Oman recorded a Current Account deficit of 1671 OMR Million in 2018. Current Account in Oman averaged 276.78 OMR Million from 1996 until 2018, reaching an all time high of 3403 OMR Million in 2011 and a record low of -4737 OMR Million in 2016. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Oman Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Oman increased to 14491.60 OMR Million in 2018 from 11150.60 OMR Million in 2017. Government Debt in Oman averaged 2674.52 OMR Million from 2003 until 2018, reaching an all time high of 14491.60 OMR Million in 2018 and a record low of 132 OMR Million in 2016. This page provides - Oman Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman is ranked 68 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Oman improved to 68 in 2019 from 78 in 2018. Ease of Doing Business in Oman averaged 62.25 from 2008 until 2019, reaching an all time high of 78 in 2018 and a record low of 44 in 2012. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Oman.

Terrorism Index in Oman remained unchanged at 0 in 2018 from 0 in 2017. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

The Gross Domestic Product (GDP) in Oman expanded 2.20 percent in 2018 from the previous year. GDP Annual Growth Rate in Oman averaged 4.96 percent from 2000 until 2018, reaching an all time high of 13.10 percent in 2008 and a record low of -0.90 percent in 2017. Oman's economy relies heavily on oil production. The petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. However, as oil reserved have been shrinking in recent years the government has embarked on a process of economic diversification focused on development of tourism and gas based industries. This page provides the latest reported value for - Oman GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gross Fixed Capital Formation in Oman decreased to 7418.40 OMR Million in 2018 from 7847.70 OMR Million in 2017. Gross Fixed Capital Formation in Oman averaged 5076.07 OMR Million from 1998 until 2018, reaching an all time high of 8517.30 OMR Million in 2014 and a record low of 1681.10 OMR Million in 2000. This page provides - Oman Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Oman increased to 29333.50 OMR Million in 2018 from 28481.60 OMR Million in 2017. GDP Constant Prices in Oman averaged 13217.12 OMR Million from 1980 until 2018, reaching an all time high of 29333.50 OMR Million in 2018 and a record low of 2185 OMR Million in 1980. This page provides - Oman GDP Current Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Oman increased to 670.20 OMR Million in 2018 from 627 OMR Million in 2017. GDP From Agriculture in Oman averaged 304.56 OMR Million from 1998 until 2018, reaching an all time high of 670.20 OMR Million in 2018 and a record low of 168.20 OMR Million in 2000. This page provides - Oman Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Oman increased to 14437.50 OMR Million in 2018 from 14038.70 OMR Million in 2017. GDP From Services in Oman averaged 7692.93 OMR Million from 1998 until 2018, reaching an all time high of 14437.50 OMR Million in 2018 and a record low of 2825.80 OMR Million in 1999. This page provides - Oman Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Oman increased to 567 OMR Million in 2018 from 540.90 OMR Million in 2017. GDP From Utilities in Oman averaged 262.63 OMR Million from 1998 until 2018, reaching an all time high of 567 OMR Million in 2018 and a record low of 67.70 OMR Million in 1998. This page provides - Oman Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Oman increased to 5649 OMR Million in 2018 from 5571.60 OMR Million in 2017. Government Spending in Oman averaged 3953.50 OMR Million from 1998 until 2018, reaching an all time high of 6714.50 OMR Million in 2015 and a record low of 2094 OMR Million in 1999. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Oman Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman scored 52 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Oman averaged 51.53 Points from 2003 until 2019, reaching an all time high of 63 Points in 2003 and a record low of 44 Points in 2017. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Oman Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Oman remained unchanged at 3.10 percent in 2019 from 3.10 percent in 2018. Unemployment Rate in Oman averaged 4.42 percent from 1991 until 2019, reaching an all time high of 5.10 percent in 1993 and a record low of 3.10 percent in 2017. In Oman, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Oman Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Oman stands at 15 percent. Corporate Tax Rate in Oman averaged 12.67 percent from 2003 until 2020, reaching an all time high of 15 percent in 2017 and a record low of 12 percent in 2004. In Oman, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Oman. This page provides - Oman Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Oman stands at 0 percent. In Oman, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Oman. This page provides - Oman Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Oman increased to 1284.90 OMR Million in December from 1198.90 OMR Million in November of 2019. Exports in Oman averaged 1152.33 OMR Million from 2004 until 2019, reaching an all time high of 1992 OMR Million in September of 2012 and a record low of 423 OMR Million in August of 2004. Oman´s economy is highly dependent on exports of oil (62 percent of total