GDP in Oman
Oman - GDPThe 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
|Economic Growth (GDP, annual variation in %)||5.3||1.2||4.7||5.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Oman GDP Chart
Source: National Center for Statistics and Information and FocusEconomics calculations.
|Exchange Rate||0.38||0.06 %||Feb 14|
|Stock Market||0.1||0.0 %||Feb 13|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.