Current Account in Oman

Oman Current Account (USD bn) | Economic News & Forecasts

Oman - Current Account (billions of U.S. Dollars)

The economy has had a mixed few recent months. Oil prices through to early June have averaged above the USD 58 per barrel level that the government projected in its budget for 2019, while oil production increased slightly in January–April. Fiscal pressures should have consequently eased somewhat, although both Moody’s and S&P Global Ratings are still considering downgrading the sovereign credit ratings of cash-strapped Oman. Meanwhile, the non-hydrocarbon economy is seemingly strengthening, with total revenue recorded in the hotel industry rising by over 11% in annual terms in March; new tax exemptions effective 1 June for investors in the tourism sector could hurt the public purse, however.

Oman - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)5.2  4.2  -11.9  -12.3  -     

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Oman Facts

ValueChangeDate
Exchange Rate0.390.06 %Jun 13
Stock Market0.10.0 %Jun 12

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