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Oman's Economy Growth Outlook
Oman's economy is projected to grow by 2.4% in 2025, following a 1.6% increase in 2024, supported by strong performances in both the oil and non-oil sectors. The non-oil sector is expected to expand by 3.1%, with the Agricultural and Fisheries sector growing by 10.2%. Inflation remains low at 1% in 2025, accompanied by a stable exchange rate pegged to the US dollar. The fiscal situation has improved, with public debt declining to 34.6% of GDP, accompanied by limited budget deficits and a slight current account deficit of 1.2%. Growth is expected to accelerate to around 4% in 2026, backed by fiscal and external surpluses that support economic reforms and diversification efforts.
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