Current Account in Oman
Oman - Current AccountEconomic activity likely slowed last year, as suggested by a year-on-year dip in oil production in January–November. Moreover, the non-oil economy remained subdued: Bank lending to the private sector remained downbeat through November, potentially dampening both private consumption and fixed investment. In addition, government spending dropped slightly in January–November, while a sharper fall in revenues resulted in a small widening of the fiscal deficit. On the external side, although the merchandise trade surplus widened in January–September, this was due to imports dropping faster than exports. More positively, however, inflation was muted in January–November, boding well for private consumption. In politics, Sultan Qaboos bin Said died on 10 January and was succeeded by Haitham bin Tariq Al Said.
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 %||Dec 31|
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