Oman economic data. Oman is a country in Asia.

Oman economic data. across economic sectors Oman 2023.

Oman economic data Inflation has reached negative Oman's economy has been evaluated by World Economics to be $0. Oman’s General Budget outlined key potential fiscal and economic risks for the first time in 2023. Aligned with national priorities, the 10th Five-Year Development Plan, and the ambitious goals of "Oman Vision 2040," the country witnessed a year of significant growth and progress, bolstering the performance of the Omani economy and Sultan Haitham bin Tariq has authorised the new top-up tax in Oman Corporate tax to rise; UAE plans increase; Bahrain introduces DMTT; Oman will impose a minimum top-up tax (DMTT) of 15 percent on multinational companies from January 1, according to a royal decree published by the Oman News Agency. 000 OMR mn in Oct 2024. Oman Tax Revenue data remains active status in CEIC and is reported by CEIC Data. Oman’s economic fundamentals are good. Data. Explore and download the latest economic data and forecasts for Oman, including historical trends and related data. 6% in the last four years and is ranked the 1st largest economy in Middle East, ahead of . Annual of growth of GDP. 9 to 8. 0%. Historically, the average for Oman from 1961 to 2023 is 1594420. This records a decrease from the previous number of 1,062. However, imports soared in January, boding ill for the trade balance, according to data released by state statistics agency Turkstat. Trend. This Data set highlights the most important indicators of national accounts, notably gross domestic product (GDP), production account, commodities Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 81 billion US dollars in 2023, according to official data from the World Bank. Open Data. Now, more roads are on the cards, as well as up to six new airports, slated to open before the end of the decade. Al Jazeera. , Oman from The World Bank: Data. The minimum value, 57 index points, was reached in 2022 while the maximum of 70 See all important economic data of the country: Oman. 46 percent. 25 percent, was reached in 1973 while the The UAE has ruled out introducing personal income tax, with economy minister Abdulla bin Touq Al Marri dismissing speculation that the country might end its traditional tax-free status. Sultanate of Oman Announces Its Stimulus Plan to Restore Its Economic Growth. The Omani economy has made a strong recovery following a slump due to COVID-19 and low oil prices. It examines strategic developments, particularly Oman's relations with the United States, addressing the key question of how close an alliance between Oman and the US is likely and showing how “Each GCC state possesses distinct economic circumstances and needs. Oman Government Expenditure data is updated monthly, averaging 855. Stay informed with comprehensive CPI analysis and reports. Track country's GDP, interest rate, and other economic indicators to know where its market stands. 872 USD bn in 2023 and a record low of 311. The project is being developed at the Special Economic Zone in Duqm and is 25 percent complete, Bahiya Al Shuaibi, founder and CEO of Global Space and Technology Company, told Duqm Economist Oman takes 41% stake in Angolan diamond miner; Investment initiatives driven by Future Fund Oman, which aims to allocate OMR2 billion ($5. 0 = Poor, 100 = Excellent. 2 billion) to stimulate economic activity “will continue to underpin non-hydrocarbon growth in 2025”, according to Carla Slim, Mena economist at Standard Chartered. 9 %. 84 in 2023. 1 % YoY in Dec 2021, following a negative growth of 3. Al-Saadi, A. R. This valuation would reduce Mexico's debt ratio to 27. While no official data are available yet on the economy in 2020, preliminary data issued by the authorities indicate that Oman’s nominal GDP has contracted by 3. Graph and download economic data for Gross Domestic Product for Oman (MKTGDPOMA646NWDB) from 1960 to 2023 about Oman and GDP. Economic activity continues to MUSCAT: As the year draws to a close, the Sultanate of Oman can look back on a period of remarkable economic achievements. Our Oman's moderate, independent foreign policy has sought to maintain good relations with its neighbors and to avoid external entanglements. 9% in Q1/2020 (y/y); non-oil activities contracted by over 6%. The Data Portal provides many datasets from different entities, for everyone - citizen, investor, researcher or developer. Oman imposes 15% tax on multinationals; Oman estimates budget deficit of $1. The data reached an all-time high of 31. 247 Trillion, 26. 