GDP in Oman
Oman - GDPThe economy has performed very well recently. Due to higher government revenues, the fiscal deficit was nearly halved in January–June compared to the same period a year earlier. Moreover, in the same period, the merchandise trade surplus widened as higher prices led to a surge in oil and gas exports. This improvement comes after the economy contracted last year following Oman’s compliance with the OPEC agreement to cut oil production. Meanwhile, Petroleum Development Oman, the largest oil producer in the country, said on 4 September that it would raise output capacity by approximately 13% by 2022, which would involve around USD 20 billion of investment.
Oman - GDP Data
|Economic Growth (GDP, annual variation in %)||5.3||1.2||4.7||5.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Oman GDP Chart
Source: National Center for Statistics and Information and Met the why particular calculations.
|Exchange Rate||0.38||0.06 %||Oct 16|
|Stock Market||0.1||0.0 %||Oct 16|
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