+]
GDP 66.29 64.94 62.52 62.17 61.83 58.13 USD Billion [+]
GDP Constant Prices 25489.80 25974 25580 25536 25491 25243 OMR Million [+]
Gross Fixed Capital Formation 8534.10 8435 8376 8313 8250 7089 OMR Million [+]
GDP per capita 17071.00 17249 14814 17395 17323 18750 USD [+]
GDP per capita PPP 40139.00 40392 40715 40618 40520 38966 USD [+]
Gross National Product 25489.80 25682 25290 25280 25270 24853 OMR Million [+]
GDP From Agriculture 506.00 524 543 555 567 679 OMR Million [+]
GDP From Construction 2285.10 2350 2381 2408 2436 2761 OMR Million [+]
GDP From Manufacturing 2159.10 2013 1884 1846 1808 1639 OMR Million [+]
GDP From Mining 139.60 144 145 147 148 161 OMR Million [+]
GDP From Public Administration 3794.90 4004 4128 4207 4286 5019 OMR Million [+]
GDP From Services 13644.20 13901 13794 13902 14010 14994 OMR Million [+]
GDP From Transport 1425.00 1514 1498 1491 1485 1520 OMR Million [+]
GDP From Utilities 548.30 773 784 809 834 1138 OMR Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 17.50 19 19 20 20 16 percent [+]
Population 4.57 4.81 4.96 5.07 5.17 6.16 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.00 2.3 2.7 2.9 3.2 3.67 percent [+]
Consumer Price Index CPI 105.10 105 104 104 104 104 Index Points [+]
Producer Prices 107.40 106 107 108 108 109 Index Points [+]
Producer Prices Change 19.70 28.5 24.2 21.9 18.2 4.2 percent [+]
Inflation Rate Mom 0.30 0.17 0.08 0.09 0.09 0.09 percent [+]
Food Inflation 0.89 0.39 0.55 0.53 0.52 0.52 percent [+]
CPI Housing Utilities 104.30 104 104 104 104 104 Index Points [+]
CPI Transportation 108.70 110 109 109 109 109 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 1.70 1.75 2 2 2 3 percent [+]
Money Supply M0 1659.50 1675 1675 1675 1675 1675 OMR Million [+]
Money Supply M1 5067.50 5292 5350 5405 5459 5966 OMR Million [+]
Money Supply M2 15969.60 16394 16596 16795 16990 18758 OMR Million [+]
Foreign Exchange Reserves 7227.40 6734 6786 6780 6778 6778 OMR Million [+]
Deposit Interest Rate 3.19 3.39 3.82 3.84 3.87 3.61 percent [+]
Loan Growth 3.50 1.82 1.31 0.99 0.79 0.44 percent [+]
Central Bank Balance Sheet 7602.30 7412 7403 7411 7407 7408 OMR Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 37.50 299 102 301 299 248 OMR Million [+]
Exports 1036.50 1018 1200 1011 1011 1680 OMR Million [+]
Imports 999.00 782 1100 820 812 1400 OMR Million [+]
Current Account -4737.00 -2691 -2402 -1880 -1357 4346 OMR Million [+]
Current Account to GDP -15.40 -17 -17 -15 -15 -9 percent [+]
Capital Flows 1700.00 1269 1366 1253 1141 -949 OMR Million [+]
Gold Reserves 0.02 0.02 0.02 0.02 0.02 0.02 Tonnes [+]
Crude Oil Production 968.00 977 976 976 976 976 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 278.00 200 200 300 200 200 thousand [+]
Foreign Direct Investment 717.50 25.2 14.48 56.05 97.61 151 OMR Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 9.20 25 25 28 28 36 percent [+]
Government Budget -17.10 -14.71 -16.2 -17.06 -16.06 -9.8 percent of GDP [+]
Government Budget Value -152.20 -283 -282 -282 -282 -282 OMR Million [+]
Government Spending 6714.50 9563 9824 10618 11411 24379 OMR Million [+]
Government Revenues 694.00 721 721 721 721 721 OMR Million [+]
Government Debt 132.00 2057 2455 1858 1262 643 OMR Million [+]
Fiscal Expenditure 846.20 916 911 915 914 914 OMR Million [+]
Military Expenditure 9079.80 9777 9966 9930 9894 10150 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Changes in Inventories 552.40 -1475 -1681 -1631 -1581 -2335 OMR Million [+]
Competitiveness Index 4.28 4.27 4.27 4.35 4.37 4.64 Points [+]
Competitiveness Rank 66.00 68 68 66 65 65 [+]
Car Registrations 7198.00 6235 6222 6216 6214 6214 [+]
Ease of Doing Business 66.00 65 64 64 64 63 [+]
Electricity Production 3963.80 2984 1735 1585 2134 2199 Gigawatt-hour [+]
Corruption Index 45.00 43 43 42 42 39 Points [+]
Corruption Rank 64.00 65 67 66 66 65 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Private Sector Credit 18057.80 18088 18235 18374 18505 19451 OMR Million [+]
Gasoline Prices 0.46 0.46 0.46 0.46 0.46 0.46 USD/Liter [+]
Consumer Confidence 78.80 66.43 62.31 58.18 54.06 12.86 [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Mortgage Approvals 1638.00 1277 1632 1645 1536 1555 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 [+]