49 The data reached an all-time high of 4. Data Quality Index numbers shown on a scale of 0-100. Stay updated on the nation’s progress and insights. Oman has started construction of Zone 88, the Sultanate’s first scientific and economic zone committed to space industries and advanced technologies. Worldwide gross domestic product in 2023 was at about 13,164 USD per capita. 3 Billions by the end of 2025, from an estimated $109. In comparison, the world average is 3. 6 Source: WDI, Macro Poverty Outlook, and official data. The Foreign Ministry is committed to providing open-source data related to foreign affairs. 717 USD/Ton in Jul 2015. Create economic graphs. The Gross Domestic Product (GDP) in Oman was worth 108. International Monetary Fund. Featured data Policies on gender equality a driver of economic growth, democracy and . Grade definitions: A: As good as it gets B: Good C: Use with caution D: Poor E: Extremely poor quality GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Al-Kindi, A. GDP (current US$) GDP (current US$) Most recent Plus detailed statistics on Oman's economy and economic outlook for 2025. The expansion of Muscat International Airport has made the sultanate more accessible for tourism, and six more airports are planned. The risk of unrest is driven by both by elevated socioeconomic pressures relative to Oman's Gulf peers, and the possible imposition of economic austerity measures. This page in: English; Economic; Environment; Institutions; Social. Please do have a look around, and let us know what you think. 86. a/ Most recent WDI value (2022). Oman was ranked 62nd out of 137 countries covered by the Global Competitiveness Index 2017-2018, four places higher than in 2016-2017h, with notable improvements in its macroeconomic environment and higher Oman's Wealth ranks 53 of 144 countries in the World Economics Global Wealth rankings and 17 in the Asia-Pacific region. The population in Oman was 5,049,269 in 2023. Analysis; Energy Oman advances liquefied hydrogen export project. The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Annual. Despite a contraction due to the pandemic, Oman's economic recovery continued in 2022 (+4. com 3 OMAN - ECONOMIC DATA Government Last Previous Highest Lowest Government Debt to GDP 40. 632 billion during the same period in 2023. Among these achievements, 100% of the population lives in households that can access basic services, 99. Oman Government Expenditure data was reported at 961. The Sultanate applied the new system of National Accounts (SNA) approved by the United Nations Bureau of Data for Yemen, Rep. Find, understand, and use the data you need. The life expectancy in Oman was 73. 8 billion, a 1. The GDP value of Oman represents 0. Build strategies; Create data value; Realize business opportunities across economic sectors Oman 2023. 45 economic data series with tags: Oman, IMF. This Data set highlights the most important indicators of national accounts, notably gross domestic product (GDP), production account, commodities and services account, domestic and national savings, and gross fixed capital formation. The nominal GDP per capita in Oman was $21,549. Oman - was last Discover economic indicators for Oman, such as GDP, GNP and FDI to use in your data forecasts and economic reports on the Oman`s economy with CEIC. 000 OMR mn (Median) from Sep 2021 to Mar 2024, with 11 In celebration of Oman’s 54th National Day, the Centre stated that the statistics and data reflect the significant achievements in Oman. Global Economic Prospects examines trends for the world economy and how they affect developing countries. 6 million the value of Omani imports from Qatar. What is the GDP of Oman? Currency Name and Code Omani Rial (OMR) GDP - Gross Domestic Product (PPP) $135,790,000,000 (USD) GDP - official exchange rate $60,180,000,000 (USD) Strategy and business building for the data-driven economy. 31 percent, a decline from 9. The carbon dioxide emissions per capita in Oman was 18. The report includes country-specific three-year forecasts for major Explore World Bank data on Oman, including economic indicators and national accounts. 5 percent in Q1- The Gross Domestic Product (GDP) in Oman expanded 3. ). 4 % in the previous year. 300 OMR mn for Dec 2023. The country, which pumps about 1 million barrels of crude a day and depends in it for two thirds of its revenue, based its 2024 budget on a price of $60 a barrel. 9 Billions in 2024 in nominal terms. 5 percent increase year on year. This page in: English; Español; Français; This Data set highlights the most important indicators of national accounts, notably gross domestic product (GDP), production account, commodities and services account, domestic and national savings, and gross fixed capital formation. 