Oman

Description of Oman

Oman, a nation on the southeastern coast of the Arabian Peninsula, stands at a pivotal crossroads of geopolitics and economic development in the Gulf region. With a rich history rooted in maritime trade and a strategic location overlooking the Arabian Sea and the Persian Gulf, Oman has emerged as a key player in regional affairs. As Oman navigates through the complexities of modernization and diversification of its economy, understanding the macroeconomic indicators and geopolitical dynamics shaping the country's trajectory is crucial for investors, policymakers, and analysts alike.

Population And Age Structure

For Population, total, Oman has a value of 4,543,399, which is below the average of 40,097,746. Oman ranks 124 out of 194 countries.

Population ages 0-14 (% of total population) in Oman is 25.64%, slightly below the average of 27.34%. Oman ranks 101 out of 194 countries.

Oman's Population ages 0-14, total is 1,165,085, considerably below the average of 10,327,379. Oman ranks 116 out of 194 countries.

For Population ages 15-64 (% of total population), Oman has 71.60%, above the average of 63.44%. Oman ranks 12 out of 194 countries.

Population ages 15-64, total in Oman is 3,253,083, significantly below the average of 26,003,407. Oman ranks 121 out of 194 countries.

Oman's Population ages 65 and above (% of total population) is 2.76%, much below the average of 9.22%. Oman ranks 173 out of 194 countries.

Population ages 65 and above, total in Oman is 125,231, well below the average of 3,766,959. Oman ranks 145 out of 194 countries.

Summary

Oman has a total population significantly below the global average, with a lower percentage of children and elderly individuals compared to the average. However, it has a higher percentage of working-age population, which could indicate a potential demographic dividend for economic development. These demographic indicators are crucial for policymakers to plan healthcare, education, and social security systems efficiently to support the country's population structure.

Population Miscellaneous

- The Rural population in Oman is 623,536, significantly below the attribute average of 18,044,041. Oman ranks 144th out of 190 countries in this category.
- Oman's Rural population (% of total population) is 13.724, well below the average of 41.158%. This places Oman at the 165th position out of 190 countries.
- The Urban population of 3,919,863 in Oman is notably lower than the attribute average of 22,425,747. Oman ranks 106th out of 194 countries in this aspect.
- Oman's Urban population (% of total population) stands at 86.276%, above the average of 59.691%. This places Oman at the 30th position out of 194 countries.
- Oman's Age dependency ratio (% of working-age population) is 39.664%, below the average of 59.219%. Oman ranks 183rd out of 194 countries in this metric.
- The Birth rate, crude, in Oman is 18.791 per 1,000 people, slightly below the average of 19.384. Oman ranks 84th out of 192 countries in this aspect.
- Oman's Death rate, crude, is 3.025 per 1,000 people, substantially lower than the average of 8.214. Oman ranks 187th out of 192 countries in this category.
- The Fertility rate, total, in Oman is 2.687 births per woman, slightly above the average of 2.603. Oman ranks 73rd out of 190 countries concerning this metric.

Summary

Oman has a smaller rural population and a higher urban population compared to global averages. Additionally, the country has a lower age dependency ratio, a lower crude death rate, and a slightly higher fertility rate. These indicators suggest that Oman has a relatively young population with a higher urban concentration, low dependency ratio, and favorable birth and death rates, which could potentially impact its economic development and social welfare programs in the long term.

Military

Analysis of Key Military Statistics for Oman:

Summary

Oman's military expenditure is below the global average, yet it allocates a higher percentage of its GDP to defense compared to most countries. Although its arms imports are below average, Oman has a relatively smaller armed forces personnel count but a higher percentage in relation to its total labor force.

These statistics are crucial as they indicate Oman's strategic priorities and security concerns. The higher percentage of GDP spent on the military suggests a strong focus on defense readiness and national security. Additionally, the relatively high proportion of armed forces personnel compared to the labor force may signify a significant reliance on the military for employment and security-related roles within the country.

Natural Resources

- Oman's forest area spans 25 sq. km, significantly lower than the average of 211,606 sq. km, ranking 183rd out of 191 countries in the dataset.
- With a land area of 309,500 sq. km, Oman falls below the average of 665,167 sq. km, ranking 68th out of 194 countries.
- Oman's surface area matches its land area at 309,500 sq. km, below the average of 689,780 sq. km, placing Oman at 70th out of 194 countries.
- The country has 74,660 hectares of arable land, a small figure compared to the average of 7,329,543 hectares, ranking 152nd out of 190 countries.
- Oman cultivates 9,778 hectares of land under cereal production, way below the average of 4,206,012 hectares, also ranking 152nd out of 174 countries.
- With an average annual precipitation of 125 mm, Oman experiences significantly lower rainfall compared to the average of 1,158 mm, ranking 168th out of 178 countries.
- Oman's renewable internal freshwater resources total 1.4 billion cubic meters, far less than the average of 240.41 billion cubic meters, placing Oman at 152nd out of 178 countries in the dataset.

Summary

Oman lags behind global averages and ranks relatively low among countries in key environmental indicators such as forest area, land area, arable land, cereal production, precipitation, and renewable freshwater resources. These statistics are crucial as they highlight Oman's environmental vulnerability, limited agricultural potential, and challenges regarding water resources management, emphasizing the need for sustainable environmental policies and resource utilization strategies to ensure long-term ecological and agricultural sustainability in the country.

