GDP in Oman
Oman - GDPOmani 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
|Economic Growth (GDP, annual variation in %)||-1.1||7.1||3.9||2.9||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Oman GDP Chart
Source: National Center for Statistics and Information and FocusEconomics calculations.
|Exchange Rate||0.39||0.0 %||Jan 20|
|Stock Market||0.2||0.0 %||Jan 20|
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