Economic Review 2015
First Quarter
July 2015
His Majesty Sultan Qaboos bin Said
Economic Review
First Quarter 2015 - July 2015
Contents
Firstly: Oman in world Economic Index
5
Secondly: World and Regional Outlook
5
Thirdly: Economic performance in the Sultanate
6
1. Gross Domestic Product
6
2. Public Finance
8
3. Monetary Sector
10
4. Muscat Securities Market Index
12
5. Tourism Sector
12
6. Prices
14
- Producer Price Index
14
- Consumer price index
16
7. Foreign Trade
17
8. Private sector workforce
18
3
Economic Review
First Quarter 2015 - July 2015
Firstly: Oman in world Economic Index
Enabling World Trade Index 2014 :
-
The Sultanate ranked 31 at World Level and obtained 4.7 points out of 7.
-
It came in Third position at both Arab and GCC States levels.
World Competitiveness Index (2014 – 2015) :
-
The Sultanate came in 46 place at World Level and obtained 4.46 points out of 7.
-
It came in 6th place among both Arab Countries and GCC States.
Economic Freedom Index 2015 :
-
The Sultanate ranked 56 at World Level and obtained 66.7 points out of 100.
-
It came in 5th place among Arab Countries and 4 th place among GCC States.
Travel and Tourism Competitiveness Index 2015:
-
The Sultanate came in 65 place at World Level and obtained 3.79 points out of 7.
-
It ranked 4th place among both the Arab Countries and GCC States.
31
46
56
65
Secondly: World and Regional Outlook
“Global growth in 2014 was a modest 3.4 %, reflecting a pickup in growth in
advanced economies relative to the previous year and a slowdown in emerging
market and developing economies.
Global growth is projected to reach 3.5% and 3.8% in 2015 and 2016, respectively.
Growth is projected to be stronger in 2015 relative to 2014 in advanced economies,
but weaker in emerging markets.
Inflation has declined in advanced economies , reflecting the decline in oil prices,
and a weakening of demand in a number of countries already experiencing belowtarget inflation, such as the Euro Area and Japan.
With regard to emerging markets, lower prices for oil and other commodities
(including food, which has a larger weight in the consumer price index of emerging
market and developing economies) have generally contributed to reductions in
inflation, with the notable exception of countries suffering sizable exchange rate
depreciations, such as Russia.
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Economic Review
First Quarter 2015 - July 2015
Oil prices have declined by about 45% since September 2014. A variety of factors
have played a part: weaker-than-expected global activity; weaker demand for oil,
given activity; and greater supply. Unexpected demand weakness in some major
economies, in particular emerging market economies, has clearly played a role in
the oil price decrease. ’’ 1
Thirdly: Economic performance in the Sultanate
1. Gross Domestics Product
GDP at current prices dropped by 14.2% at the end of March 2015 compared to
the corresponding period of 2014, where it decreased from RO. 7.6 billion at the
end of March 2014 to RO. 6.5 billion at the end of March 2015.
Figure No.(1):GDP Growth Rate at Current Prices, Accumulative Data (change %)
40
Oil Sector
30
non Oil Sectors
Yearly change (%)
20
GDP at Current Price
10
0
-10
-20
2011
2012
2013
2014
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
-40
Q1
-30
2015
Oil activities value added declined by 36.8% at the end of March 2015 compared
to the corresponding period of the previous year, declining from RO.3.8 billion at
the end of March 2014 to RO.2.4 billion at the end of March 2015. This decline
was attributed mainly to the decrease in the value added of Crude Oil by 40.9% due
1 Source: world Economic Outlook Report, IMF, April 2015.
6
Economic Review
First Quarter 2015 - July 2015
to the decrease of average oil prices by 41.5% during the period under reference
(Figure No.2). By comparison, the value added of Natural Gas increased by
16.3% at the end of March 2015 compared to the corresponding period of 2014.
