Introduction
Background
The inhabitants of the area of Oman have long prospered from Indian Ocean trade. In the late 18th century, the nascent sultanate in Muscat signed the first in a series of friendship treaties with Britain. Over time, Oman's dependence on British political and military advisors increased. In 1970, QABOOS bin Said Al-Said overthrew his father, and during his 50-year rule ushered Oman into the modern age.
Geography
Area
total: 309,500 sq km
land: 309,500 sq km
water: 0 sq km
Climate
dry desert; hot, humid along coast; hot, dry interior; strong southwest summer monsoon (May to September) in far south
Natural resources
petroleum, copper, asbestos, some marble, limestone, chromium, gypsum, natural gas
People and Society
Population
3,833,465 (2023 est.)
Ethnic groups
Arab, Baluchi, South Asian (Indian, Pakistani, Sri Lankan, Bangladeshi), African
Languages
Arabic (official), English, Baluchi, Swahili, Urdu, Indian dialects
Religions
Muslim 85.9%, Christian 6.4%, Hindu 5.7%, other and unaffiliated 2% (2020 est.)
Population growth rate
1.8% (2023 est.)
Government
Government type
absolute monarchy
Capital
name: Muscat
Executive branch
chief of state: Sultan and Prime Minister HAITHAM bin Tarik Al Said (since 11 January 2020); note - the monarch is both chief of state and head of government
head of government: Sultan and Prime HAITHAM bin Tarik Al Said (since 11 January 2020)
Legislative branch
description: bicameral Council of Oman or Majlis Oman consists of:
Council of State or Majlis al-Dawla (87 seats including the chairman; members appointed by the sultan from among former government officials and prominent educators, businessmen, and citizens; members serve 4-year term)
Consultative Assembly or Majlis al-Shura (90 seats; members directly elected in single- and 2-seat constituencies by simple majority popular vote to serve renewable 4-year terms)
Economy
Economic overview
high-income, oil-based economy; large welfare system; growing government debt; citizenship-based labor force growth policy; US free trade agreement; diversifying portfolio; high female labor force participation
Real GDP (purchasing power parity)
$161.712 billion (2022 est.)
$155.028 billion (2021 est.)
$150.378 billion (2020 est.)
Real GDP per capita
$35,300 (2022 est.)
$34,300 (2021 est.)
$33,100 (2020 est.)
Agricultural products
dates, tomatoes, vegetables, goat milk, milk, cucumbers, green chillies/peppers, watermelons, sorghum, melons
Industries
crude oil production and refining, natural and liquefied natural gas production; construction, cement, copper, steel, chemicals, optic fiber
Exports
$69.701 billion (2022 est.)
$46.572 billion (2021 est.)
$35.691 billion (2020 est.)
Exports - partners
China 46%, India 8%, Japan 6%, South Korea 6%, United Arab Emirates 6%, Saudi Arabia 5% (2019)
Exports - commodities
crude petroleum, natural gas, refined petroleum, fertilizers, iron (2021)
Imports
$46.326 billion (2022 est.)
$37.216 billion (2021 est.)
$33.827 billion (2020 est.)
Imports - partners
United Arab Emirates 36%, China 10%, Japan 7%, India 7%, United States 5% (2019)
Imports - commodities
cars, refined petroleum, broadcasting equipment, gold, iron (2019)
Exchange rates
Omani rials (OMR) per US dollar -
Exchange rates:
0.385 (2022 est.)
0.385 (2021 est.)
0.385 (2020 est.)
0.385 (2019 est.)
0.385 (2018 est.)
Page last updated: Wednesday, April 17, 2024
