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Macro - Country Economic Forecasts - Oman

Publisher Oxford Economics
Published Jan 16, 2026
Length 6 Pages
SKU # OFE20872846

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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