Figure No.(2): Omani Crude Oil Production and Prices- Annual Data (2011 - 2015)
2012
2013
2014
Q1
Omaan Crude Oil Price (US$/BBL)
Crude Oil Production
2011
Q4
0
Q3
40
Q2
20
Q1
50
Q4
40
Q3
60
Q2
60
Q1
70
Q4
80
Q3
80
Q2
100
Q1
90
Q4
120
Q3
100
Q2
140
Q1
110
2015
Non-oil activities value added increased by 4.1% at the end of March 2015 to reach
RO.4.4 billion compared to RO. 4.3 billion in the corresponding period of 2014.
This increase was attributed to the increase in the value added of the Services
Activities by 6.6%, Agriculture and Fisheries Activities by 5.3%, while Industrial
Activities value added dropped by 2.4% during the period under reference.
Services Activities value added increased to RO. 3.2 billion the end of March
2015 compared to RO. 3 billion at the end of March 2014, due to the increase in
the value added of Other Services Activities - which include Health, Education
and others - by 11.9%, Financial Intermediation by 11.2%, Transport, Storage and
Communication by 9%, Real Estate Activities and Business Projects Activities
by 5.9%, Hotels and Restaurants Activities by 4.4%, Wholesale and Retail Trade
Activities by 2.1%, and Public Administration Activities and Defense by 1.1%.
The value added of Industrial Activities declined 2.4% at the end of March
2015 compared to the same period of the previous year due to the decline in the
value added of Basic Chemical Industry 18.2% and Construction by 3.1%. By
7
Economic Review
First Quarter 2015 - July 2015
comparison, Other Manufacturing Industries value added increased by 20.9%,
Mining and Quarrying by 10% and Electricity and Water Supplies by 9.2% during
the period under reference.
Figure No. (3): Contribution in GDP Growth at the end of March 2015 Compared to the
same period of 2014 (percentage points)
Agriculture and Fishing
Hotels & Restaurants
Wholesale & Retail Trade
Real Estate Services
Transport Storage & Comms.
Financial Intermediation
Public Admin & Defence
Other Services
Services Activities
Manufacture of Basic Chemical
Mining & Quarrying
Electricity & Water Supply
Construction
Other Manufacturing
Industry Activities
Extraction of Natural Gas
Extraction of Crude Oil
Petroleum Activities
GDP
-16
-14
-12
-10
-8
-6
-4
-2
Contribution (Percentage Points)
0
2
4
6
2. Public Finance
Public finance registered a deficit of RO. 544.6 million during Q1 2015 compared
to the corresponding quarter of 2014 with a deficit of RO.215.4 million.
8
Economic Review
First Quarter 2015 - July 2015
Figure NO.(4): Public Expenditure, Quarterly Data (Million Omani Rial)
4000
3500
3000
Million RO
2500
2000
1500
1000
2011
Current Expenditure
2012
2013
Investment Expenditure
2014
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
0
Q1
500
2015
Participation and Support to the Private Sector
Source: Ministry of Finance
The State Public Revenues decreased by 23.9% during Q1 2015 dropping from
RO 3.2 billion during Q1 2014 to RO. 2.4 billion in Q1 2015. This decline was
attributed to the decrease of Net Oil Revenue 35.3%, Other Revenues by 24%, and
Capital Revenues by 1.1%. By comparison, Gas Revenues increased by 22.7% ,
Corporate Income Tax by 893.5%, and Custom Duties by 100% during Q1 2015
compared to the corresponding quarter of the previous year.
Public Expenditure dropped by 6% during Q1 2015 compared to the same quarter
of 2014 decreasing from RO. 2.6 billion in Q1 2014 to 2.4 billion in Q1 2015,
due to the decrease in Contribution and Support by 47.9%, whereas Investment
Expenditure increased by 2.3%, and Current Expenditure by 0.3% during the
period under reference.
9
Economic Review
First Quarter 2015 - July 2015
3. Monetary Sector
Domestic liquidity (M2) increased by 13 % in Q1 2015 compared to the same
period of 2014, rising from RO. 12.7 billion in Q1 2014 to RO. 14.4 billion during
Q1 2015.
