Oman: Macroeconomic Data And Forecasts

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Particular

1999 2000e
2000 / 2001
Latest period
2001f   2002f
Nominal GDP(US$bn) 15.6 17.9 - - 18.3 18.6
Nominal GDP growth(%of y-o-y) 10.4 14.4 - - 6.8 6.3
Population(mn) 2.33 2.38 - - 2.43 2.48
Budget balance (% of GDP) -9.9 -2.0 - - -2.4 -2.5
CPI, an. Av. (% y-o-y) 0.5 1.5 - - 2.0 2.0
Oil production (000s b/d)* 910 960 - - 940 9
Oil price (Opec bkt, ave, US$/b) 17.47 27.60 23.53 13-Jul 24.00 18.00
Oil price (Oman blend, ave, US$/b) 17.35 23.56 25.9 Jun 22.00 16
Oil export revenues (US$bn) 5.38 9.20 1.1 Jan-Mar 6.50 4.8
Exports (US$bn) 7.23 11.13 - 8.50 8.50 8.00
Imports (US$bn) 4.67 5.15 - - 5.70 5.8
Trade balance (fob, US$bn) 2.56 5.98 - - 2.80 5.98
Current account balance (US$bn) -0.20 2.30 - - 0.50 1.2
 % of  GDP -1.28 12.85 - - 2.73 6.45
Foreign reserves (ex gold, US$bn) 2.70 2.31 2.13 April 2.50 2.80
Imports cover (months)** 6.6 5.1 - - 5.0 6.9
External debt (US$bn) 6.77 6.96 - - 5.70 5.90

*including condensates. **number of months imports of good and services covered by FX reserves plus gold.


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