GDP in Oman

Oman GDP | Economic News & Forecasts

Oman - GDP

The economy appears on track for an improved performance in 2018 compared to last year, when it was weighed on by reduced oil production. In the first four months of this year, oil and natural gas condensate production remained broadly stable compared to the same period a year ago. Higher international oil prices and additional investments should boost the oil and gas industry going forward. In April, BP and the Oman Oil Company agreed to proceed with the second development phase of the sprawling Khazzan-Makarem gas field. The gas field is currently operating at peak capacity and production should increase 50% by 2021, with the completion of the second development phase. Moreover, on 13 May, Total and Shell both announced they will begin to develop natural gas production facilities in the Greater Barik area of Oman.

Oman - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)5.3  1.2  4.7  5.4  -     

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Oman GDP Chart


Oman GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Center for Statistics and Information and Met the why particular calculations.

Oman Facts

ValueChangeDate
Exchange Rate0.380.06 %Jun 14
Exchange Rate0.380.06 %Jun 14
Stock Market0.10.0 %Jun 13
Stock Market0.10.0 %Jun 13

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