Resource Rents

Total natural resources rents (% of GDP): Oman's value for this attribute is 18.89, which is significantly higher than the average of 4.63. This places Oman at rank 9 out of 175 countries in the dataset.

Forest rents (% of GDP): Oman's value for this attribute is 0.002, much lower than the average of 1.53, placing Oman at rank 163 out of 174 countries in the dataset.

Oil rents (% of GDP): Oman's value for this attribute is 14.99, substantially higher than the average of 2.51. Oman ranks 6 out of 117 countries in this dataset.

Natural gas rents (% of GDP): Oman's value for this attribute is 3.89, above the average of 1.25. Oman is ranked 9 out of 96 countries in the dataset for this attribute.

Summary

Oman stands out in terms of its natural resources rents, particularly in oil rents where it ranks 6th globally. The country's heavy reliance on oil and gas rents, which are significantly higher than the global averages, highlights the importance of diversifying its economy to mitigate risks associated with fluctuating commodity prices and ensure sustainable long-term economic growth.

Commodities

1. Cereal production (metric tons): Oman's cereal production of 183,838 metric tons is significantly below the average of 17,249,945.92 metric tons, ranking 134th out of 174 countries in the dataset.

2. Aquaculture production (metric tons): Oman's aquaculture production of 1,307 metric tons is well below the average of 679,642.92 metric tons, ranking 120th out of 180 countries in the dataset.

3. Capture fisheries production (metric tons): Oman's capture fisheries production of 793,418.95 metric tons is above the average of 467,453.06 metric tons, ranking 22nd out of 190 countries in the dataset.

4. Total fisheries production (metric tons): Oman's total fisheries production of 794,725.95 metric tons is below the average of 1,153,914.85 metric tons, ranking 31st out of 182 countries in the dataset.

5. Fertilizer consumption (kilograms per hectare of arable land): Oman's fertilizer consumption of 457.66 kilograms per hectare of arable land is well above the average of 159.04 kilograms, ranking 11th out of 187 countries in the dataset.

Summary

Oman's agricultural sector shows varying levels of performance in different areas compared to global averages. While the country lags behind in cereal and aquaculture production, it excels in capture fisheries production. However, Oman's total fisheries production remains below average. One standout area is Oman's high fertilizer consumption per hectare of arable land, indicating a strong investment in agricultural inputs for potentially higher yields and productivity.

Intellectual Property

1. For Industrial design applications by nonresident entities, Oman has a value of 472 which is below the average of 1415.83. Oman ranks 43 out of 112 countries in this dataset.

2. Oman's Industrial design applications by resident entities are significantly below average with a value of 20 compared to the average of 9799.58. Oman ranks 89 out of 113 countries in this dataset.

3. In terms of Patent applications by nonresidents, Oman's value of 519 falls below the average of 6538.40. Oman holds the 43rd rank out of 129 countries.

4. Similarly, Oman's Patent applications by residents are notably low at 11, well below the average of 19037.56. Oman ranks 96 out of 117 countries in this dataset.

5. Oman's Trademark applications by nonresident entities stand at 7218, below the average of 15878.93. Oman holds the 52nd rank out of 130 countries in this category.

6. For Trademark applications by resident entities, Oman's value of 5371 is significantly lower than the average of 111055.78. Oman ranks 59 out of 129 countries.

7. Oman's output of Scientific and technical journal articles is 1083.3, below the average of 15103.76. Oman ranks 81 out of 192 countries in this dataset.

8. Charges for the use of intellectual property in Oman amount to 222,430,780.15 USD, significantly below the average of 3,218,843,494.39 USD. Oman ranks 58 out of 143 countries in this category.

9. Oman has 372.68 Researchers in R&D per million people, far below the average of 2556.45. Oman ranks 60 out of 72 countries in this dataset.

Summary

Oman's performance in key macroeconomic indicators related to intellectual property, research and development, and innovation is notably below global averages. This is significant as it indicates a potential lack of investment and focus on these critical areas that are essential for long-term economic growth and competitiveness in the global market. Addressing these disparities through increased funding, policies supporting innovation, and fostering a culture of research and development could help Oman improve its position and enhance its overall economic prospects.

Broad Economy Attributes

- Oman's GDP (current US$) of 75.91 billion is below the average of 442.87 billion, ranking 68th out of 189 countries.

- Oman's GDP, PPP (current international $) of 158.80 billion is below the average of 734.14 billion, ranking 73rd out of 181 countries.

- Oman's GDP per capita (current US$) of 16,707 is above the average of 15,462, ranking 49th out of 190 countries.

- Oman's GDP per capita, PPP (current international $) of 34,952 is above the average of 21,251, ranking 42nd out of 181 countries.

- Oman's GNI (current US$) of 70.60 billion is below the average of 452.04 billion, ranking 68th out of 185 countries.

- Oman's GNI, PPP (current international $) of 147.70 billion is below the average of 730.69 billion, ranking 73rd out of 181 countries.

- Oman's GNI per capita, PPP (current international $) of 32,510 is above the average of 20,615, ranking 44th out of 181 countries.

