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Oman
Oman · OMN · Middle East
25
Risk Score
Guarded→ Stable
Risk Factors
No recent events in pipeline
Overview
Oman is a stable absolute monarchy on the southeastern coast of the Arabian Peninsula, strategically located near major shipping lanes. Its economy is heavily reliant on oil and gas, but the government is actively pursuing diversification into tourism, logistics, and manufacturing under its Vision 2040 plan.
Leadership
Haitham bin Tariq Al Said
Sultan
GOVERNMENT: Absolute monarchy
Sayyid Badr bin Hamad bin Hamood Al Busaidi
Sultan bin Salim bin Said al-Habsi
Sayyid Shihab bin Tariq Al Said
Economy
GDP
$120.0B
GDP per Capita
$24.0K
GDP Growth
+3.0%
Inflation
2.0%
Unemployment
3.0%
Oil and gasTourismLogisticsManufacturingMining
Trade
Key Exports
Crude oilNatural gasRe-exportsMineral productsChemicals
Key Imports
Machinery and transport equipmentManufactured goodsFood and live animalsChemicalsVehicles
Top Partners
ChinaUnited Arab EmiratesIndiaSaudi ArabiaSouth Korea
Headlines (8)
The Atlanta Journal-ConstitutionAug 9
Houthis claim attacks on Saudi oil facility and Yemeni port, and other Mideast news
Read moreSouth China Morning PostAug 9
Iran says Oman deal is in ‘final stages’ but US must act to open Hormuz
Read moreThe Globe and MailAug 9
Iran, Oman deal in final stages while Tehran sets conditions for reopening Strait of Hormuz
Read moreSpokane Spokesman-ReviewAug 9
Iran rejects U.S. talks for now as wait for Hormuz deal drags on
Read moredailyparliamenttimesAug 9