Total deposits in commercial banks increased by 4.6% to reach RO. 17.9 billion
in Q1 2015 compared to RO. 17.2 billion during the same period of 2014. This
increase was attributed to the rise of private sector deposits by 12.1%, while
government sector’s deposits (ministries, government corporations and public
enterprises) decreased by 6.9% during Q1 2015 compared to the corresponding
quarter of 2014.
Total credit (loans) increased by 11.6% during Q1 2015 rising from RO. 15.6
billion during Q1 2014 to RO. 17.4 billion during Q1 2015.
This increase in total credit was attributed to the rise of credit awarded to the
government sector (ministries, government corporations and public enterprises)
by 15.2% during Q1 2015 compared to the corresponding quarter of the previous
year, while the credit provided to the private sector increased by 11.1% to reach
RO.15.3 billion in Q1 2015.
Figure No.(5):Growth of money supply , Total Credit, and credit to personal loans,
cumulative data
25
Year on Year Change (%)
20
15
10
5
0
Q1
Q2
Q3
Q4
Q1
2011
Total Credit
Source: Central Bank of Oman
Q2
Q3
Q4
2012
Q1
Q2
Q3
2013
Credit to Personal Loans


10
Q4
Q1
Q2
Q3
2014
Q4
Q1
2015
M2
.‫ البنك المركزي العماني‬:‫المصدر‬
2
Economic Review
First Quarter 2015 - July 2015
Personal loans represented 39% of total loans during Q1 2015, reaching RO. 6.8
billion rising by 9.5% compared to the corresponding period of 2014.
Average interest rate on total credit declined to 5.5% during Q1 2015 compared
to the corresponding quarter of 2014, while real interest rate (average interest rate
minus inflation rate) dropped from 4.1% in Q1 2014 to 3.9% in Q1 2015.
Figure No.(6):Average Nominal and Real Interest Rate on Total Loans in The
Private Sector, Monthly Data
‫متوسط سعر الفائدة اإلسمي‬
5
4
3
2014
Average Interest Rate
Mar
Feeb
Jaan
Deec
No
ov
Oct
Seep
Au
ug
Ju
ul
Ju
un
Maay
Ap
pr
Mar
Feeb
‫متوسط سعر الفائدة الحقيقي‬
2
Jaan
Interestt Rate on Private Sector Credit (%)
6
2015
Average Real Interest Rate
Source: Central Bank of Oman
‫ البنك المركزي العماني‬:‫المصدر‬
The Index of effective exchange rate of the Omani Rail increased by 9.3% during
Q1 2015 rising from 95.7 points during Q1 2014 to 104.6 points during Q1 2015.
11
Economic Review
First Quarter 2015 - July 2015
4. Muscat Securities Market Index
Muscat Securities Market Index decreased by 9.03% during Q1 2015 compared to
Q1 2014 to reach 6238 points.
Trade value dropped by 40.5% during Q1 2015 compared to the corresponding
quarter of 2014 dropping from RO.691.3 million in Q1 2014 to RO.411.36 million
in Q1 2015.
As with regards to sector contribution, the financial sector ranked first in terms of
trade accounting for 63%, followed by the industrial sector with a contribution of
20% of the total, while the service sector came in third place achieving 16 % and
securities with trade value of 1% of the total trade value during Q1 2015.
Figure No.(7):Muscat Securities Market Index, monthly data
8,000
7,500
MSM Index
7,000
6,500
6,000
2011
2012
2014
Dec
Mar
Mar
May
Jul
Sep
Sep
2013
Dec
Jun
Mar
Dec
Jun
Sep
Mar
Dec
Sep
Mar
5,000
June
5,500
2015
Source: Muscat Securities Market
5. Tourism Sector 2
Five stars hotels witnessed a drop in their revenues in Q1 2015 by 6% compared to
the corresponding quarter of 2014 decreased from RO 33 million during Q1 2014
to RO.31 million during Q1 2015. This decrease was attributed to the drop in the
number of occupied rooms by 5.9% and the number of available rooms by 2.1%
2 Includes The Data of 5 and 4 Star Hotels Only.
12
Economic Review
First Quarter 2015 - July 2015
which led to the drop in occupancy rate to 3.8%, while the number of hotel guests
increased by 19% , and tourists nights by 2.6% during Q1 2015 compared to Q1
2014.