Summary

Oman's GDP figures, both in current US dollars and PPP, are below the global averages, positioning the country in the lower half in terms of economic size internationally. However, when it comes to GDP per capita, both in current US dollars and PPP, Oman performs better, ranking above average globally. Similarly, in GNI per capita, PPP, Oman exceeds the average, highlighting a relatively higher standard of living for its population.

These statistics are important as they provide insights into Oman's economic standing compared to the world, indicating areas of strength and areas that may require further development. The higher GDP per capita and GNI per capita, PPP figures suggest a relatively favorable economic condition for the individual citizens of Oman, despite the country's lower overall GDP and GNI figures on a global scale.

Broad Value Added

Oman's Gross Value Added at Basic Prices (GVA) is $77,316,133,94.0182, ranking 61 out of 176 countries. This value is significantly below the attribute average of $360,070,943,595.1235.

The country's Agriculture, forestry, and fishing value added (% of GDP) is 2.47%, ranking 139 out of 182 countries. This percentage is substantially lower than the attribute average of 10.86%.

Oman's Agriculture, forestry, and fishing value added in current US dollars is $1,874,460,858.25748, placing it at the 108th position out of 182 countries. The value is notably lower than the attribute average of $19,924,732,828.066864.

Services value added (% of GDP) in Oman is 55.02%, ranking 96 out of 183 countries. This percentage is slightly below the attribute average of 56.72%.

The country's Services value added in current US dollars is $41,768,4876.2939, ranked 70 out of 183 countries. This amount is notably lower than the attribute average of $295,837,711,130.6942.

Oman's Industry (including construction) value added in current US dollars is $35,789,608,582.5748, positioning it at 56 out of 183 countries. The value is significantly below the attribute average of $118,421,095,413.5021.

Summary

Oman's macroeconomic indicators reveal a concerning trend of lagging behind global averages in various key sectors. With notably lower Gross Value Added at Basic Prices, Agriculture, forestry, and fishing value added, Services value added, and Industry value added in current US dollars compared to the attribute averages, Oman faces challenges in diversifying its economy and boosting productivity. These indicators suggest a need for strategic reforms and investments to enhance competitiveness, foster economic growth, and reduce dependency on oil revenue.

Manufacturing Value Added

- Manufacturing, value added (current US$): Oman's value of 6.34 billion USD is significantly below the average of 76.21 billion USD, ranking 78th out of 173 countries.
- Manufacturing, value added (% of GDP): With 8.36% contribution to GDP, Oman falls below the average of 11.90%, placing 117th out of 173 countries.
- Medium and high-tech manufacturing value added (% manufacturing value added): Oman's 45.02% surpasses the average of 24.49%, ranking 20th out of 149 countries.
- Chemicals (% of value added in manufacturing): The 37.24% contribution from chemicals in Oman exceeds the average of 11.56%, positioning Oman at 2nd out of 89 countries.
- Food, beverages and tobacco (% of value added in manufacturing): Oman's 7.11% deviates below the average of 24.51%, placing 89th out of 92 countries.
- Machinery and transport equipment (% of value added in manufacturing): Oman's 4.95% falls short of the average of 16.85%, ranking 69th out of 93 countries.
- Textiles and clothing (% of value added in manufacturing): Oman's 0.12% is notably less than the average of 6.33%, positioning Oman at 92nd out of 93 countries.
- Other manufacturing (% of value added in manufacturing): Oman's 50.57% is higher than the average of 42.13%, ranking 21st out of 94 countries.

Summary

Oman's manufacturing sector displays strengths in high-tech manufacturing and chemicals, where it surpasses global averages and ranks highly compared to other countries. However, it lags behind in areas such as food, beverages, machinery, textiles, and clothing. These statistics are important as they highlight Oman's areas of comparative advantage and areas that may require further development to enhance industrial diversification and competitiveness in the global market.

Money

For the "Inflation, consumer prices (annual %)" attribute, Oman has a value of -0.90%, which is below the average of 8.26%. This places Oman at the 155th rank out of 165 countries included in the data.

Regarding the "Inflation, GDP deflator (annual %)" attribute, Oman's value of -10.78% is notably below the average of 6.90%. This places Oman at the 180th rank out of 188 countries included in the data for this attribute.

Summary

Oman demonstrates a low rate of inflation in both consumer prices and GDP deflator compared to the global averages, ranking 155th out of 165 and 180th out of 188 countries respectively. This suggests that Oman's economy may be experiencing deflationary pressures, which could impact consumer spending, investment decisions, and overall economic growth within the country.

Consumption Expenditure

Final consumption expenditure (current US$): Oman's value of $53,245,194,278.28 is below the average of $381,630,252,515.38. Oman ranks 68 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Oman's value of 70.14% is below the average of 82.37%. Oman ranks 131 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): Oman's value of $19,786,459,557.87 is below the average of $93,676,578,238.03. Oman ranks 60 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Oman's value of 26.07% is above the average of 18.71%. Oman ranks 17 out of 158 countries in this attribute.

Household and NPISHs Final consumption expenditure (current US$): Oman's value of $33,458,734,720.42 is below the average of $290,127,571,157.69. Oman ranks 74 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Oman's value of 44.08% is below the average of 63.68%. Oman ranks 141 out of 158 countries in this attribute.

