Industry in Oman
Oman - IndustryThe economy remained in good stead through Q3. The value of oil and natural gas output rose significantly in January–September compared to the same period a year earlier, thanks to higher prices. In turn, public finances and the external sector improved, as reflected by a lower fiscal deficit in January–September and a higher trade surplus in January–July. Meanwhile, S&P Global Ratings affirmed its long-term credit rating of BB for Oman on 11 November. The world’s largest credit ratings agency also added it might raise its rating if the accumulation of external debt slows, which would largely depend on the government’s ability to introduce a VAT and excise taxes next year.
Oman - Industry Data
|Industrial Production (annual variation in %)||3.1||0.2||5.4||3.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Oman Industry Chart
Source: Central Bank of Oman.
|Exchange Rate||0.39||0.06 %||Dec 12|
|Stock Market||0.1||0.0 %||Dec 12|
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