Four stars hotels, on the other hand, registered an increase of 11.7% in their
revenues in Q1 2015 compared to Q1 2014, due to the rise in the number of guests
by 10%, available rooms by 8%, tourists’ nights by 7% and occupied rooms by
5.1%. By comparison, occupancy rates decreased by 3% during Q1 2015 compared
to the corresponding quarter 2014.
Figure No(8): Revenues of Five and Four Star Hotels, Quarterly Data, Change(%)
50
Five Star Hotel Revenue
40
Four Star Hotel Revenue
30

20
10
0
-10
2011
2012
2013
Source: Monthly and Quarterly survey for 4,5 star hotels
13
2014
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q1
Q4
Q3
Q2
Q1
-30
Q3

20
-20
Q2
Yearly change (%)
60
2015
Economic Review
First Quarter 2015 - July 2015
6. Prices
Producer Price Index
Producer General Price Index declined by 15.3% during Q1 2015 compared to
Q1 2014 due to the decrease in the prices of Oil and Gas Products by 17.1% and
Non- oil Products by 5.3% . The Producer General Price Index also decreased by
3.1% during Q1 2015 compared to the previous quarter.
The decline of Oil and Gas products during Q1 2015 compared to Q1 2014 was
attributed to the decrease in Refined Oil Products by 37.3% and Crude Oil and
Natural Gas prices by 14% during the period under reference.
The prices of Non - Oil products dropped by 5.3% in Q1 2015 compared to Q1
2014 due to the decrease in the prices of Non-oil Manufacturing Products Group
by 7.4%. By comparison, the price of Mining, Electricity and Water Group rose
by 2.2%, due to the increase in the prices of Electricity Energy and Water by 2.7%,
while the prices of the Minerals, Stones and Sand Group decreased by 2.3% during
the same period.
Non-oil Manufacturing Group Index dropped in Q1 2015 compared to Q1 2014
due to the decrease in the prices of: Other Transportable Goods by10.8% , Metal
Products, Machinery and Equipment Group by 4.8% and Food, Beverages and
Textile Products by 2.9% during the period under reference.
The decrease in the prices of Other Transportable Goods Group was due to the
decrease in the prices of Gases and Acids Polypropylene Products by 24.7%,
Rubber and Plastic Group by 2.1% and Wood and Paper products by 0.4% during
Q1 2015 compared by the corresponding quarter of 2014, while the prices of
Furniture, Jewelry and Manufacturing and Melted Metal Waste Group and Glass,
Cement and Marble products Group increased by 0.5% each, and the prices of
Paints and Pharmaceutical Groups by 0.4% during the period under reference.
The decrease in the prices of Metal Products and Machinery and Equipment Groups
by 4.8% during Q1 2015 compared to Q1 2014 was attributed to the decline in the
prices of Fabricated Products of Steel or Aluminum by 9.1%, Raw and Products
of Steel or Aluminum by 4.8%, Distribution and Delivery of Electricity Apparatus
and Recording Taps and CDs by 3.6% and Conditioning, Heating and Pumping
Water, Drilling of Oil Wells and Cars Oil Filters Groups by 2%.
14
Economic Review
First Quarter 2015 - July 2015
Food, Beverages and Textile Group witnessed a decline in their prices during
Q1 2015 compared to the corresponding quarter of 2014 due to the decrease in
the prices of the Dairy Products by 11.1% and Fish, Fruits, Vegetables and Oil
Groups by 3.8%, while the prices of Bakery Products and Other Food Products
Group and Beverages Group registered an increase of 0.3% each, Readymade
Cloths, Textiles and Footwear 0.1% during the period under reference.