Summary

Oman's final consumption expenditure, both in absolute terms and as a percentage of its GDP, is below the global average, indicating potential room for economic growth and development. While the government's final consumption expenditure surpasses the average percentage of GDP spent by governments globally, household and NPISHs expenditure lags behind. These indicators are crucial as they reflect the country's economic health, level of public and private spending, and overall economic performance compared to other nations.

Equities

- Listed domestic companies, total: Oman has 111 listed domestic companies, which is significantly below the average of 636.625. This places Oman at rank 39 out of 72 countries.
- Stocks traded, total value (current US$): The total value of stocks traded in Oman is 1,040,880,000 USD, much lower than the average of 1,379,501,820.9119 USD. Oman ranks 45th out of 71 countries in this aspect.
- Stocks traded, total value (% of GDP): Oman's value of stocks traded as a percentage of GDP is 1.37%, well below the average of 31.65%. Oman ranks 43rd out of 71 countries.
- Market capitalization of listed domestic companies (current US$): The market capitalization of listed domestic companies in Oman is 16,480,520,000 USD, far below the average of 1,196,037,851,618.8787 USD. Oman ranks 51st out of 73 countries.
- Market capitalization of listed domestic companies (% of GDP): Oman's market capitalization of listed domestic companies as a percentage of GDP is 21.71%, significantly lower than the average of 71.24%. Oman ranks 52nd out of 73 countries.
- S&P Global Equity Indices (annual % change): Oman has experienced a negative annual % change of -6.16% in the S&P Global Equity Indices, much lower than the average of 2.06%. Oman ranks 50th out of 79 countries.

Summary

Oman's key macroeconomic indicators such as the number of listed domestic companies, total stock value, stock value as a percentage of GDP, market capitalization, and S&P Global Equity Indices all rank below global averages. This suggests that Oman's stock market and equity performance are relatively weaker compared to other countries, indicating potential challenges in attracting investment and driving economic growth. These findings are crucial for policymakers and investors to assess Oman's market competitiveness and opportunities for improving capital market efficiency and performance.

Investment

Foreign direct investment, net (BoP, current US$): Oman's value of -2752925877.76 is below the average of -1615235980.51. Oman ranks 133 out of 169 countries in this dataset.

Foreign direct investment, net inflows (BoP, current US$): Oman's value of 1913654096.23 is below the average of 5749271080.15. Oman ranks 51 out of 182 countries in this dataset.

Foreign direct investment, net inflows (% of GDP): Oman's value of 2.52% is below the average of 2.61%. Oman ranks 74 out of 178 countries in this dataset.

Foreign direct investment, net outflows (BoP, current US$): Oman's value of -839271781.53 is below the average of 5707991116.07. Oman ranks 144 out of 156 countries in this dataset.

Foreign direct investment, net outflows (% of GDP): Oman's value of -1.11% is below the average of 1.00%. Oman ranks 138 out of 155 countries in this dataset.

Portfolio Investment, net (BoP, current US$): Oman's value of -1802985369.67 is below the average of 679559169.57. Oman ranks 132 out of 159 countries in this dataset.

Portfolio equity, net inflows (BoP, current US$): Oman's value of 1122496749.02 is below the average of 9197145994.70. Oman ranks 19 out of 125 countries in this dataset.

Summary

Oman's performance in key macroeconomic indicators related to foreign direct investment and portfolio investment is below average compared to other countries. This signifies a challenge in attracting significant foreign investments and highlights potential areas for improvement in the country's investment climate. Addressing these issues is crucial for Oman's economic development and competitiveness in the global market.

Broad Trade Attributes

For Trade (% of GDP), Oman's value of 91.88% is above the average of 82.34%. Oman ranks 43 out of 163 countries in this attribute.

Merchandise trade (% of GDP) in Oman is 81.66%, which is above the average of 60.01%. Oman ranks 33 out of 186 countries in this aspect.

Trade in services (% of GDP) stands at 14.10% for Oman, below the average of 24.63%. Oman ranks 92 out of 171 countries in this metric.

Oman's External balance on goods and services (current US$) is $1,697,487,126.14, which is below the average of $3,405,509,011.13. Oman ranks 47 out of 163 countries in this category.

External balance on goods and services (% of GDP) for Oman is 2.24%, above the average of -5.97%. Oman ranks 47 out of 163 countries in this parameter.

Summary

Oman demonstrates a strong reliance on trade, with Trade (% of GDP) and Merchandise trade (% of GDP) significantly above global averages, indicating the importance of international trade to the country's economy. However, Oman's Trade in services (% of GDP) is below average, highlighting potential areas for growth and diversification. Despite a positive External balance on goods and services in absolute terms, the percentage of GDP derived from this balance is still below the global average, suggesting room for further economic development and efficiency improvements in Oman's external trade.

These findings are crucial as they provide insights into Oman's economic structure and its integration with the global economy. Understanding these indicators helps policymakers, investors, and analysts assess Oman's economic competitiveness, vulnerability to external shocks, and potential for sustainable growth through trade diversification and efficiency enhancements.