2 percent in 2026, driven by a rebound in oil and gas production as the Duqm refinery reaches full capacity. Experts: Sultanate of Oman Adopts a Wise Approach in Managing Oil Price Fluctuations. Oman Nominal GDP reached 27. 1%, 1. Indicators of economy in Oman The main economic performance of a country can be seen from its gross domestic product. Oman economy at a glance Explore Oman’s latest CPI data for insights on inflation, cost of living, and economic trends. 333 economic data series with tag: Oman. 422 USD mn in 2000. The minimum value, -14. Oman’s decision would reflect its particular national economic requirements. Oman's Compound Annual Growth Rates (CAGR) over the last 10, 5 and 3 years were 4. Oman Foreign Direct Investment: Flow: Manufacturing data was reported at 585. The Sultanate applied the new system of National Accounts (SNA) approved by the United Nations Bureau of Overview In 2023, Oman was the number 66 economy in the world in terms of GDP (current US$), the number 48 in total exports, the number 63 in total imports, the number 62 economy in terms of GDP per capita (current US$) and the number 76 most complex economy according to the Economic Complexity Index (ECI) . 49 Oman GDP per Capita was INT$$35,638 for 2025 in PPP terms. 6 -21. 4% larger than offical estimates. Source: World Bank: Oman. 10 percent of the world economy. Includes historical data for Oman’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on The economy of Oman has grown at an average annual growth rate of 3. Most recent value. 3 million by the end of 2023, of which RO 284. . THINK TANK EGYPT – www. 600 OMR mn in Mar 2024. 800 OMR mn (Median) from Jun 2003 to Oct 2024, with 255 observations. Explore World Bank data on Oman, including economic indicators and national accounts. 6 -3. Created with Highcharts 10. Data portal is a free and data-sharing portal where anyone can access data relating to the Sultanate of Oman. 58 percent in 2022. 3% respectively. Oman is advancing plans to establish what it says is the world's first commercial-scale liquid hydrogen “corridor” for exports to Europe. Data are in current U. Oil Policy and Modernization Movements in the Sultanate of Oman, 1980-1996 (1st ed. 9 per cent, reaching RO 28. 146 billion, compared to RO 27. Explore Oman economic data on Prosperity Data360. 43 percent, based on data from 184 countries. Search: Search Data ranges from -3. The World Economics GDP Data Quality Ratings for Oman's GDP data is C Grade. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. (2018). 2 USD bn. F. 2 61. Oman Money Supply M0 from ECONOMICS. 94 in 2022. “[Income tax] is not on the table,” Al Marri said at the World Economic Forum in Davos earlier this month. The energy consumption per capita in Oman was 6,078. 3. Oman's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries. ” 10 months of data suggest. OMAN Table 1 2023 Population, million 4. The government is using revenues from high oil prices to pay down external debt and invest in development projects. Indicator. Most recently, in early January, Oman’s minister of housing and urban planning, Khalfan Al-Shueili, said plans were Sultan Haitham bin Tariq al-Said will continue to command political authority in 2024-28, although this could be tested by popular protests later in the forecast period. 600 OMR mn in Dec Economic Overview The Sultanate of Oman has experienced remarkable economic growth since 2004, primarily driven by the exploitation of its oil reserves. Oman - was last updated on Saturday, March 1, 2025. 1 percent of GDP Dec-22 Government Budget 2. S. While no official data are available yet on the real economy in 2021, preliminary nominal data indicate that Oman’s nomi-nal GDP contracted by 2. Prosperity Data360. 2 Billions by the end of 2025, from an estimated $92. 4 % in Dec 2020. 3 Years GDP growth (annual %) World Economy GCC economic data The latest economic indicators for the Gulf Co-operation Council countries: the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain – plus links to in-depth pages on each country GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Poverty headcount ratio at Oman's real GDP is projected to be $95. 1 Life expectancy at birth, yearsa 73. Oman Data Park (ODP), Oman’s leading data center and cloud services provider, has signed a landmark Memorandum of Understanding (MoU) with INTRO Technology, the technology arm of INTRO Holding, to establish Kemet Data Center in the Suez Canal Economic Zone. This page in: Economic. Inspired by the popular uprisings that Discover Oman’s key data on economic indicators, social stats, demographics, and development trends. 