exports) and liquefied natural gas (8 percent). Other exports include chemicals, plastics and rubber products. Main export partners are: China (30 percent of total exports), South Korea (11 percent), United Arab Emirates (10.7 percent) and Japan (10.5 percent). Others include: India, United States and Thailand. This page provides - Oman Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Oman decreased to 119.10 points in the fourth quarter of 2019 from 125.60 points in the third quarter of 2019. Producer Prices in Oman averaged 127.77 points from 2010 until 2019, reaching an all time high of 158.25 points in the second quarter of 2012 and a record low of 88.70 points in the first quarter of 2016. This page provides - Oman Producer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a trade surplus of 465.20 OMR Million in December of 2019. Balance of Trade in Oman averaged 482.65 OMR Million from 1982 until 2019, reaching an all time high of 2379 OMR Million in June of 2000 and a record low of -117.60 OMR Million in June of 1998. Oman has been recording large trade surpluses on a consistent basis due to oil and gas production. Shipments of oil and gas account for 70 percent of total exports. Main imports are: transport equipment; electrical machinery and mechanical appliances and mineral products. Main trading partners are: United Arab Emirates (11 percent of total exports and 27 percent of imports) and Japan (10.5 percent of exports and 13 percent of imports). Others include: China, India and United States. This page provides - Oman Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a government debt equivalent to 47.50 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Oman averaged 20.07 percent from 1990 until 2018, reaching an all time high of 47.50 percent in 2018 and a record low of 4.10 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Oman Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Oman decreased 12.30 percent in December of 2019 over the same month in the previous year. Producer Prices Change in Oman averaged 2.13 percent from 2011 until 2019, reaching an all time high of 31.56 percent in the third quarter of 2011 and a record low of -31.70 percent in the first quarter of 2016. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Oman Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage Approvals in Oman increased to 1348 in February from 1087 in January of 2020. Mortgage Approvals in Oman averaged 1485.61 from 2011 until 2020, reaching an all time high of 2595 in March of 2016 and a record low of 139 in July of 2017. This page provides - Oman Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Oman was last recorded at 2.15 percent. Interest Rate in Oman averaged 1.70 percent from 2008 until 2020, reaching an all time high of 5 percent in October of 2008 and a record low of 1 percent in March of 2012. In Oman, interest rate decisions are taken by the Central Bank of Oman. The official interest rate is the repo rate. This page provides the latest reported value for - Oman Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M0 in Oman increased to 1602.30 OMR Million in February from 1599.20 OMR Million in January of 2020. Money Supply M0 in Oman averaged 1094.89 OMR Million from 2004 until 2020, reaching an all time high of 1895 OMR Million in June of 2017 and a record low of 357.50 OMR Million in September of 2004. This page provides - Oman Money Supply M0- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Oman decreased to 5228.50 OMR Million in February from 5359.50 OMR Million in January of 2020. Money Supply M1 in Oman averaged 2669.02 OMR Million from 1999 until 2020, reaching an all time high of 5480.30 OMR Million in May of 2015 and a record low of 454.20 OMR Million in October of 1999. This page provides - Oman Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Oman decreased to 6111.50 OMR Million in February from 6291.90 OMR Million in January of 2020. Foreign Exchange Reserves in Oman averaged 4634.56 OMR Million from 2002 until 2020, reaching an all time high of 8725 OMR Million in July of 2016 and a record low of 1167.30 OMR Million in January of 2003. In Oman, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Oman Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Oman decreased 0.51 percent in March of 2020 over the previous month. Inflation Rate Mom in Oman averaged 0.07 percent from 2012 until 2020, reaching an all time high of 0.90 percent in August of 2012 and a record low of -0.59 percent in February of 2014. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Oman Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Sector Credit in Oman increased to 19015.30 OMR Million in February from 18957.60 OMR Million in January of 2020. Private Sector Credit in Oman averaged 11218.63 OMR Million from 2004 until 2020, reaching an all time high of 19027.70 OMR Million in October of 2019 and a record low of 3031.60 OMR Million in February of 2004. This page provides - Oman Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Oman increased to 2132.90 Gigawatt-hour in February from 1947.30 Gigawatt-hour in January of 2020. Electricity Production in Oman averaged 2397.47 Gigawatt-hour from 2008 until 2020, reaching an all time high of 4264.60 Gigawatt-hour in June of 2019 and a record low of 832.20 Gigawatt-hour in December of 2008. This page provides - Oman Electricity Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