Net Trade

1. Current account balance (BoP, current US$): Oman's current account balance is -12263027284.83, which is significantly below the attribute average of 1443864831.49. Oman ranks 157 out of 170 countries in this data.

2. Current account balance (% of GDP): Oman's current account balance as a percentage of GDP is -16.15%, much lower than the attribute average of -2.36%. Oman is ranked 160 out of 170 countries in this data.

3. Net trade in goods and services (BoP, current US$): Oman's net trade in goods and services is 1864257543.52, below the attribute average of 2604730003.57. Oman ranks 50 out of 171 countries in this data.

4. Net primary income (BoP, current US$): Oman's net primary income is -5307911616.39, lower than the attribute average of -903807529.74. Oman is ranked 145 out of 170 countries in this data.

5. Net secondary income (BoP, current US$): Oman's net secondary income is -8819373211.96, significantly below the attribute average of -269227340.40. Oman ranks 157 out of 170 countries in this data.

6. Net trade in goods (BoP, current US$): Oman's net trade in goods is 8084308992.92, above the attribute average of 1302831005.68. Oman is ranked 31 out of 171 countries in this data.

7. Net capital account (BoP, current US$): Oman's net capital account is 179713914.17, higher than the attribute average of 136543824.05. Oman ranks 49 out of 159 countries in this data.

8. Net financial account (BoP, current US$): Oman's net financial account is -11208798113.49, well below the attribute average of -469840994.63. Oman is ranked 158 out of 170 countries in this data.

Summary

Oman faces significant challenges in its current account balance, with deficits in both the overall balance and as a percentage of GDP. The country also struggles in net primary and secondary income, affecting its overall economic stability. However, Oman performs relatively well in net trade in goods and services, showcasing potential for growth in the export sector. These indicators are crucial as they reflect Oman's economic resilience, dependence on foreign trade, and ability to attract foreign investment.

Broad Export Attributes

Oman's Exports of goods, services and primary income (BoP, current US$) amount to $36,558,825,599.21, which is significantly below the average of $146,238,908,936.30. The country is ranked 62 out of 170 countries in this dataset.

Oman's Exports of goods and services (BoP, current US$) total $35,691,352,884.52, falling below the average of $122,938,540,059.78. Oman holds the 61st position out of 170 countries.

In the category of Exports of goods and services (current US$), Oman records $35,719,888,946.68, lower than the average of $129,596,864,610.19. Oman ranks 61st out of 163 countries.

Oman's Exports of goods and services (% of GDP) stands at 47.06%, above the average of 38.19%. The country is ranked 38th out of 163 countries.

For Goods exports (BoP, current US$), Oman reports $33,448,398,916.49, which is below the average of $93,310,581,697.39. Oman holds the 52nd position out of 171 countries.

Oman's International tourism, receipts (% of total exports) is at 1.87%, below the average of 9.74%. Oman is placed 89th out of 120 countries in this metric.

Regarding ICT goods exports (% of total goods exports), Oman's value is 0.81%, lower than the average of 3.81%. The country ranks 68th out of 142 countries.

Summary

Oman's export performance across various categories falls below global averages, indicating potential challenges in diversifying its economy and increasing competitiveness in international markets. The country's lower-than-average international tourism receipts and ICT goods exports suggest opportunities for further development in these sectors to enhance revenue streams and boost overall economic growth and resilience.

Merchandise Exports

- Merchandise exports (current US$): Oman's merchandise exports amount to $33,479,000,000. This is below the average of $89,542,711,229.95. Oman ranks 56th out of 187 countries in this attribute data. - Agricultural raw materials exports (% of merchandise exports): Oman's percentage of agricultural raw materials exports is 0.12%, significantly below the average of 2.97%. Oman ranks 130th out of 151 countries. - Food exports (% of merchandise exports): Oman's food exports account for 5.44% of merchandise exports, lower than the average of 24.06%. Oman ranks 124th out of 152 countries. - Fuel exports (% of merchandise exports): Oman's fuel exports represent 63.63% of merchandise exports, well above the average of 13.70%. Oman ranks 10th out of 147 countries. - Ores and metals exports (% of merchandise exports): Oman's ores and metals exports make up 6.18% of merchandise exports, below the average of 9.10%. Oman ranks 48th out of 152 countries. - Merchandise exports by the reporting economy, residual (% of total merchandise exports): Oman's residual exports account for 5.37% of total merchandise exports, higher than the average of 3.20%. Oman ranks 21st out of 166 countries.

Summary

Oman relies heavily on fuel exports, which account for a significant portion of its total merchandise exports, ranking 10th globally in this category. However, the country lags behind in agricultural raw materials and food exports, ranking 130th and 124th respectively. Diversifying its export base beyond fuel could help Oman reduce its economic dependence on a single commodity, thereby increasing its resilience to market fluctuations and enhancing overall economic stability.

Technology Exports

1. Manufactures exports (% of merchandise exports): Oman's value for this attribute is 24.04%, which is below the average of 42.62%. Oman ranks 95th out of 152 countries in this category.

2. High-technology exports (current US$): Oman's high-technology exports amount to $589,208,754, significantly below the average of $16,655,934,078.80. Oman ranks 59th out of 151 countries in this aspect.

