Current Account in Oman
Oman - Current AccountThe economy appears to be in good shape. Oil prices in the first half of 2019 averaged above the USD 58 per barrel level that the government projected in its annual budget, in a positive development for the public purse. Moreover, oil production, a key contributor to total economic output, increased slightly in January–May in annual terms, while the non-hydrocarbon economy is also seemingly strengthening. Tourist arrivals increased by over 10% in January?April compared to the same period a year earlier and new tax exemptions for investors in the tourism sector came into effect in June. Meanwhile, the government introduced a new 100% tax on tobacco, alcohol and pork on 15 June, in an effort to reduce its reliance on oil revenue.
Oman - Current Account Data
|Current Account (% of GDP)||6.6||5.2||-15.9||-18.7||-15.2|
5 years of economic forecasts for more than 30 economic indicators.
Oman Current Account Chart
Source: Central Bank of Oman.
|Exchange Rate||0.39||0.06 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 11|
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