| Area |
212,460 sq km |
| Population |
2,807,125 (includes 577,293 non-nationals – July
2003 est.) |
| Population growth rate |
3.38% (2003 est.) |
| Capital |
Muscat |
| Languages |
Arabic (official), English, Baluchi, Urdu, Indian
dialects |
| Natural resources |
Petroleum, copper, asbestos, some marble, limestone,
chromium, gypsum, natural gas |
| Currency |
Omani Riyal (RO) RO 1 = US$ 2.58 |
| Location |
The Sultanate of Oman occupies the southeastern
tip of the Arabian Peninsula with almost 1700km
(1062 miles) of coastline stretching along the Indian
Ocean and the Arabian Gulf. It is bordered by the
Kingdom of Saudi Arabia to the west and the Republic
of Yemen to the south. The United Arab Emirates
lies to the northwest of Oman and to the east lies
the Arabian Sea and the Gulf of Oman. |
|
Economy - Overview
|
Oman’s economic performance improved significantly
in 2000 due largely to the upturn in oil prices.
The government is moving ahead with privatization
of its utilities, the development of a body of commercial
law to facilitate foreign investment, and increased
budgetary outlays. Oman continues to liberalise
its markets and joined the World Trade Organization
(WRTrO) in November 2000. GDP growth improved in
2001 despite the global slowdown and then fell back
2.2% in 2002. In order to reduce unemployment, the
government is trying to replace expatriate workers
with local workers. Another government objective
is the development of the nation’s gas resources. |
| GDP |
Purchasing power parity - $ 22.4 billion (2002
estimated) |
| GDP – real growth rate |
2.2% (2002 estimated) |
| GDP – per capita |
Purchasing power parity - $8,300 (2002 est.) |
| Industries |
Crude oil production and refining, natural gas
production, construction, cement,
copper |
| Exports |
$ 10.6 billion f.o.b. (2002 est.) |
| Exports-commodities |
Petroleum, reexports, fish, metals, textiles,
etc. |
| Exports - partners |
Japan 20.5%, South Korea 18.5%, China 14.1%, Thailand
11.7%, UAE 9.2%, Singapore 4.3%, US 4.1% (2002) |
| Imports |
$ 5.5 billion f.o.b. (2002 est) |
| Imports- commodities |
Machinery and transport equipment, manufactured
goods, food, livestock, lubricants,
etc. |
| Imports - partners |
UAE 27.5%, Japan 16.7%, UK 7.4%, US 6.9%, Germany
5% (2002) |
|
(in US$ Mn)
|
|
India-Oman Two-Way Trade
|
|
Year
|
India’s Exports to Oman
|
India’s Imports from Oman
|
Total Trade
|
|
2000-2001
|
143.58
|
6.34
|
149.92
|
|
2001-2002
|
148.99
|
8.48
|
157.47
|
|
2002-2003
|
198.54
|
13.84
|
212.38
|
|
2002-2003
(Apr-Sept)
|
109.42
|
5.93
|
115.35
|
|
2003-2004
(Apr-Sept)
|
86.03
|
38.82
|
124.85
|
Source ; DGCI & s, GOI.
