Oman - Economist Intelligence Unit - The Economist
DOMESTIC POLITICS: The long-established structures of political power are expected to remain stable over the forecast period. The sultan, Qaboos bin Said al-Said, is believed to command wide popular support, shored up by the loyalty of the security services and the strength of traditional social structures. The government is appointed by the sultan, who is also the prime minister, defence minister, finance minister and foreign affairs minister. In late 2007 the government was reshuffled for the first time in almost three and a half years, but this has had little effect on policy, and any future reshuffle would be expected to have a similarly limited impact. The biggest political risk in 2009-10 is likely to be uncertainty over who will succeed the long-serving sultan.
Country Forecast Overview (3 Year)
| Key Indicators |
2008 |
2009 |
2010 |
| Real GDP Growth (%) |
1.30 |
-1.50 |
-.10 |
| Consumer Price Inflation (av;%) |
12.52 |
6.80 |
4.10 |
| Budget Balance (% of GDP) |
3.80 |
-.60 |
1.40 |
| Current-Account Balance (% of GDP) |
16.40 |
4.30 |
8.50 |
| Exchange Rate US$:Euro (av) |
.38 |
.38 |
.38 |
| Exchange Rate US$:Euro(year-end) |
.38 |
.39 |
.39 |
Oman GDP PPP & GDP Growth Rates
2004 - 2008
| Year |
GDP in Billions of USD PPP |
% GDP Growth |
| 2004 |
46.87 |
2.10 |
| 2005 |
51.18 |
1.83 |
| 2006 |
56.77 |
4.62 |
| 2007 |
61.70 |
-0.50 |
| 2008 |
67.06 |
1.30 |
Source: EIU Country Data
Oman: risk assessment
| Risk |
June 2009 |
| Sovereign risk |
A |
| Currency risk |
BBB |
| Banking sector risk |
BBB |
| Political risk |
BBB |
| Economic structure risk |
A |
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