|
Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020. Tourism and gas-based industries are key components of the government's diversification strategy. By using enhanced oil recovery techniques, Oman succeeded in increasing oil production in 2009, giving the country more time to diversify. The drop in oil prices in 2008 and the global financial crisis reduced Oman's budget surplus in 2009 and slowed the pace of investment and development projects, but GDP growth still was positive, in part because Muscat implemented an expansionary fiscal policy.
|
|
|
$72.88 billion (2009 est.)
country comparison to the world: 80
$71.45 billion (2008 est.)
$63.32 billion (2007 est.)
note:
data are in 2009 US dollars
|
|
|
$53.4 billion (2009 est.)
|
|
|
2% (2009 est.)
country comparison to the world: 83
12.8% (2008 est.)
6.8% (2007 est.)
|
|
|
$25,000 (2009 est.)
country comparison to the world: 52
$25,000 (2008 est.)
$22,600 (2007 est.)
note:
data are in 2009 US dollars
|
|
|
agriculture: 1.4%
industry:
48.6%
services:
49.9% (2009 est.)
|
|
|
968,800
country comparison to the world: 142
note:
about 60% of the labor force is non-national (2007)
|
|
|
agriculture: NA%
industry:
NA%
services:
NA%
|
|
|
15% (2004 est.)
country comparison to the world: 149
|
|
|
NA%
|
|
|
lowest 10%: NA%
highest 10%:
NA%
|
|
|
33.6% of GDP (2009 est.)
country comparison to the world: 13
|
|
|
revenues: $18.86 billion
expenditures:
$18.39 billion (2009 est.)
|
|
|
4.5% of GDP (2009 est.)
country comparison to the world: 127
2.5% of GDP (2008 est.)
|
|
|
3.5% (2009 est.)
country comparison to the world: 116
12.5% (2008 est.)
|
|
|
0.91% (31 December 2008)
country comparison to the world: 133
1.98% (31 December 2007)
|
|
|
7.1% (31 December 2008)
country comparison to the world: 123
7.29% (31 December 2007)
|
|
|
$5.25 billion (31 December 2008)
country comparison to the world: 65
$5.044 billion (31 December 2007)
|
|
|
$14.57 billion (31 December 2008)
country comparison to the world: 58
$11.04 billion (31 December 2007)
|
|
|
$17.83 billion (31 December 2008)
country comparison to the world: 68
$13.88 billion (31 December 2007)
|
|
|
$17.3 billion (31 December 2009)
country comparison to the world: 64
$14.91 billion (31 December 2008)
$23.06 billion (31 December 2007)
|
|
|
dates, limes, bananas, alfalfa, vegetables; camels, cattle; fish
|
|
|
crude oil production and refining, natural and liquefied natural gas (LNG) production; construction, cement, copper, steel, chemicals, optic fiber
|
|
|
3.5% (2009 est.)
country comparison to the world: 36
|
|
|
13.58 billion kWh (2007 est.)
country comparison to the world: 82
|
|
|
11.36 billion kWh (2007 est.)
country comparison to the world: 82
|
|
|
0 kWh (2008 est.)
|
|
|
0 kWh (2008 est.)
|
|
|
816,000 bbl/day (2009 est.)
country comparison to the world: 25
|
|
|
84,000 bbl/day (2009 est.)
country comparison to the world: 83
|
|
|
593,700 bbl/day (2008 est.)
country comparison to the world: 25
|
|
|
17,290 bbl/day (2007 est.)
country comparison to the world: 118
|
|
|
5.5 billion bbl (1 January 2009 est.)
country comparison to the world: 24
|
|
|
24 billion cu m (2008 est.)
country comparison to the world: 28
|
|
|
13.46 billion cu m (2008 est.)
country comparison to the world: 41
|
|
|
10.89 billion cu m (2008 est.)
country comparison to the world: 19
|
|
|
350 million cu m (2008 est.)
country comparison to the world: 61
|
|
|
849.5 billion cu m (1 January 2009 est.)
country comparison to the world: 29
|
|
|
-$1.108 billion (2009 est.)
country comparison to the world: 131
$5.469 billion (2008 est.)
|
|
|
$27.65 billion (2009 est.)
country comparison to the world: 60
$37.72 billion (2008 est.)
|
|
|
petroleum, reexports, fish, metals, textiles
|
|
|
China 26.98%, South Korea 17.19%, Japan 12.12%, UAE 11.23%, Thailand 7.64% (2009)
|
|
|
$18.46 billion (2009 est.)
country comparison to the world: 70
$20.71 billion (2008 est.)
|
|
|
machinery and transport equipment, manufactured goods, food, livestock, lubricants
|
|
|
UAE 22.9%, Japan 13.99%, US 6.46%, China 5.64%, India 5.27%, France 5.19%, South Korea 4.65% (2009)
|
|
|
$12.2 billion (31 December 2009 est.)
country comparison to the world: 64
$11.58 billion (31 December 2008 est.)
|
|
|
$7.474 billion (31 December 2009 est.)
country comparison to the world: 91
$7.68 billion (31 December 2008 est.)
|
|
|
$NA
|
|
|
$NA
|
|
|
Omani rials (OMR) per US dollar - 0.3845 (2009), 0.3845 (2008), 0.3845 (2007), 0.3845 (2006), 0.3845 (2005)
|
|
|