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Country Report Oman January 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ m) | 36,804 | 41,908 | 60,299 | 46,115 | 55,438 | 61,190 | 67,125 |
| Nominal GDP (OR m) | 14,151 | 16,114 | 23,185 | 17,731 | 21,316 | 23,528 | 25,810 |
| Real GDP growth (%) | 5.5 | 6.8 | 12.8 | 3.0b | 4.1 | 4.3 | 4.7 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 9.7 | 22.2 | 29.9 | 3.2b | 4.6 | 5.2 | 5.7 |
| Government consumption | 5.0 | 5.8 | 5.5 | -3.0b | 5.7 | 6.0 | 6.5 |
| Gross fixed investment | 14.0 | 36.9 | 27.0 | -8.0b | 5.0 | 6.0 | 7.2 |
| Exports of goods & services | -1.0 | 6.2 | 1.7 | 6.0b | 3.2 | 3.1 | 4.0 |
| Imports of goods & services | 12.4 | 35.5 | 20.7 | 7.4b | 5.2 | 6.2 | 7.5 |
| Origin of GDP (% real change) | |||||||
| Agriculture | -4.6 | 4.6 | 0.5 | 1.5b | 1.6 | 1.6 | 2.6 |
| Industry | -1.7 | 3.6 | 11.9 | 0.3b | 4.5 | 4.9 | 5.3 |
| Services | 12.2 | 9.5 | 13.0 | 3.1b | 3.8 | 3.7 | 4.3 |
| Population and income | |||||||
| Population (m) | 2.58 | 2.74 | 2.87 | 3.17 | 3.29 | 3.43 | 3.58 |
| GDP per head (US$ at PPP) | 21,639 | 22,377 | 24,660 | 23,144b | 23,344 | 23,806 | 24,352 |
| Fiscal indicators (% of GDP) | |||||||
| Public-sector revenued | 35.2 | 36.7 | 32.9 | 38.1 | 36.1 | 33.7 | 33.2 |
| Public-sector expenditure | 34.9 | 36.5 | 32.6 | 41.9 | 34.5 | 33.3 | 32.3 |
| Public-sector balanced | 0.3 | 0.2 | 0.4 | -3.8 | 1.6 | 0.4 | 0.9 |
| Net public debt | 3.8 | 3.1b | 2.5b | 5.5b | 4.1 | 3.7 | 3.3 |
| Prices and financial indicators | |||||||
| Exchange rate OR:US$ (end-period) | 0.385 | 0.385 | 0.385 | 0.385 | 0.385a | 0.385 | 0.385 |
| Exchange rate €:OR (end-period) | 0.483 | 0.526 | 0.565 | 0.536 | 0.509a | 0.481 | 0.461 |
| Stock of money M1 (% change) | 8.9 | 45.5 | 4.1 | 18.5 | 18.0 | 18.3 | 17.8 |
| Stock of money M2 (% change) | 24.5 | 34.7 | 23.3 | 4.7 | 8.9 | 11.3 | 12.7 |
| Lending interest rate (end-period; %) | 7.4 | 7.3 | 7.1 | 7.4 | 7.1 | 7.3 | 7.4 |
| Current account (US$ m) | |||||||
| Trade balance | 11,707 | 10,349 | 17,012 | 11,600 | 16,100 | 17,613 | 18,141 |
| Goods: exports fob | 21,587 | 24,692 | 37,719 | 27,652 | 35,403 | 38,312 | 40,656 |
| Goods: imports fob | -9,880 | -14,343 | -20,707 | -16,052 | -19,303 | -20,699 | -22,515 |
| Services balance | -2,592 | -3,411 | -4,050 | -3,763 | -5,733 | -6,138 | -6,084 |
| Income balance | -666 | -804 | -2,761 | -2,810 | -3,357 | -3,469 | -4,004 |
| Current transfers balance | -2,788 | -3,670 | -5,181 | -5,313 | -5,324 | -5,431 | -5,566 |
| Current-account balance | 5,661 | 2,464 | 5,020 | -286 | 1,685 | 2,576 | 2,487 |
| External debt (US$ m) | |||||||
| Debt stock | 4,819 | 5,962b | 7,680b | 6,929b | 7,941 | 8,370 | 8,841 |
| Debt service paid | 310 | 626b | 636b | 613b | 517 | 651 | 735 |
| Principal repayments | 139 | 406b | 355b | 348b | 450 | 286 | 325 |
| Interest | 171 | 220b | 281b | 265b | 307 | 365 | 410 |
| Debt service due | 310 | 626b | 636b | 613b | 757 | 651 | 735 |
| International reserves (US$ m) | |||||||
| Total international reserves | 5,014 | 9,524 | 11,582 | 12,204 | 14,003 | 15,203 | 16,403 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Excludes State General Reserve Fund operations. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
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