Figure No.(9): Producer Price Index, Quarterly data
180
160
Index
140
120
100
80
60
Q1
Q2
Q3
2011



Q4
Q1
Q2
Q3
Q4
Q1
2012
Q2
Q3
Q4
Q1
2013
Oil & Gas Products

Source:
National Centre of Statistics and Information ‐
Quarterly Survey of PPI

15
Non-Oil Products
Q2
Q3
2014
Q4
Q1
2015
Economic Review
First Quarter 2015 - July 2015
Consumer price index
Inflation rate increased by 0.6% during Q1 2015 compared to the corresponding
quarter of 2014.
The increase of the Consumer Price Index during Q1 2015 compared to Q1 2014
was mainly attributed to the rise in the prices of most groups constituting the Index
as follows:
- Communication Group: The prices of this group increased by 4.8% due to the
increase in the prices of Fix Telephone and Fax Services by 5.1%.
- Household Equipment and Routine Maintenance Group: The prices of this group
increased by 6.2% due to the rise in the wages of housemaids by 14.3%, Services
used in routine household maintenance by 9.6% and homemade textile by 0.9%.
- Transport Group: the prices of this group increased by 0.9% due to the increase in
the price of transport services by 17%.
- Housing, Water, Electricity, Gas and Other Types of Fuel Groups: the prices of
this group increased by 0.4%% due to rise in actual rent by 1.3% and Household
Maintenance by 0.9%.
- Health Group: The prices of this group increased by 5.8% as a result of the rise in
the price of Physiotherapy treatment by 25.9%, Private Clinics Services Charges
by 9.3% and Teeth Extraction, Cleaning Filling by 5%.
- Education Group: The prices of this group increased by 4.5% due to rise in the
Pre-basic Education School Fees by 10.9% and Secondary Education by 8.1%.
- Hotels and Restaurants Group: This group witnessed an increase in its prices by
0.5% due to the increase in the prices of Meals Services by 0.6%.
- Tobacco Group: The group registered a 3.6% increase in its prices.
-
On the other hand Food and Non-Alcoholic Beverages prices declined by 0.1%
due to the decrease in the prices of Fish and Sea Food Group by 6.9%, Vegetable
Group by 5.3%,Fruits Group by 0.4%, Bread and cereal Group by 0.2%,. By
comparison, Meat Group increased by 1.1%, Milk, Cheese and Egg by 0.5%, Oil
and Fats Group by 0.2%, Sugar, Jam, Honey and Sweets Group by 0.1%, Other
Food Group by 0.6% and Non-alcoholic Beverages by 0.2% during the period
under reference.
- The prices of Cloths and Footwear Group and Recreation and Entertainment Group
decreased by1.3% and 0.2% respectively, while the prices of the Miscellaneous
Goods and Services stabilized during Q1 2015 compared to Q1 2014.
16
Economic Review
First Quarter 2015 - July 2015
Figure No.(10): Contribution Towards the Changes of the General Consumer
Price Index, in Q1 2015, Compared to Corresponding Quarter of Previous Year
(Percentage Points)
Clothing & Footwear
Foods & non-alcoholic beverages
Recreation and Culture
Tobacco
Miscellaneous goods and services
Resturants and Hotels
Education
Health
Housing, water, electricity, gas
Transport
Furnishings, household equipment & maintenance
Communication
General Index
-0.3
-0.2
-0.1
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
Contribution (Percentage Points)
Source: National Centre of Statistics and Information- Monthly Survey of CPI
7. Foreign Trade
Total value of merchandize exports decreased by 31.5% during Q1 2015 compared
to Q1 2014 to reach RO.3.5 billion. This decline was attributed to the drop in oil
exports value by 33.4% , re-export value by 28.6%. and non-oil exports by 27.5%
during the period under reference.
Imports value dropped by 4.1% during Q1 2015 compared to Q1 2014 where it
declined from RO.2.8 billion in Q1 2014 to RO.2.7 billion during Q1 2015.
17
Economic Review
First Quarter 2015 - July 2015
Figure No.(11) Changes in The Value of Merchandize Exports and Imports,
Quarterly Data
50
40
20
10
0
-10
-20
2011
2012
2013
Merchandise Exports
2014
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
-40
Q2
-30
Q1
Year on Year Change (%)
30
2015
Merchandise Imports
Souce: Royal Oman Police, Ministry of Oil and Gas, Orpic, and Oman LNG


8. Private sector workforce3
Total number of Omani workforce in the private sector increased by 8.6% during
Q1 2015 rising from 186 thousands at the end of March 2014 to 202 thousands at
the end of March 2015.
