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Macro - Country Economic Forecasts - Oman

Publisher Oxford Economics
Published Jan 27, 2025
Length 6 Pages
SKU # OFE19593692

Description

We forecast Oman's GDP growth at 2.2% for this year, higher than the 1.5% estimate for 2024. In our 2025 growth outlook, we balance the delayed return to growth in the energy sector with a steady expansion of non-energy output, which we project at 3.0% (up from 2.8% previously). We think activity across non-energy sectors will benefit from strong domestic investment momentum and development support, consistent with spending plans outlined in the 2025 budget.

Table of Contents

6 Pages
Oman: The 2025 budget maintains focus on social development
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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