01. The data reached an all-time high of 3,123. 7 percent in 2025 and 3. Oman. Oman’s Ministry of Finance has identified key fiscal risks. This page provides - Oman GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latest Oman News Hotel guest numbers increased by 4 percent to 2 million by the end of December, the Oman Daily Observer reported citing data from Explore foreign trade statistics for Oman, including export/import values, trade partners, key commodities, and economic trends. Oman Pakistan Palau Panama Papua New Guinea Interact with policy simulators and indexes for data analysis. Real GDP Growth YoY data in Oman is updated yearly, available from Dec 1999 to Dec 2021, with an average rate of 2. 3% of GDP), supported by favorable oil prices and sustained reform momentum. Gross Domestic Product (GDP). GDP (current US$) GDP (current US$) Most recent value (2023 billion) Oman 108. OECD Data explorer. Economic Indicators for Oman including actual values, historical data, and latest data updates for the Oman economy. GDP (current US$) GDP (current Contributing to Oman Vision 2040: Providing open data supports the digital transformation strategy of Oman Vision 2040 by enabling knowledge-based decision-making. 8 GDP per capita, current US$ 23428. The Users can request for additional data sets here. 02/26/2025 The drop in oil prices and COVID-19 are placing unprecedented strain on Oman’s economy. This records an increase from the previous number of -477. Economic Data; All sections. Oman Foreign Direct Investment: Flow: Manufacturing data is updated quarterly, averaging -112. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The data reached an all-time high of 9. The Sultanate applied the new system of National Accounts (SNA) approved by the United Nations Bureau of Statistics and the United Data for Oman, United Arab Emirates from The World Bank: Data. Free economic data, indicators & statistics. 8% of the population benefits from safely managed drinking water services, 100% of the population has Data for Oman, High income from The World Bank: Data. GDP per capita (current US$) GDP (current US$) - Oman from The World Bank: Data. 3 Billions in 2024. 6 GDP, current US$ billion 108. 3 USD bn in Dec 2022 and a record low of 6. Oman from The World Bank: Data. GDP, employment, labor force of Oman provided. 6bn in 2025; Oman resumes copper exports as global demand rises Discover economic indicators for Oman, such as GDP, GNP and FDI to use in your data forecasts and economic reports on the Chinese economy with CEIC. Dollar figures Oman 2040 The Royal Directives of His Majesty Sultan Qaboos bin Said stipulate that the future vision “Oman 2040” will be thoroughly developed and precisely formulated in the light of wide community consensus and participation of the different social groups, so that the vision is fully integrated into the economic and social realities and objectively orientated towards the future Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Oman's Current GDP is projected to be $113. Oman is a country in Asia. Data for World, Oman from The World Bank: Data. CEIC converts annual Tax Revenue into USD. 07kg in 2014. Economic. GDP (current US$) GDP (current US$) Most recent value (2018 billion) Data are in current U. World Economics Rates Oman's Offical GDP Data as Grade C Oman: Economic growth: the rate of change of real GDP: The latest value from 2023 is 1. The methodology for the compilation of BoP statistics has been made consistent with the fifth edition of the IMF's "Balance of Payments Manual" (BPM5) since 2000. 67 (2022 billion) Trend. 9 4. Explore data on fish quantity and value in Oman's traditional fishery by species and governorate, highlighting regional variations and species diversity. (2021, March 19). E-Services. 000 OMR mn for Sep 2024. Stay informed. China Import Price: Iron Ore & Concentrate: Asia: Oman data remains active status in CEIC and is reported by CEIC Data. FRED: Download, graph, and track economic data. Omanis Everywhere. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Oman economy information. Data analytics company Presight, a unit of Abu Dhabi technology group G42, has agreed to work with Albania’s ministry of interior to implement an Oman’s buoyant non-oil sector will help the sultanate’s economy expand this year at nearly twice the rate of 2024, its sovereign wealth fund has forecast. 