Expatriate labor force increased by 3.7% totaling 1.6 million at the end of March
2015 compared to the corresponding period of the previous year, while the
percentage of expatriates working in the government sector reached 4% of the
total number of expatriates working in the Sultanate and 81% in the private sector
whereas the household sector absorbed 15% of the total number of expatriates
working in the Sultanate during the period under reference.
3 Source: Royal Oman Police and the Public Authority for Social Insurance.
18
Economic Review
First Quarter 2015 - July 2015
Figure No.(12):Growth of National Work force in the Private sector, quarterly data
30

25
15
10
5

0
Q
Q1
2014
Q
Q4
Q
Q3
Q
Q2
Q
Q1
2013
Q
Q4
Q
Q3
Q
Q2
Expatriates
Q
Q1
2012
Q
Q4
Q
Q3
Q
Q2
Q
Q1
2011
Q
Q4
Omani Nationals
Q
Q3
2010
Q
Q2
Q
Q1
Q
Q4
Q
Q3
Q
Q2
-5
Q
Q1
Year on Year Change (%)
20
2015
Private Sector Workforce

Source:Royal Oman Police and the Public Authority for Social Insurance.
19
‫مالمح اإلقتصاد العماني‬
‫لعـام ‪2015‬م الربـع االول ‪ -‬يوليو ‪2015‬‬
‫‪2015‬‬
‫‪Q1‬‬
‫الناتج المحلي اإلجمالي باألسعار الجارية (مليار)‬
‫ر‪.‬ع‬
‫جميع اإلقتصاد‬
‫التغير (‪)%‬‬
‫الناتج المحلي اإلجمالي النفطي‬
‫التغير (‪)%‬‬
‫الناتج المحلي اإلجمالي غير النفطي ‪1‬‬
‫التغير (‪)%‬‬
‫النفط الخام العماني‬
‫السعر (دوالر‪/‬برميل)‬
‫اإلنتاج (مليون برميل)‬
‫التجارة( مليار ر‪.‬ع)‬
‫الصادرات النفطية‬
‫الصادرات الغير نفطية‬
‫إعادة التصدير‬
‫الواردات‬
‫مؤشرات األسعار (ربعي)‪2‬‬
‫الرقم القياسي العام ألسعار المستهلكين بالسلطنة‬
‫التغير (‪)%‬‬
‫الرقم القياسي العام ألسعار المستهلكين (مسقط)‬
‫الرقم القياسي العام ألسعار المستهلكين (شمال‬
‫الباطنة)‬
‫الرقم القياسي العام ألسعار المستهلكين (الظاهرة)‬
‫الرقم القياسي العام ألسعار المستهلكين (الداخلية)‬
‫الرقم القياسي العام ألسعار المستهلكين (جنوب‬
‫وشمال الشرقية)‬
‫الرقم القياسي العام ألسعار المستهلكين (ظفار)‬