3. High-technology exports (% of manufactured exports): Oman's percentage for high-technology exports is 8.50%, slightly under the average of 10.15%. Oman ranks 62nd out of 150 countries in this metric.

4. Medium and high-tech exports (% manufactured exports): Oman's value for this attribute is 38.13%, higher than the average of 34.29%. Oman ranks 62nd out of 149 countries in this category.

Summary

Oman has a lower than average performance in key macroeconomic indicators related to exports. It ranks below average in manufactures exports, high-technology exports, high-technology exports as a percentage of manufactured exports, and medium and high-tech exports as a percentage of manufactured exports. These indicators are important as they reflect Oman's level of technological advancement, diversification of exports, and global competitiveness.

Service Exports

1. Service exports (BoP, current US$): Oman's service exports amount to 2,242,953,968.03 USD, significantly below the average of 28,917,292,503.82 USD. Oman is ranked 85th out of 171 countries in this category.

2. ICT service exports (BoP, current US$): Oman's ICT service exports stand at 235,596,976.59 USD, well below the average of 4,578,501,153.77 USD. Oman ranks 76th out of 166 countries for this indicator.

3. ICT service exports (% of service exports, BoP): Oman's ICT service exports as a percentage of total service exports are 10.50%, slightly lower than the average of 11.75%. The country holds the 67th rank out of 166 countries in this aspect.

4. Communications, computer, etc. (% of service exports, BoP): Oman's value in this category is 28.29%, significantly below the average of 45.85%. Oman ranks 123rd out of 169 countries for this metric.

5. Transport services (% of service exports, BoP): Oman's transport services constitute 48.91% of its service exports, higher than the average of 21.80%. Oman is ranked 17th out of 169 countries in this aspect.

6. Travel services (% of service exports, BoP): Oman's travel services represent 20.29% of its service exports, below the average of 26.40%. The country is 85th out of 167 nations for this criterion.

7. Insurance and financial services (% of service exports, BoP): Oman's insurance and financial services as a percentage of service exports are 2.51%, lower than the average of 6.46%. Oman holds the 98th rank out of 161 countries in this category.

Summary

Oman's macroeconomic indicators for service exports and related sectors paint a picture of a country with underperforming ICT service exports and communications-related services. However, the country excels in transport services, ranking 17th globally. These statistics are crucial as they highlight areas where Oman may need to focus on improving competitiveness and diversification to enhance its overall service export potential and economic resilience.

Commercial Service Exports

- Commercial service exports (current US$): Oman's current US$ commercial service exports are $2,134,550,024.23, ranking 86 out of 171 countries. This value is significantly below the attribute average of $28,508,218,402.80.
- Travel services (% of commercial service exports): Oman's travel services account for 21.32% of its commercial service exports, ranking 82 out of 167 countries. This percentage is slightly below the attribute average of 27.89%.
- Computer, communications, and other services (% of commercial service exports): In Oman, these services represent 24.64% of commercial service exports, placing it at the 120th rank out of 169 countries. This value is notably lower than the attribute average of 42.44%.
- Insurance and financial services (% of commercial service exports): Oman's insurance and financial services comprise 2.64% of its commercial service exports, ranking 102 out of 161 countries. This percentage is substantially lower than the attribute average of 6.97%.
- Transport services (% of commercial service exports): Oman's transport services contribute to 51.40% of its commercial service exports, ranking 18 out of 169 countries. This percentage is significantly above the attribute average of 23.37%.

Summary

Oman's macroeconomic indicators reveal a diverse composition in its commercial service exports. While the country excels in transport services, accounting for over half of its exports and ranking well above the average, it lags behind in travel services, computer and communication services, as well as insurance and financial services. This disparity suggests an opportunity for Oman to potentially diversify and strengthen its service export portfolio, fostering resilience and sustainability in its economy.

Broad Import Attributes

Among 163 countries, Oman's Imports of goods and services (current US$) amount to $34,022,401,820.55, ranking 63rd. This is below the average of $126,191,355,599.06.

Oman's Imports of goods and services (% of GDP) stand at 44.82%, slightly higher than the average of 44.15%. Oman ranks 62nd out of 163 countries in this aspect.

When it comes to International tourism expenditures (% of total imports), Oman's value is 3.65%, lower than the average of 3.98%. Oman ranks 48th among 131 countries with available data.

Oman's ICT goods imports (% total goods imports) account for 6.14%, below the average of 6.85%. Oman ranks 55th out of 143 countries in this category.

Oman's Goods imports (BoP, current US$) total $25,364,089,923.57, ranking 60th out of 171 countries and falling below the average of $92,007,788,027.17.

With Imports of goods and services (BoP, current US$) at $33,827,095,340.99, Oman ranks 63rd out of 170 countries, below the average of $120,321,577,988.12.

Finally, Oman's Imports of goods, services, and primary income (BoP, current US$) amount to $40,002,479,672.08, placing Oman 61st out of 170 countries. This value is notably lower than the average of $144,514,428,722.28.

Summary

Oman's import statistics across various categories consistently place the country below global averages in terms of both total value and percentage contribution to its GDP. Despite ranking within the top 63-62nd percentile for most indicators, the lower-than-average figures suggest that Oman may have limited diversification in its import sources or potential weaknesses in its domestic production capabilities, which could impact its economic resilience and competitiveness on the global stage.