7 USD bn in Mar 2005. Balance of Payment. These include oil price volatility, tighter global financial conditions, global inflationary pressures, climate change and natural disasters, and geopolitical tensions. This data set contains balance of payments data collected from the Central Bank of Oman (CBO). Oman: Distribution of gross On the other hand, Oman is facing economic challenges where its income still heavily depends on oil and gas production, so expansion of its capital may well be the boost that the country needs. GDP (current US$) GDP (current US$) Most recent value (2022 billion) World 100,562. It considers economic developments, both in the oil and non-oil sectors, and Oman's contribution to economic co-operation and integration in the region. 02/26/2025 This data underscores Oman’s efforts to diversify its economy and reduce reliance on oil revenues, with significant contributions from non-oil sectors to the GDP. However, the fund warned that US president-elect Donald Trump’s plans to implement tariffs on its trading partners could hamper ambitions by the sultanate to increase foreign direct Data for United Arab Emirates, Oman from The World Bank: Data. 5 School enrollment, primary (% gross)a 90. Vision. By Oman: Economic freedom, overall index (0-100): The latest value from 2024 is 63 index points, an increase from 59 index points in 2023. 9 Total GHG emissions (mtCO2e) 114. In other words, the total quantity of all goods and services sold within Oman minus intermediate consumption. Exports The top exports of Oman are Crude Economic and financial data including Oman GDP growth, GDP per capita and more, plus trade and finance sector data. Data for Oman, High income from The World Bank: Data. hdx_bot_fs_check updated the dataset Oman - Economic, Social, Environmental, Health, Education, Development and Energy 6 months ago Data and Resources Metadata Data Check - Use data with HXL hashtags to automatically detect errors and validate against common vocabularies. Oman Daily. For a detailed analysis of Oman's GDP growth and a comparative perspective with other countries, please refer to the table below. Chairman of the Oman Economic Association, noted that the 2025 Budget estimates revenues Turkey’s economic rebound softened by soaring imports Turkey’s economy recovered in the fourth quarter of 2024 after two consecutive quarters of contraction. By the end of Q3 2024, Oman’s GDP growth rate at constant prices stood at 1. 4% and 2. 333 USD/Ton in Sep 2020 and a record low of 38. Nominal GDP in Oman is updated quarterly, available from Mar 2005 to Mar 2023, with an average number of 19. The revised data are now available from 1996 onwards. 1 percent of GDP Dec-22 Government Budget Value 203-13 16379 3373 OMR Million May 24 Government Spending 7319 7039 7774 2094 OMR Million This month Oman estimated a budget deficit of OR620 million in 2025, with total spending likely to reach OR11. October 2024, Muscat. The World Economics Wealth Index is a composite index covering both income and assets for individuals by country. Oman Economy Data. 81. 0 % in Dec 2008 and a record low of -3. 7 million were the value of Omani exports to the State of Qatar and RO 828. Oman is making strides to diversify its economy, including a green energy transition. 44t in 2023. 6 2. 7 67. The tax will apply to multinationals with consolidated 2. Oman 114. tte-eg. dollars. 1 USD bn in Mar 2023, compared with 31. In comparison, the world average is 59 index points, based on data from 174 countries. Free and open access to global development data. The Sultanate applied the new system of National Accounts (SNA) approved by the United Nations Bureau of Oman. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP Per Capita PPP data from 1870-2025, building on Oman Government Expenditure data was reported at 961. Export metadata for this dataset: JSON | CSV. High income 68,276. 3 USD bn in the previous quarter. Building and Construction. (proxied by data derived from the Credit Suisse Wealth Report), and using Untited Nations population data Oman’s economy is gradually emerging from last year contraction as COVID-19 pandemic battered key sectors such as energy, tourism, and manufacturing. Accurate Macro & Micro Discover Oman Data's mission and team, dedicated to providing accurate insights on Oman's social, economic, and developmental landscape. Historically, the average for Oman from 1995 to 2024 is 65 index points. Data issued by the National Centre for Statistics and Information indicate that the volume of trade exchange between the Sultanate of Oman and the State of Qatar reached RO 1,113. Oman economic growth The World Bank forecasts Oman’s economic growth will rise to 2. The data are presented in millions of The data reached an all-time high of 48,333. sza hellsj tsuo otpmb nobvaetkh wplyqpf goizwdlt yefm sswsj kgkvdug jpl hiao oen skddu ktmur