Oman | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.20 7.5 7.5 7.5 7.5 7.8 percent [+]
Inflation Rate 1.80 1.8 2.1 2.3 2.7 3.67 percent [+]
Interest Rate 1.24 1.25 1.25 1.5 1.75 4 percent [+]
Balance of Trade 90.00 49 49 44.24 102 248 OMR Million [+]
Government Debt to GDP 9.20 25 25 25 25 36 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 0.38 0.39 0.39 0.4 0.4 0.46 [+]
Stock Market 5867.46 5650 5590 5530 5480 4610 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate -14.10 1.7 1.7 1.7 1.8 2.5 percent [+]
GDP 69.83 82.98 80.63 78.29 75.94 75.51 USD Billion [+]
GDP Constant Prices 27566.60 26753 27269 27784 28300 31269 OMR Million [+]
Gross Fixed Capital Formation 8534.10 8881 9052 9222 9392 11286 OMR Million [+]
GDP per capita 15965.90 15225 15159 15093 14814 18750 USD [+]
GDP per capita PPP 37541.08 35817 35674 35531 35388 38966 USD [+]
Gross National Product 25960.30 30632 30804 30977 31150 35698 OMR Million [+]
GDP From Agriculture 427.40 444 452 460 468 621 OMR Million [+]
GDP From Construction 2230.00 2255 2283 2312 2340 2423 OMR Million [+]
GDP From Manufacturing 2939.60 3195 3131 3067 3002 3001 OMR Million [+]
GDP From Mining 141.70 141 144 147 150 194 OMR Million [+]
GDP From Public Administration 3304.00 3489 3482 3476 3469 3967 OMR Million [+]
GDP From Services 13215.90 13658 13705 13753 13801 13293 OMR Million [+]
GDP From Transport 1636.50 1721 1752 1782 1813 2376 OMR Million [+]
GDP From Utilities 417.60 405 414 423 431 501 OMR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.20 7.5 7.5 7.5 7.5 7.8 percent [+]
Population 4.57 4.51 4.66 4.81 4.96 6.16 Million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.80 1.8 2.1 2.3 2.7 3.67 percent [+]
Consumer Price Index CPI 103.60 104 104 104 104 104 Index Points [+]
Producer Prices 92.50 90.05 90.19 90.17 89.92 89.58 Index Points [+]
Producer Prices Change -17.10 -8.6 -7.82 -11.47 -14.16 -15.79 percent [+]
Inflation Rate Mom 0.75 0.21 0.05 0.09 0.08 0.08 percent [+]
Food Inflation -2.05 -1.41 -1.8 -1.75 -1.71 -1.74 percent [+]
Cpi Transportation 108.20 110 110 110 111 111 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.24 1.25 1.25 1.5 1.75 4 percent [+]
Money Supply M0 1647.10 1649 1649 1649 1649 1649 OMR Million [+]
Money Supply M1 4978.70 5026 5050 5076 5101 5347 OMR Million [+]
Money Supply M2 15423.80 15536 15608 15681 15750 16406 OMR Million [+]
Foreign Exchange Reserves 7790.50 7924 7840 7849 7852 7851 OMR Million [+]
Deposit Interest Rate 1.90 2.01 1.98 1.96 1.93 2.24 percent [+]
Loan Growth 7.60 7.79 8.2 8.41 8.56 8.78 percent [+]
Central Bank Balance Sheet 8866.30 8980 8927 8954 8940 8944 OMR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 90.00 49 49 44.24 102 248 OMR Million [+]
Exports 807.10 1030 1030 886 1200 1680 OMR Million [+]
Imports 717.10 980 980 739 1100 1400 OMR Million [+]
Current Account -4155.00 747 649 551 453 54.99 OMR Million [+]
Current Account to GDP -15.40 4.15 1.46 -1.21 -3.9 -2.44 percent [+]
Capital Flows 4741.00 2430 2606 2782 2959 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 276.00 253 226 226 240 238 thousand [+]
Foreign Direct Investment -1035.00 121 -281 -683 -1085 -452 OMR Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 9.20 25 25 25 25 36 percent [+]
Government Budget -17.10 -16.2 -16.2 -14.71 -16.2 -9.8 percent of GDP [+]
Government Budget Value 52.20 26.82 29.87 30.02 30.02 30.02 OMR Million [+]
Government Spending 6714.50 9040 9302 9563 9824 24379 OMR Million [+]
Government Revenues 1181.10 733 747 744 744 744 OMR Million [+]
Government Debt 2481.30 1810 1923 2036 2149 2749 OMR Million [+]
Fiscal Expenditure 728.90 958 950 949 948 948 OMR Million [+]
Military Expenditure 9842.80 10396 10791 11186 11530 13331 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Changes in Inventories 552.40 -1063 -1269 -1475 -1681 -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 6210.00 7683 7808 7868 7896 7920 [+]
Ease of Doing Business 66.00 62.18 61.97 61.76 61.55 59.89 [+]
Electricity Production 2394.40 1439 1788 2328 2416 2122 Gigawatt-hour [+]
Corruption Index 45.00 43 43 43 43 39 Points [+]
Corruption Rank 64.00 58 57 55 54 46 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Private Sector Credit 17539.20 17690 17854 18012 18160 19391 OMR Million [+]
Gasoline Prices 0.43 0.43 0.43 0.43 0.43 0.44 USD/Liter [+]
Consumer Confidence 78.80 74.67 70.55 66.43 62.31 12.86 [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Mortgage Approvals 1420.00 1735 1986 1922 1849 1868 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 2/22/2017