Oman - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Oman including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Oman economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 16.00 17 17 16 16 16 percent
Inflation Rate 1.10 1.5 1.3 1.4 1.5 2.5 percent
Interest Rate 2.57 2.75 2.75 3 3.25 3.5 percent
Balance of Trade 552.50 502 160 490 491 280 OMR Million
Government Debt to GDP 39.90 28 28 31 31 36 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 0.39
0.39 0.39 0.39 0.39 0.39
Stock Market 4495.31
points
4395 4360 4324 4289 4152
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 8.70
percent
9.5 9.5 11.7 11.7 12
GDP 72.64
USD Billion
74 74 78 78 79
GDP Constant Prices 27750.10
OMR Million
28135 30386 30997 30997 38015
Gross Fixed Capital Formation 7847.70
OMR Million
8942 8593 8766 8766 10750
GDP per capita 16144.40
USD
16600 16600 17100 17100 18750
GDP per capita PPP 37960.70
USD
38000 38000 38150 38150 38366
Gross National Product 26098.30
OMR Million
26939 28578 29152 29152 35752
GDP From Agriculture 529.40
OMR Million
542 580 591 591 725
GDP From Construction 2109.20
OMR Million
2502 2310 2356 2356 2889
GDP From Manufacturing 2663.40
OMR Million
2682 2916 2975 2975 3649
GDP From Mining 151.50
OMR Million
143 166 169 169 208
GDP From Public Administration 3652.10
OMR Million
4060 3999 4079 4079 5003
GDP From Services 14254.90
OMR Million
15105 15609 15923 15923 19528
GDP From Transport 1623.80
OMR Million
1623 1778 1814 1814 2224
GDP From Utilities 571.70
OMR Million
592 626 639 639 783
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 16.00
percent
17 17 16 16 16
Population 4.64
Million
4.79 4.86 4.92 4.97 5.47
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.10
percent
1.5 1.3 1.4 1.5 2.5
Consumer Price Index CPI 106.30
Index Points
107 107 108 108 111
Inflation Rate Mom 0.00
percent
0.03 0.1 0.09 0.09 0.09
Producer Prices 126.40
Index Points
113 115 130 139 143
Producer Prices Change 17.70
percent
8.5 9.2 9.5 9.8 12
Food Inflation -0.70
percent
-0.52 -0.33 0.8 1 1.4
CPI Housing Utilities 105.00
Index Points
106 106 106 107 110
CPI Transportation 115.70
Index Points
111 113 116 118 117
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.57
percent
2.75 2.75 3 3.25 3.5
Money Supply M0 1622.60
OMR Million
1667 1669 1669 1668 1668
Money Supply M1 5071.20
OMR Million
5297 5337 5378 5418 5782
Money Supply M2 16463.20
OMR Million
16650 16782 16911 17037 18146
Foreign Exchange Reserves 6127.60
OMR Million
6387 6377 6370 6372 6372
Deposit Interest Rate 3.45
percent
3.63 3.63 3.88 4.13 4.38
Loan Growth 4.10
percent
3.72 3.23 2.88 2.66 2.29
Central Bank Balance Sheet 6976.80
OMR Million
6961 6996 6979 6985 6983
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 552.50
OMR Million
502 160 490 491 280
Exports 1359.70
OMR Million
1344 1370 1334 1333 1680
Imports 807.20
OMR Million
841 1210 843 842 1400
Current Account -4137.00
OMR Million
-3743 -3703 -3521 -3338 203
Current Account to GDP -14.30
percent
-7 -7.5 -6 -6 -9
Capital Flows 3481.00
OMR Million
1769 1983 1826 1670 -1905
Gold Reserves 0.02
Tonnes
0.02 0.02 0.02 0.02 0.02
Crude Oil Production 696.00
BBL/D/1K
767 776 774 774 774
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 235.00
thousand
300 300 300 300 300
Foreign Direct Investment 1122.00
OMR Million
25.28 14.6 56.13 97.67 149
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 39.90
percent
28 28 31 31 36
Government Budget -13.00
percent of GDP
-12 -12 -10 -10 -9.8
Government Budget Value -310.00
OMR Million
-166 -177 -177 -178 -178
Government Spending 6124.80
OMR Million
6707 6707 6841 6841 8390
Government Revenues 856.50
OMR Million
828 825 825 825 825
Government Debt 11150.60
OMR Million
2057 2455 1858 1262 1536
Fiscal Expenditure 1166.50
OMR Million
993 1002 1002 1003 1003
Military Expenditure 8417.20
USD Million
8853 8417 8343 8270 8312
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories 824.80
OMR Million
272 241 133 25.58 34.08
Internet Speed 4927.03
KBps
4737 4726 4720 4721 4726
IP Addresses 210079.00
IP
207304 206599 206831 207699 208812
Competitiveness Index 4.31
Points
4.29 4.29 4.3 4.31 4.31
Competitiveness Rank 62.00
65 65 56 54 40
Car Registrations 6716.00
6746 6686 6688 6691 6692
Ease of Doing Business 71.00
56 53 55 57 62
Electricity Production 3720.90
Gigawatt-hour
2968 1913 1782 2206 2281
Corruption Index 44.00
Points
42 42 42 41 38
Corruption Rank 68.00
66 66 66 65 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Private Sector Credit 18585.20
OMR Million
18700 18816 18927 19031 19796
Gasoline Prices 0.56
USD/Liter
0.57 0.54 0.51 0.48 0.38
Consumer Confidence 78.80
Index Points
49.96 45.84 41.73 37.61 -3.54
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Mortgage Approvals 1639.00
1159 1282 1320 1287 1274
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Sales Tax Rate 0.00
percent
0 0 0 0 5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 1.29
mm
7.95 4.44 10.32 7.32 8.21
Temperature 22.17
celsius
31.38 23.98 21.68 30 27.56