Oman country overview
Before we start to discuss Oman GDP first we discuss Oman country overview, so Oman is officially called the Sultanate of Oman. Oman is located in Western Asia. Muscat is the capital and largest city of Oman.
Oman’s official language is Arabic. In religion, 86% Muslims and 14% non-Muslims live in Oman. When we talk about its government system, its government system is a Unitary Islamic Monarchy.
Its monarch name is Haitham bin Tariq. Its total land area is 309,510 km2. Its land area rank is 70th in the world. Its total population is 4,829,470 in the year 2018.
Its population rank is 125th in the world. Oman’s population density is 15/km2. Its population density rank is 177th in the world.
Its currency is formally called the Omani rial. Oman’s economy is generally called the developing and emerging economy and also a high-income economy.
The inflation rate in Oman is 0.9% in the year 2018. Its HDI rate is 0.814 in the year 2019. Its HDI rank is 60th in the world countries. The unemployment rate in Oman is 3% in the year 2018. Its gross external debt is $46 billion in the year 2018.
Oman’s total GDP is $380 billion (nominal) and $200 billion (PPP) in the year 2019. Its GDP rank is 67th (nominal) and 64th (PPP) in the year 2019.
Its GDP growth rate is 2.5% in the year 2021. Its GDP per capita rank is 41st (nominal) and 23rd (PPP) in the year 2019. When we talk about its GDP by sector, agriculture 1.5%, industry 45%, and services 53% in the year 2018.
Its total exports are $21 billion in the year 2017. Its main export goods are petroleum, textile, seafood, and others. Its main export partners are China, Japan, UAE, Saudi Arabia, and others.
Oman’s total imports are $20 billion in the year 2017. Its main import goods are machinery, food products, and others.
References: Worldbank, IMF, Wikipedia.
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