GDP in Oman

Oman GDP | Economic News & Forecasts

Oman - GDP

Omani officials have announced a cut in oil production in order to meet OPEC’s recently agreed target and the Sultanate has started the new year with a new budget plan. The draft envisages new austerity measures aimed at boosting fiscal revenues, which were hampered by record-low oil prices last year. An amended Income Tax Law will revise companies’ tax exemptions, but overall the new measures will slow down the diversification process of the economy and important infrastructural projects. Moreover, the authorities will introduce excise taxes on some commodities such as alcohol and tobacco.

Oman - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)-1.1  7.1  3.9  2.9  -     

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Oman GDP Chart

Oman GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Center for Statistics and Information and FocusEconomics calculations.

Oman Facts

Exchange Rate0.390.0 %Jan 20
Stock Market0.20.0 %Jan 20

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