Industry in Oman

Oman Industry | Economic News & Forecasts

Oman - Industry

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 - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.1  0.2  5.4  3.2  -     

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Oman Industry Chart

Oman Industry
Note: Annual variation of industrial production in %.
Source: Central Bank of Oman.

Oman Facts

Exchange Rate0.390.06 %Feb 20
Stock Market0.10.0 %Feb 13

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