CPI Housing Utilities in Oman remained unchanged at 104.20 points in March from 104.20 points in February of 2020. CPI Housing Utilities in Oman averaged 102.99 points from 2013 until 2020, reaching an all time high of 105 points in April of 2018 and a record low of 100 points in February of 2013. This page provides - Oman Cpi Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Oman decreased to 959 BBL/D/1K in January from 970 BBL/D/1K in December of 2019. Crude Oil Production in Oman averaged 878.71 BBL/D/1K from 1994 until 2020, reaching an all time high of 1057 BBL/D/1K in November of 2000 and a record low of 693 BBL/D/1K in July of 2007. This page provides the latest reported value for - Oman Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Price Index CPI in Oman decreased to 105.20 points in March from 105.70 points in February of 2020. Consumer Price Index CPI in Oman averaged 94.24 points from 2004 until 2020, reaching an all time high of 106.70 points in August of 2019 and a record low of 69.80 points in March of 2005. In Oman, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Oman Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Oman was recorded at -0.29 percent in March of 2020. Inflation Rate in Oman averaged 3.09 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -0.55 percent in November of 2015. In Oman, the main components of the consumer price index are: Food, Beverages and Tobacco (30 percent of the total weight); Transport and Communication (22 percent) and Rent, Electricity, Water and Fuel (21 percent). Clothing, Textiles and Footwear account for 8 percent; Personal Care Items and Other Services for 6 percent and Furniture and Housing Materials for 5 percent. Others include: Educational Services (3 percent); Recreation and Entertainment (3 percent) and Medical Care (2 percent). The index has a base of 100 as of 2000. This page provides - Oman Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Oman increased to 18008.60 OMR Million in February from 17921.60 OMR Million in January of 2020. Money Supply M2 in Oman averaged 8066.95 OMR Million from 1999 until 2020, reaching an all time high of 18008.60 OMR Million in February of 2020 and a record low of 2060 OMR Million in August of 1999. Oman Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Oman Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of loans in Oman increased 1.35 percent in February of 2020 over the same month in the previous year. Loan Growth in Oman averaged 13.77 percent from 2005 until 2020, reaching an all time high of 55.17 percent in July of 2008 and a record low of 1.35 percent in February of 2020. This page provides - Oman Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a government budget deficit of 344.40 OMR Million in January of 2020. Government Budget Value in Oman averaged 3452.51 OMR Million from 1980 until 2020, reaching an all time high of 16379 OMR Million in February of 2001 and a record low of -3373.20 OMR Million in December of 2012. The government budget balance is the difference between government revenues and expenses (minus 100 OMR million considered as expenditures under settlement). The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Oman Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Oman stands at BB- with negative outlook. Moody's credit rating for Oman was last set at Ba2 with under review outlook. Fitch's credit rating for Oman was last reported at BB with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Oman thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Oman as reported by major credit rating agencies.

Oman recorded 3224 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Oman reported 15 Coronavirus Deaths. This page includes a chart with historical data for Oman Coronavirus Cases.

