Oman

Continent

Asia

Capital

Muscat

Population

3,901,992

Sub-Zones

General Information

Basic details about Oman

Population:: 3,901,992
Area:: 309,500 sq km
Currency:: Omani rials
Languages:: Arabic, English, Baluchi, Swahili, Urdu, Indian dialects

Economic Overview

Key economic indicators for Oman

GDP:: $193.445 billion
GDP per Capita:: $38,300
GDP Growth:: 1.31%
Inflation:: 0.95%
Unemployment:: 1.46%
Public Debt:: 46.9% of GDP
Credit Rating:: B+ (2020)

Political System

Governance structure of Oman

Government Type:: absolute monarchy
Head 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)
Judiciary:: Supreme Court (consists of 5 judges)
Administrative Divisions:: 11 governorates (muhafazat, singular - muhafaza); Ad Dakhiliyah, Al Buraymi, Al Wusta, Az Zahirah, Janub al Batinah (Al Batinah South), Janub ash Sharqiyah (Ash Sharqiyah South), Masqat (Muscat), Musandam, Shamal al Batinah (Al Batinah North), Shamal ash Sharqiyah (Ash Sharqiyah North), Zufar (Dhofar)

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: Yes
Diplomatic Presence:: 2535 Belmont Road, NW, Washington, DC 20008

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

2.3% (2023 est.)

Industry

54.3% (2023 est.)

Services

46.4% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $64.749 billion
Imports:: $47.412 billion

Major Trading Partners

China 43

India 6

Saudi Arabia 5

UAE 5

South Africa 4

Economic Outlook

Oman has a 1.31% GDP growth rate with 0.95% inflation. The economy is characterized by a strong agriculture sector.