‫الرقم القياسي العام ألسعار المستهلكين (البريمي)‬
‫قطاع النقد ( مليار ر‪.‬ع)‬
‫السيولة المحلية (م‪)2‬‬
‫إجمالي اإلئتمان‬
‫القروض الشخصية‬
‫متوسط سعر الفائدة (‪)%‬‬
‫‪2014‬‬
‫‪Q4‬‬
‫‪Q3‬‬
‫‪2013‬‬
‫‪Q2‬‬
‫‪Q1‬‬
‫‪6.5‬‬
‫‪31.5‬‬
‫‪23.6‬‬
‫‪15.3‬‬
‫‪7.6‬‬
‫‪30.1‬‬
‫‪-14.2‬‬
‫‪4.6‬‬
‫‪5.2‬‬
‫‪-14.0‬‬
‫‪0.9‬‬
‫‪2.4‬‬
‫‪2.4‬‬
‫‪14.8‬‬
‫‪11.4‬‬
‫‪7.5‬‬
‫‪3.8‬‬
‫‪15.2‬‬
‫‪-36.8‬‬
‫‪-2.4‬‬
‫‪1.4‬‬
‫‪-0.4‬‬
‫‪-0.2‬‬
‫‪-0.9‬‬
‫‪4.4‬‬
‫‪18.9‬‬
‫‪13.6‬‬
‫‪8.7‬‬
‫‪4.3‬‬
‫‪17.2‬‬
‫‪4.1‬‬
‫‪10.1‬‬
‫‪8.2‬‬
‫‪7.3‬‬
‫‪8.3‬‬
‫‪7.3‬‬
‫‪62.0‬‬
‫‪103.2‬‬
‫‪106.7‬‬
‫‪105.4‬‬
‫‪106.0‬‬
‫‪105.5‬‬
‫‪87‬‬
‫‪87‬‬
‫‪88‬‬
‫‪85‬‬
‫‪85‬‬
‫‪344‬‬
‫‪2.2‬‬
‫‪3.2‬‬
‫‪3.5‬‬
‫‪3.2‬‬
‫‪3.4‬‬
‫‪14.3‬‬
‫‪0.7‬‬
‫‪1.0‬‬
‫‪1.2‬‬
‫‪0.8‬‬
‫‪1.0‬‬
‫‪3.8‬‬
‫‪0.5‬‬
‫‪0.7‬‬
‫‪0.7‬‬
‫‪0.8‬‬
‫‪0.8‬‬
‫‪3.5‬‬
‫‪2.7‬‬
‫‪2.8‬‬
‫‪2.8‬‬
‫‪2.8‬‬
‫‪2.8‬‬
‫‪13.2‬‬
‫‪102.1‬‬
‫‪102.4‬‬
‫‪102.4‬‬
‫‪102.0‬‬
‫‪101.5‬‬
‫‪101.1‬‬
‫‪0.6‬‬
‫‪0.9‬‬
‫‪0.8‬‬
‫‪1.4‬‬
‫‪0.8‬‬
‫‪1.1‬‬
‫‪0.6‬‬
‫‪0.6‬‬
‫‪0.6‬‬
‫‪1.5‬‬
‫‪0.8‬‬
‫‪1.3‬‬
‫‪0.4‬‬
‫‪1.3‬‬
‫‪1.1‬‬
‫‪1.8‬‬
‫‪1.4‬‬
‫‪1.0‬‬
‫‪1.4‬‬
‫‪1.3‬‬
‫‪0.8‬‬
‫‪0.7‬‬
‫‪0.2‬‬
‫‪0.9‬‬
‫‪0.3‬‬
‫‪0.6‬‬
‫‪0.2‬‬
‫‪0.4‬‬
‫‪0.0‬‬
‫‪0.8‬‬
‫‪0.7‬‬
‫‪1.2‬‬
‫‪1.3‬‬
‫‪1.7‬‬
‫‪0.4‬‬
‫‪1.3‬‬
‫‪1.5‬‬
‫‪1.5‬‬
‫‪1.9‬‬
‫‪1.6‬‬
‫‪1.2‬‬
‫‪0.7‬‬
‫‪0.2‬‬
‫‪1.3‬‬
‫‪0.6‬‬
‫‪1.4‬‬
‫‪1.4‬‬
‫‪0.9‬‬
‫‪14.4‬‬
‫‪13.8‬‬
‫‪12.9‬‬
‫‪13.0‬‬
‫‪12.7‬‬
‫‪11.8‬‬
‫‪17.4‬‬
‫‪16.9‬‬
‫‪16.5‬‬
‫‪16.4‬‬
‫‪15.6‬‬
‫‪15.1‬‬
‫‪6.8‬‬
‫‪6.7‬‬
‫‪6.5‬‬
‫‪6.3‬‬
‫‪6.2‬‬
‫‪6.1‬‬
‫‪4.6‬‬
‫‪4.7‬‬
‫‪4.8‬‬
‫‪4.7‬‬
‫‪4.9‬‬
‫‪4.9‬‬
‫القوى العاملة في القطاع الخاص ( صافي‬
‫اإلجمالي في نهاية الفترة)‬
‫عماني‬
‫وافد‬
‫‪202.0‬‬
‫‪197.5‬‬
‫‪192.9‬‬
‫‪189.9‬‬
‫‪186.1‬‬
‫‪181.9‬‬
‫‪1594‬‬
‫‪1570‬‬
‫‪1550.4‬‬
‫‪1539.2‬‬
‫‪1535.9‬‬
‫‪1527.2‬‬
‫‪ 1‬الو�ساطة املالية املقدرة بطريقة غري مبا�شرة وال�ضرائب على الواردات خ�ص�صت بالكامل للأن�شطة غري النفطية يف هذه البيانات‪.‬‬
‫عو�ضا عن ‪.2000‬‬
