Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 3652.76 3611 3567 3523 3479 3392
Currency 0.38 0.38 0.38 0.38 0.38 0.38

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -0.80 -0.5 -0.5 -0.5 -0.5 3.5
Unemployment Rate (%) 3.10 3.3 3.3 3.3 3.3 3.2
Inflation Rate (%) -1.57 -0.1 1.5 2.5 2 2.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Balance of Trade (OMR Million) 312.70 390 400 560 650 11350
Current Account (OMR Million) -1592.00 -3800 -3800 -3800 -3800 -3800
Current Account to GDP (%) -5.20 -11 -11 -11 -11 -7.5
Government Debt to GDP (%) 55.90 63 60.1 60.1 60.1 57
Government Budget (% of GDP) -7.00 -14.5 -14.5 -14.5 -14.5 -11
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -0.80 -0.5 -0.5 -0.5 -0.5 3.5
GDP (USD Billion) 76.98 72 72 72 72 75
GDP Constant Prices (OMR Million) 28850.10 26109 28706 28706 30613 25979
Gross Fixed Capital Formation (OMR Million) 7110.90 6435 7075 7075 8657 6403
GDP per capita (USD) 14992.60 14615 14615 14615 14615 15150
GDP per capita PPP (USD) 27896.30 25000 25000 25000 25000 28000
Gross National Product (OMR Million) 26987.80 24424 26853 26853 28790 24302
GDP From Agriculture (OMR Million) 690.60 625 687 687 584 622
GDP From Construction (OMR Million) 1854.60 1678 1845 1845 2327 1670
GDP From Manufacturing (OMR Million) 3071.80 2780 3056 3056 2938 2766
GDP From Mining (OMR Million) 125.50 114 125 125 167 113
GDP From Public Administration (OMR Million) 3574.70 3235 3557 3557 4029 3219
GDP From Services (OMR Million) 14128.00 12786 14057 14057 15725 12722
GDP From Transport (OMR Million) 1721.20 1558 1713 1713 1791 1550
GDP From Utilities (OMR Million) 620.30 561 617 617 631 559

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.10 3.3 3.3 3.3 3.3 3.2
Population (Million) 4.50 5.31 5.31 5.31 5.31 5.47

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -1.57 -0.1 1.5 2.5 2 2.5
Consumer Price Index CPI (points) 104.40 105 107 107 106 109
Inflation Rate Mom (%) 0.01 0.3 0.3 0.4 0.5 0.5
Producer Prices (points) 91.90 113 126 115 190 120
Producer Prices Change (%) -9.30 6 13 8.5 7 7
Food Inflation (%) -0.75 1.5 1.3 2 2 2
CPI Housing Utilities (points) 104.30 104 106 107 106 109
CPI Transportation (points) 105.60 110 110 109 108 111

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Money Supply M2 (OMR Million) 19326.00 19671 20026 20381 20735 22036
Deposit Interest Rate (%) 3.45 3.45 3.45 3.45 2.97 3.45
Loan Growth (%) 2.19 4 5 5 6 6

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (OMR Million) 312.70 390 400 560 650 11350
Current Account (OMR Million) -1592.00 -3800 -3800 -3800 -3800 -3800
Current Account to GDP (%) -5.20 -11 -11 -11 -11 -7.5
Imports (OMR Million) 678.10 750 690 690 850 850
Exports (OMR Million) 990.80 1150 1250 1250 12200 1400
Tourist Arrivals (thousand) 13.77 100 120 150 150 250

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 55.90 63 60.1 60.1 60.1 57
Government Budget (% of GDP) -7.00 -14.5 -14.5 -14.5 -14.5 -11
Government Budget Value (OMR Million) -339.70 -350 250 -400 -300 -100
Government Spending (OMR Million) 5825.40 5272 5796 5796 6146 5246

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Sales Tax Rate (%) 5.00 0 0 0 0 0

Consumer Actual Q1 Q2 Q3 Q4 2022
Gasoline Prices (USD/Liter) 0.49 0.45 0.42 0.4 0.38 0.36


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.