Oman recorded 17 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Oman reported 3224 Coronavirus Cases. This page includes a chart with historical data for Oman Coronavirus Deaths.

Oman recorded 1068 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Oman reported 17 Coronavirus Deaths. This page includes a chart with historical data for Oman Coronavirus Recovered.

Consumer Confidence Price Trends in European Union increased to 18.30 in June from 18 in May of 2017. Consumer Confidence Price Trends in European Union averaged 20.75 from 1985 until 2017, reaching an all time high of 48.80 in September of 1990 and a record low of -11.50 in August of 2009. This page includes a chart with historical data for European Union Consumer Confidence Price Trends.

Consumer Confidence Current Conditions in European Union increased to -8.50 in June from -10.40 in May of 2017. Consumer Confidence Current Conditions in European Union averaged -26.18 from 1985 until 2017, reaching an all time high of -4.80 in May of 2000 and a record low of -65.90 in May of 2009. This page includes a chart with historical data for European Union Consumer Confidence Current Conditions.

Consumer Confidence Economic Expectations in European Union increased to -5 in June from -6.90 in May of 2017. Consumer Confidence Economic Expectations in European Union averaged -11.27 from 1985 until 2017, reaching an all time high of 1.40 in April of 2000 and a record low of -39.80 in March of 2009. This page includes a chart with historical data for European Union Consumer Confidence Economic Expectations.

Consumer Confidence Savings Expectations in European Union increased to -0.40 in June from -1.50 in May of 2017. Consumer Confidence Savings Expectations in European Union averaged -7.18 from 1985 until 2017, reaching an all time high of 2.20 in April of 2001 and a record low of -16.60 in February of 1985. This page includes a chart with historical data for European Union Consumer Confidence Savings Expectations.

Consumer Confidence Unemployment Expectations in European Union decreased to 3.50 in June from 5.20 in May of 2017. Consumer Confidence Unemployment Expectations in European Union averaged 24.91 from 1985 until 2017, reaching an all time high of 67.10 in March of 2009 and a record low of 0.80 in May of 2000. This page includes a chart with historical data for European Union Consumer Confidence Unemployment Expectations.

Consumer Confidence Financial Expectations in European Union decreased to 0.20 in June from 0.50 in May of 2017. Consumer Confidence Financial Expectations in European Union averaged -1.89 from 1985 until 2017, reaching an all time high of 5.40 in April of 2001 and a record low of -12.60 in July of 2008. This page includes a chart with historical data for European Union Consumer Confidence Financial Expectations.

The Personal Income Tax Rate in European Union stands at 38.60 percent. Personal Income Tax Rate in European Union averaged 41.13 percent from 1996 until 2018, reaching an all time high of 47 percent in 1996 and a record low of 38 percent in 2009. In the European Union, the Personal Income Tax Rate is an average of the taxes collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. This page provides - European Union Personal Income Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in European Union stands at 21.50 percent. Sales Tax Rate in European Union averaged 18.25 percent from 1968 until 2018, reaching an all time high of 21.60 percent in 2015 and a record low of 13.63 percent in 1969. In the European Union, the sales tax rate is an average of the taxes charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. This page provides - European Union Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in European Union stands at 21.30 percent. Corporate Tax Rate in European Union averaged 26.51 percent from 1996 until 2018, reaching an all time high of 35.20 percent in 1997 and a record low of 21.30 percent in 2018. In the European Union, the Corporate Income tax rate is an average of the taxes collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. This page provides - European Union Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Women in European Union increased to 63.44 in 2018 from 63.31 in 2017. Retirement Age Women in European Union averaged 62.58 from 2009 until 2018, reaching an all time high of 63.44 in 2018 and a record low of 61.24 in 2009. This page provides - European Union Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Men in European Union increased to 64.28 in 2018 from 64.21 in 2017. Retirement Age Men in European Union averaged 63.79 from 2009 until 2018, reaching an all time high of 64.28 in 2018 and a record low of 62.57 in 2009. This page provides - European Union Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.