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Country Report Oman March 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 | 41,901 | 60,566 | 46,865 | 55,081 | 60,846 | 65,734 |
| Nominal GDP (OR m) | 14,151 | 16,111 | 23,288 | 18,020 | 21,179 | 23,395 | 25,275 |
| Real GDP growth (%) | 5.5 | 6.7 | 12.8 | 1.1 | 4.5 | 4.7 | 5.0 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 9.7 | 23.5 | 23.9 | -1.9 | 0.3 | 4.0 | 5.7 |
| Government consumption | 5.0 | 5.8 | 3.5 | 7.6 | 2.0 | 10.0 | 6.5 |
| Gross fixed investment | 14.0 | 36.9 | 28.0 | -8.5 | 3.5 | 6.0 | 7.2 |
| Exports of goods & services | -1.0 | 6.2 | 4.7 | 4.1 | 4.8 | 4.0 | 4.8 |
| Imports of goods & services | 12.5 | 35.4 | 19.8 | -10.3 | 20.0 | 7.0 | 7.6 |
| Origin of GDP (% real change) | |||||||
| Agriculture | -4.6 | 4.6 | 7.2 | 3.6 | 1.6 | 1.6 | 2.6 |
| Industry | -1.7 | 3.6 | 11.5 | 6.1 | 4.6 | 5.1 | 5.5 |
| Services | 12.2 | 9.3 | 14.2 | -1.6 | -1.2 | 4.3 | 4.7 |
| 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 | 22,360 | 24,640 | 22,714 | 22,982 | 23,466 | 24,099 |
| Fiscal indicators (% of GDP) | |||||||
| Public-sector revenued | 35.2 | 36.7 | 32.8 | 37.5 | 37.6 | 36.0 | 35.0 |
| Public-sector expenditure | 34.9 | 36.5 | 32.4 | 41.2 | 36.2 | 34.8 | 34.2 |
| Public-sector balanced | 0.3 | 0.2 | 0.4 | -3.8 | 1.4 | 1.2 | 0.8 |
| Net public debt | 3.8 | 3.1b | 2.5b | 5.4b | 4.2 | 3.6 | 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 | 0.510a | 0.486 | 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 | 7.2 | 7.3 | 7.4 |
| Current account (US$ m) | |||||||
| Trade balance | 11,707 | 10,349 | 17,012 | 11,600 | 15,842 | 18,098 | 17,386 |
| Goods: exports fob | 21,587 | 24,692 | 37,719 | 27,652 | 35,160 | 40,467 | 41,737 |
| Goods: imports fob | -9,880 | -14,343 | -20,707 | -16,052 | -19,317 | -22,369 | -24,351 |
| Services balance | -2,592 | -3,411 | -4,050 | -3,763 | -5,158 | -6,215 | -6,101 |
| Income balance | -666 | -804 | -2,761 | -2,810 | -3,399 | -4,025 | -4,318 |
| 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 | 1,961 | 2,427 | 1,400 |
| External debt (US$ m) | |||||||
| Debt stock | 4,819 | 5,962b | 7,680b | 6,929b | 7,948 | 8,598 | 9,098 |
| Debt service paid | 310 | 626b | 636b | 613b | 517 | 777 | 731 |
| Principal repayments | 139 | 406b | 355b | 348b | 450 | 400 | 325 |
| Interest | 171 | 220b | 281b | 265b | 307 | 377 | 406 |
| Debt service due | 310 | 626b | 636b | 613b | 757 | 777 | 731 |
| International reserves (US$ m) | |||||||
| Total international reserves | 5,014 | 9,524 | 11,582 | 12,204 | 13,025a | 14,224 | 15,424 |
| 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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