Macro - Country Economic Forecasts - Oman

Macro - Country Economic Forecasts - Oman



We've trimmed our 2024 GDP growth forecast for Oman by 0.1ppt to 1.5% as curbs on oil production continue. We still expect output will be hiked gradually, helping GDP growth to pick up to 2.3% next year. We maintain our 2024 forecast of 2.4% growth in the non-energy sector, rising to 2.8% in 2025, supported by the domestic investment strategy.


Oman: Public finances to withstand the dip in energy revenue
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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