Macro - Country Economic Forecasts - Oman
Description
We forecast Oman's 2026 GDP growth at 2.3%, higher than the 2.1% estimate for 2025 but more cautious than the consensus. We expect the non-energy economy to continue to fare relatively well and project an expansion of 3.2% this year, supported by domestic investment outlined in the 2026 budget and aligned with the latest medium-term development strategy.
Table of Contents
6 Pages
- Oman: The 2026 budget backs a steady outlook
- 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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