‫‪ 2‬مت حتديث ال�سنة املرجعية للأرقام القيا�سية لأ�سعار امل�سنهلكني لعام ‪ 2013‬لتكون �سنة اال�سا�س ‪ً 2012‬‬
‫‪20‬‬
Economic Review
First Quarter 2015 - Julyl 2015
2006
2007
2008
2009
2010
2011
2012
All Economy
14.2
16.1
23.4
18.5
22.6
26.1
29.4
% Change
19.1
13.8
45.0
-20.6
21.9
15.9
12.4
Oil GDP
6.7
7.1
11.8
7.4
10.4
13.9
15.3
% Change
14.7
5.9
65.9
-37.7
40.7
33.7
10.5
GDP Current (RO Billions)
Non Oil GDP1
7.5
9.0
11.6
11.1
12.2
14.1
16.0
% Change
25.9
20.0
28.9
-4.3
9.9
11.7
13.6
Price (US$/BBL)
61.4
65.2
101.1
56.70
76.6
103.0
109.6
Production (Mn BBL)
269
259
277
297
305
304
336
Oil Exports
6.7
7.2
11.0
6.9
9.7
12.8
14.0
Non Oil Exports
0.8
1.3
2.0
1.8
2.4
3.0
3.6
Re-exports
0.8
1.0
1.5
1.8
1.9
2.2
2.5
Imports
4.2
6.1
8.8
6.9
7.6
9.1
10.8
Oman Crude Oil
Trade (RO Billions)
Price Indices (Quarterly)2
105.2
111.4
125.2
129.5
133.7
139.2
143.2
CPI Oman (Change %)
3.5
5.9
12.4
3.4
3.3
4.0
2.9
CPI Muscat
3.2
5.1
12.8
5.0
4.7
4.4
3.0
CPI Al Batinah North
4.6
8.4
11.2
1.2
1.7
4.3
3.7
CPI Al Dhahirah
2.4
5.8
12.0
3.7
2.9
3.0
3.6
CPI Al Dakhiliyah
3.2
6.6
11.3
0.0
3.1
3.5
3.5
CPI Ash Sharqiyah (North & South)
3.9
5.5
15.1
2.7
1.2
4.2
0.9
CPI Dhofar
3.1
5.0
10.0
3.6
2.2
3.0
2.8
M2
4.5
6.1
7.5
7.9
8.8
9.9
10.9
Total Credit
4.7
6.5
9.3
9.8
10.7
12.5
15.6
Personal Loans
1.8
2.6
3.6
4.0
4.3
5.0
5.8
Average Interest Rate (%)
7.0
7.1
6.0
6.4
6.2
5.6
5.0
Consumer Price Index Oman
CPI Al Burami
Monetary Sector (RO Billions)
Manpower in Private Sector (Net total at period
end, ‹000s)
Omani (PASI)
114.3
131.8
147.2
158.3
177.7
174.4
172.1
Expatriate
510.7
638.4
794.9
874.2
955.6
1114.6
1316.2
1 financial intermediation indirectly measured and import taxes are allocated completely to the non oil sector in these data
2 The base year for CPI for 2013 has been updated to be 2012 instead of 2000.
20