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 7.20 7.5 7.5 7.5 7.6 7.8 percent [+]
Inflation Rate 2.82 2.1 2.3 2.7 3.2 3.67 percent [+]
Interest Rate 1.48 1.25 1.5 1.75 1.75 3.5 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 5466.61 5540 5480 5320 5370 4480 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 -14.10 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 27566.60 26977 27471 27966 28098 29217 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 25960.30 29757 28928 28099 28107 29012 OMR Million [+]
GDP From Agriculture 427.40 441 446 450 456 533 OMR Million [+]
GDP From Construction 2230.00 2283 2312 2340 2356 2423 OMR Million [+]
GDP From Manufacturing 2939.60 3131 3067 3002 3002 3001 OMR Million [+]
GDP From Mining 141.70 144 147 150 153 194 OMR Million [+]
GDP From Public Administration 3304.00 3482 3476 3469 3506 3967 OMR Million [+]
GDP From Services 13215.90 13705 13753 13801 13816 13293 OMR Million [+]
GDP From Transport 1636.50 1681 1696 1711 1729 2006 OMR Million [+]
GDP From Utilities 417.60 414 423 431 435 501 OMR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.20 7.5 7.5 7.5 7.6 7.8 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 2.82 2.1 2.3 2.7 3.2 3.67 percent [+]
Consumer Price Index CPI 105.00 106 106 107 107 107 Index Points [+]
Producer Prices 97.70 99.98 101 101 102 103 Index Points [+]
Producer Prices Change -4.90 -1.18 -5.97 -8.96 -14.4 -13.08 percent [+]
Inflation Rate Mom 0.11 0.1 0.09 0.1 0.1 0.1 percent [+]
Food Inflation 0.40 -1.2 -0.83 -0.68 -0.91 -0.81 percent [+]
Cpi Transportation 112.60 114 115 115 116 117 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.48 1.25 1.5 1.75 1.75 3.5 percent [+]
Money Supply M0 1626.50 1621 1621 1621 1621 1621 OMR Million [+]
Money Supply M1 5000.30 5040 5063 5087 5109 5314 OMR Million [+]
Money Supply M2 15813.30 16034 16207 16376 16542 18130 OMR Million [+]
Foreign Exchange Reserves 7206.50 7207 7197 7198 7198 7198 OMR Million [+]
Deposit Interest Rate 1.90 1.98 1.96 1.93 1.96 2.24 percent [+]
Loan Growth 5.10 3.53 2.74 2.26 1.92 1.32 percent [+]
Central Bank Balance Sheet 8205.30 8105 8127 8117 8120 8119 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 1007.00 1005 1005 1005 1005 1005 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 249.00 233 237 241 241 240 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 -326.10 -364 -366 -365 -365 -365 OMR Million [+]
Government Spending 6714.50 9302 9563 9824 10618 24379 OMR Million [+]
Government Revenues 657.20 630 625 626 626 626 OMR Million [+]
Government Debt 2481.30 1923 2036 2149 2305 2749 OMR Million [+]
Fiscal Expenditure 883.30 843 872 867 869 868 OMR Million [+]
Military Expenditure 9842.80 10396 10791 11186 11530 13331 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 [+]
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 6021.00 6103 6139 6148 6149 6149 [+]
Ease of Doing Business 66.00 65 65 64 64 63 [+]
Electricity Production 2132.20 1960 2150 2227 2169 2130 Gigawatt-hour [+]
Corruption Index 45.00 43 43 43 42 39 Points [+]
Corruption Rank 64.00 63 65 67 66 65 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Private Sector Credit 17763.60 18069 18283 18486 18678 20226 OMR Million [+]
Gasoline Prices 0.48 0.48 0.49 0.5 0.51 0.54 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 2127.00 2121 1865 1798 1866 1880 [+]
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 [+]