Merchandise Imports

Oman's merchandise imports amount to $28.5 billion. This is below the average of $89.4 billion, ranking Oman 62nd out of 190 countries in this attribute.
Manufactures imports account for 67.75% of Oman's merchandise imports, slightly higher than the average of 66.76%. Oman ranks 79th out of 152 countries in this category.
Oman's agricultural raw materials imports make up 0.42% of its merchandise imports, significantly below the average of 1.27%. This places Oman at 140th out of 152 countries.
Food imports constitute 15.75% of Oman's merchandise imports, slightly below the average of 15.89%. Oman ranks 62nd out of 152 countries in this aspect.
In terms of fuel imports, they represent 7.37% of Oman's merchandise imports, lower than the average of 11.38%. Oman ranks 109th out of 152 countries in this regard.
Oman's ores and metals imports account for 7.68% of its merchandise imports, significantly higher than the average of 2.57%. Oman stands out at 7th out of 152 countries in this category.

Summary

Oman's merchandise imports are notably below the global average, ranking 62nd out of 190 countries. The country has a higher proportion of manufactured goods in its imports, placing 79th globally, whereas it has lower agricultural raw materials and fuel imports compared to the average. Oman stands out with significantly higher ores and metals imports, ranking 7th worldwide for this category. These indicators are crucial as they reflect Oman's trade dependency, industrialization level, agricultural self-sufficiency, energy reliance, and metal-related economic activities in the global market.

Service Imports

Service imports in Oman amount to $8,463,005,417.42, ranking 57 out of 171 countries. This value is below the average service imports of $27,615,356,170.47.

Communications, computer, etc. account for 31.31% of Oman's service imports, ranking 125 out of 169 countries. This percentage is below the average of 44.40%.

Transport services represent 41.80% of Oman's service imports, placing it at rank 44 out of 169 countries. This value is above the average of 32.90%.

Travel services make up 9.22% of Oman's service imports, ranking 99 out of 169 countries. This percentage falls below the average of 14.14%.

Insurance and financial services constitute 17.68% of Oman's service imports, placing it at rank 16 out of 169 countries. This percentage is significantly higher than the average of 8.53%.

Summary

Oman's service imports are below the global average at $8,463,005,417.42, ranking 57th out of 171 countries. The country shows a unique distribution in service imports with a higher focus on transport and insurance/financial services compared to the average, while falling short in communications and travel services. This data is crucial as it indicates Oman's reliance on specific service sectors for international trade and highlights potential areas for diversification and growth to align with global trends.

Commercial Service Imports

**Analysis of Commercial Service Imports (current US$):** Oman's commercial service imports amount to $8,385,609,204.16. This value is below the average of $27,102,746,128.60, ranking Oman 57th out of 171 countries in the dataset.

**Analysis of Computer, Communications, and Other Services (% of Commercial Service Imports):** Oman's percentage of computer, communications, and other services in its commercial imports is 30.67%, which is below the average of 41.71%. This places Oman 113th out of 169 countries.

**Analysis of Insurance and Financial Services (% of Commercial Service Imports):** Oman's percentage of insurance and financial services in its commercial imports is 17.84%, well above the average of 8.85%. This high value ranks Oman 18th out of 169 countries.

**Analysis of Transport Services (% of Commercial Service Imports):** Oman's percentage of transport services in its commercial imports is 42.19%, which is above the average of 34.71%. Oman ranks 50th out of 169 countries in this category.

**Analysis of Travel Services (% of Commercial Service Imports):** Oman's percentage of travel services in its commercial imports is 9.30%, below the average of 14.73%. This places Oman 102nd out of 169 countries in the dataset.

Summary

Oman's commercial service imports total $8,385,609,204.16, ranking 57th out of 171 countries. The country has a lower than average percentage of computer, communications, and other services, but above-average percentages of insurance and financial services, transport services, and below-average percentage of travel services. These indicators provide insights into Oman's economic structure, highlighting its reliance on transport services and the relatively high importance of insurance and financial services in its commercial imports.

Infrastructure

For Air transport, freight (million ton-km), Oman's value of 51.92 is significantly below the average of 1384.37. Oman ranks 58 out of 126 countries in this attribute.

Oman's Air transport, registered carrier departures worldwide of 19013 is well below the average of 134365.61 departures. Oman ranks 64 out of 149 countries.

Oman's Air transport, passengers carried amount to 2496069, which is notably lower than the average of 11848242.70 passengers. Oman ranks 53 out of 149 countries for this metric.

In terms of Container port traffic (TEU: 20 foot equivalent units), Oman's value of 5141830 is below the average of 6907110.27 TEUs. Oman holds a rank of 30 out of 110 countries in this category.

Summary

Oman's air transport and container port traffic metrics fall below global averages, indicating lower utilization and capacity compared to other countries. These statistics suggest potential inefficiencies and underdevelopment in Oman's transport infrastructure, impacting its competitiveness in global trade and connectivity. Addressing these deficiencies could enhance Oman's economic growth and integration into global supply chains.

