Oman | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.20 7.6 7.5 7.5 7.5 7.8 percent [+]
Inflation Rate 2.04 1.6 1.8 2.1 2.3 3.67 percent [+]
Interest Rate 1.00 1 1 1 1 4 percent [+]
Balance of Trade 30.50 -166 49 49 14.05 248 OMR Million [+]
Government Debt to GDP 9.20 21 25 25 25 36 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 0.38 0.38 0.39 0.39 0.4 0.46 [+]
Stock Market 5667.58 5440 5390 5330 5280 4400 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate -14.10 -1.9 1.7 1.7 1.7 2.5 percent [+]
GDP 70.25 75.94 75.65 75.35 75.05 75.51 USD Billion [+]
GDP Constant Prices 27566.60 28300 28492 28684 28877 31269 OMR Million [+]
Gross Fixed Capital Formation 8534.10 9392 9587 9782 9976 11286 OMR Million [+]
GDP per capita 15305.67 15028 14949 14871 14792 18750 USD [+]
GDP per capita PPP 35982.75 35388 35279 35169 35060 38966 USD [+]
Gross National Product 25960.30 31150 31371 31593 31814 35698 OMR Million [+]
GDP From Agriculture 427.40 468 476 485 494 621 OMR Million [+]
GDP From Construction 2230.00 2340 2356 2372 2388 2423 OMR Million [+]
GDP From Manufacturing 2939.60 3002 3002 3001 3000 3001 OMR Million [+]
GDP From Mining 141.70 150 153 156 159 194 OMR Million [+]
GDP From Public Administration 3304.00 3469 3506 3543 3580 3967 OMR Million [+]
GDP From Services 13215.90 13801 13816 13832 13848 13293 OMR Million [+]
GDP From Transport 1636.50 1813 1845 1877 1909 2376 OMR Million [+]
GDP From Utilities 417.60 431 435 439 443 501 OMR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.20 7.6 7.5 7.5 7.5 7.8 percent [+]
Population 4.15 4.26 4.26 4.26 4.27 3.85 Million [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 2.04 1.6 1.8 2.1 2.3 3.67 percent [+]
Consumer Price Index CPI 104.10 104 105 105 105 107 Index Points [+]
Producer Prices 89.70 83.61 81.75 80.53 79.43 76.04 Index Points [+]
Producer Prices Change -19.10 -9.84 -10.22 -9.16 -12.74 -16.32 percent [+]
Inflation Rate Mom 0.48 0.24 0.03 0.1 0.08 0.08 percent [+]
Food Inflation -0.36 -1.01 -0.73 -0.8 -0.8 -0.8 percent [+]
Cpi Transportation 108.80 110 110 110 111 111 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.00 1 1 1 1 4 percent [+]
Money Supply M0 1695.40 1764 1799 1835 1872 2444 OMR Million [+]
Money Supply M1 5154.00 5342 5459 5580 5705 7607 OMR Million [+]
Money Supply M2 15539.70 16496 16961 17276 17623 23609 OMR Million [+]
Foreign Exchange Reserves 7583.00 7360 7476 7488 7483 7482 OMR Million [+]
Deposit Interest Rate 1.90 1.93 1.96 1.98 2 2.24 percent [+]
Loan Growth 7.80 6.71 6.11 5.68 5.45 5 percent [+]
Central Bank Balance Sheet 8524.10 8462 8455 8470 8462 8464 OMR Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 30.50 -166 49 49 14.05 248 OMR Million [+]
Exports 931.40 924 1030 1030 972 1680 OMR Million [+]
Imports 900.90 1090 980 980 807 1400 OMR Million [+]
Current Account -4155.00 594 536 478 420 82.54 OMR Million [+]
Current Account to GDP -15.40 -3.9 -2.37 -0.84 0.68 -2.44 percent [+]
Capital Flows 4741.00 2959 3418 3878 4337 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 [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 324.00 261 254 253 253 253 thousand [+]
Foreign Direct Investment -1035.00 -1085 -1017 -950 -882 -452 OMR Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 9.20 21 25 25 25 36 percent [+]
Government Budget -17.10 -17.5 -16.2 -16.2 -15.07 -9.8 percent of GDP [+]
Government Budget Value -180.50 -211 -208 -208 -208 -208 OMR Million [+]
Government Spending 6714.50 9824 10618 11411 12205 24379 OMR Million [+]
Government Revenues 585.20 565 568 568 568 568 OMR Million [+]
Government Debt 2481.30 2149 2305 2461 2617 2749 OMR Million [+]
Fiscal Expenditure 665.70 1098 1062 1066 1064 1064 OMR Million [+]
Military Expenditure 9842.80 10396 10791 11186 11530 13331 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Changes in Inventories 552.40 -1681 -1631 -1581 -1531 -2335 OMR Million [+]
Competitiveness Index 4.28 4.31 4.31 4.31 4.31 4.39 Points [+]
Competitiveness Rank 66.00 65.27 65.27 65.27 65.27 42.45 [+]
Car Registrations 7773.00 8104 8341 8410 8443 8481 [+]
Ease of Doing Business 66.00 62.39 61.97 61.76 61.55 59.89 [+]
Electricity Production 3242.80 1746 1289 1918 2486 2107 Gigawatt-hour [+]
Corruption Index 45.00 46.64 46.64 46.64 46.97 50.5 Points [+]
Corruption Rank 60.00 58 57 55 54 46 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Private Sector Credit 17488.10 17834 18164 18479 18781 21675 OMR Million [+]
Gasoline Prices 0.45 0.44 0.45 0.46 0.46 0.47 USD/Liter [+]
Consumer Confidence 83.10 69.36 64.78 60.2 55.62 -3.89 [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Mortgage Approvals 1792.00 1735 1986 1922 1849 1868 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 12.00 12 12 12 12 12 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Sales Tax Rate 0.00 0 0 0 0 5 percent [+]





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. 12/9/2016