| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 8.77 | 4.76 | 3.13 | 4.23 | 2.54 | 2.58 | 7.99 | 1.19 | 1.67 | 2.33 |
| CPI % | 1.89 | 0.48 | 2.92 | 3.4 | 1.28 | 1.66 | 2.51 | 0.95 | 0.59 | 1.5 |
| Debt/GDP % | 17.78 | 23.7 | 11.19 | 5.63 | 26.61 | 61.87 | 41.67 | 37.49 | 35.52 | 35.45 |
| Current account balance/GDP % | 3.46 | -3.32 | 8.19 | 3.35 | -3.93 | -5.54 | 3.97 | 2.49 | 2.18 | -1.47 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
The inhabitants of the area of present-day Oman have long prospered from Indian Ocean trade. In the late 18th century, the nascent sultanate in Muscat signed the first in a series of friendship treaties with Britain. Over time, Oman's dependence on British political and military advisors increased, although the sultanate never became a British colony. In 1970, QABOOS bin Said Al Said overthrew his father and ruled as sultan for the next five decades. His extensive modernization program opened the country to the outside world. He prioritized strategic ties to the UK and US, and his moderate, independent foreign policy allowed Oman to maintain good relations with its neighbors and avoid external entanglements.In 2011, the popular uprisings that swept the Middle East and North Africa inspired demonstrations in Oman that called for more jobs and economic benefits and an end to corruption. In response, QABOOS implemented economic and political reforms such as granting Oman’s legislative body more power and authorizing direct elections for its lower house. Additionally, the sultan increased unemployment benefits and issued a royal directive mandating a national public- and private-sector job creation plan. As part of the government's efforts to decentralize authority and allow greater citizen participation in local governance, Oman successfully conducted its first municipal council elections in 2012. QABOOS, Oman's longest reigning monarch, died in 2020. His cousin, HAYTHAM bin Tariq Al Said, former Minister of Heritage and Culture, was sworn in as Oman's new sultan the same day.
Area: 309,500 km2
Climate: dry desert; hot, humid along coast; hot, dry interior; strong southwest summer monsoon (May to September) in far south
Natural resources: petroleum, copper, asbestos, some marble, limestone, chromium, gypsum, natural gas
Groups: Arab, Baluchi, South Asian (Indian, Pakistani, Sri Lankan, Bangladeshi), African
Languages: Arabic (official), English, Baluchi, Swahili, Urdu, Indian dialectsmajor-language sample(s): كتاب حقائق العالم، المصدر الذي لا يمكن الاستغناء عنه للمعلومات الأساسية (Arabic)The World Factbook, the indispensable source for basic information.
Religions: Muslim 85.9%, Christian 6.4%, Hindu 5.7%, other and unaffiliated 2% (2020 est.)note: Omani citizens represent approximately 56.4% of the population and are overwhelming Muslim (Ibadhi and Sunni sects each constitute about 45% and Shia about 5%); Christians, Hindus, and Buddhists account for roughly 5% of Omani citizens
Capital: Muscat
Government type: absolute monarchy
Chief of state: Sultan and Prime Minister HAITHAM bin Tarik Al Said (since 11 January 2020)
Head of government: Sultan and Prime Minister HAITHAM bin Tarik Al Said (since 11 January 2020)cabinet: Cabinet appointed by the monarchnote: the monarch is both chief of state and head of government
Description: legislature name: Majleslegislative structure: bicameral
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"