GDP in Oman

Oman GDP | Economic News & Forecasts

Oman - GDP

The economy performed well in 2018 as higher average oil and gas prices, coupled with increased hydrocarbon output, translated into stronger public finances and export growth. Government revenue climbed by over a third in the January–November period compared to the same period a year earlier, leading the fiscal deficit to fall by over 40%. Meanwhile, in January–September, merchandise exports also climbed by over a third year-on-year. In other news, a new airport was opened in the city of Duqm in January, reflecting government efforts to develop the tourism industry and diversify the economy away from its dependence on fossil fuel production.

Oman - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)5.3  1.2  4.7  5.4  -     

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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

ValueChangeDate
Exchange Rate0.380.06 %Feb 14
Stock Market0.10.0 %Feb 13

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