Industry in Oman

Oman Industry | Economic News & Forecasts

Oman - Industry

The 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

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 %Dec 12
Stock Market0.10.0 %Dec 12

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