Information Technology Infrastructure

- Secure Internet servers in Oman is 1190, which is significantly below the average of 458,294. Oman's rank of 111 out of 193 countries indicates a limited presence of secure internet servers in the country.
- Secure Internet servers (per 1 million people) in Oman is 261.92, well below the average of 14,067.17. With a rank of 113 out of 193 countries, Oman shows a lower ratio of secure internet servers per million people compared to the global average.
- Individuals using the Internet (% of population) in Oman stands at 95.23%, surpassing the average of 64.77%. This places Oman at a commendable 13th position out of 180 countries in terms of internet usage among its population.
- Fixed broadband subscriptions in Oman total 508,949, falling below the average of 6,591,956.35. This positions Oman at 87th out of 185 countries, reflecting a relatively lower adoption of fixed broadband services.
- Mobile cellular subscriptions in Oman amount to 6,276,535, significantly lower than the average of 42,526,463.87. Oman's rank of 111 out of 193 countries indicates a comparatively lower penetration of mobile cellular subscriptions in the country.

Summary

Despite Oman showing a strong internet penetration rate among its population, the country lags behind in the availability of secure internet servers, both in absolute numbers and per million people. This limited presence of secure servers could impact cybersecurity and data privacy in the country, potentially hindering digital development and innovation. While Oman's internet usage is commendable, the lower adoption of fixed broadband and mobile cellular subscriptions suggests room for improvement in ensuring widespread and reliable access to digital services for its citizens.

Energy Consumption

For the attribute "Renewable energy consumption (% of total final energy consumption)", Oman's value of 0.05% is significantly below the average of 32.18%. Oman ranks 190th out of 191 countries in this dataset.

Regarding "CO2 emissions (kt)", Oman's emissions of 71,041.5 kt are well below the average of 171,895.94 kt. Oman holds the 45th rank out of 188 countries included in the data for this attribute.

Summary

Oman's low renewable energy consumption of 0.05% and relatively low CO2 emissions of 71,041.5 kt position the country far below global averages. This indicates a significant reliance on non-renewable energy sources and a lower environmental impact compared to many other nations. Addressing these disparities could be crucial for Oman's sustainable development and its alignment with international environmental goals.

Government Balance Sheet

Regarding Reserves and related items (BoP, current US$), Oman has a value of -2102819729.2821, which is significantly below the attribute average of 1924407186.5797222. Oman ranks 150 out of 171 countries in this dataset.

Oman's value for Total reserves minus gold (current US$) stands at 15006140748.094, well below the attribute average of 74221588171.61386. This places Oman at the 57th position out of 161 countries.

For Total reserves (includes gold, current US$), Oman's value of 15007356725.394 is also notably lower than the attribute average of 85708019773.47227. Oman holds the 63rd rank out of 161 countries.

Looking at Total reserves in months of imports, Oman's value of 4.50192793499313 is below the attribute average of 7.0968648269385435. Oman ranks 97th out of 151 countries regarding this metric.

Summary

Oman's key macroeconomic indicators related to reserves depict a concerning trend. The country's reserves and related items, total reserves minus gold, total reserves including gold, and total reserves in months of imports all fall significantly below the respective attribute averages. These indicators are crucial as they reflect Oman's economic stability, its ability to finance imports, and its resilience to external shocks. The lower rankings in these indicators emphasize the need for Oman to address its reserve levels to ensure sustainable economic growth and stability.

Taxes

The Tariff rate applied to all products in Oman is 1.71%, which is below the average rate of 5.21%. Oman ranks 104th out of 153 countries in this aspect.

Summary

With a relatively low tariff rate of 1.71%, Oman stands below the global average of 5.21% and ranks 104th out of 153 countries. This indicates that Oman has a favorable trade environment, potentially attracting more foreign investments and promoting economic growth through increased international trade activities.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 15-64 (% of total population) 12/194
Military expenditure (% of GDP) 2/148
Total natural resources rents (% of GDP) 9/175
Oil rents (% of GDP) 6/117
Natural gas rents (% of GDP) 9/96
Fertilizer consumption (kilograms per hectare of arable land) 11/187
Chemicals (% of value added in manufacturing) 2/89
Fuel exports (% of merchandise exports) 10/147
Ores and metals imports (% of merchandise imports) 7/152
Insurance and financial services (% of service imports, BoP) 16/169
Individuals using the Internet (% of population) 13/180

Ranks in Bottom Decile For:

Attribute Rank/Total
Age dependency ratio (% of working-age population) 183/194
Death rate, crude (per 1,000 people) 187/192
Forest area (sq. km) 183/191
Average precipitation in depth (mm per year) 168/178
Forest rents (% of GDP) 163/174
Food, beverages and tobacco (% of value added in manufacturing) 89/92
Textiles and clothing (% of value added in manufacturing) 92/93
Inflation, consumer prices (annual %) 155/165
Inflation, GDP deflator (annual %) 180/188
Foreign direct investment, net outflows (BoP, current US$) 144/156
Current account balance (BoP, current US$) 157/170
Current account balance (% of GDP) 160/170
Net secondary income (BoP, current US$) 157/170
Net financial account (BoP, current US$) 158/170
Agricultural raw materials imports (% of merchandise imports) 140/152
Renewable energy consumption (% of total final energy consumption) 190/191