Population:
3,418,085
country comparison to the world: 133
note: includes 577,293 non-nationals (July 2009 est.)
Most Omani residents have access to health care. The country has a very low rate of disease. Most of the Omani People are healthy and are living a very healthy life. The hospitals in Oman provide very high quality of health care.
Most of the biggest hospitals and health centers are located in the Muscat and Batinah regions. (Due to the region’s high population in comparison to other regions in the country.)
Most of the hospitals in Oman are government hospitals. There are only few Private Hospitals in the country of which Muscat Private Hospital is the biggest.
Though the Omanies have a high life expectancy of 73.8 the nations medical industry can not be compared to other more developed countries. Still the government is trying to develop this sector and encourage students to study medicine. Since most of the experienced doctors are foreign.
Health care institutions
There are many medical institutions in the country. Several hospitals, health centers, clinics and pharmacies are easily found all around the nation.
Economy of Oman
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Oman is a middle-income economy that is heavily dependent on dwindling oil resources, but sustained high oil prices in recent years have helped build Oman’s budget and trade surpluses and foreign reserves. As a result of its dwindling oil resources, Oman is actively pursuing a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector’s contribution to GDP to 9% by 2020.
Some of these projects may be in jeopardy, however, because Muscat overestimated its ability to produce or secure the natural gas needed to power them. Oman actively seeks private foreign investors, especially in the industrial, information technology, tourism, and higher education fields.
Industrial development plans focus on gas resources, metal manufacturing, petrochemicals, and international transshipment ports. The drop in oil prices and the global financial crisis in 2008 will affect Oman’s fiscal position and it may post a deficit in 2009 if oil prices stay low.
In addition, the global credit crisis is slowing the pace of investment and development projects – a trend that probably will continue into 2009.
Oman GDP (purchasing power parity):
$66.87 billion (2008 est.)
country comparison to the world: 82
$62.84 billion (2007 est.)
$59.4 billion (2006 est.)
note: data are in 2008 US dollars
Oman GDP (official exchange rate):
$59.95 billion (2008 est.)
GDP – real growth rate:
6.4% (2008 est.)
country comparison to the world: 49
5.8% (2007 est.)
7.5% (2006 est.)
GDP – per capita (PPP):
$20,200 (2008 est.)
country comparison to the world: 61
$19,600 (2007 est.)
$19,100 (2006 est.)
note: data are in 2008 US dollars
GDP – composition by sector:
agriculture: 2.1%
industry: 36.1%
services: 61.8% (2008 est.)
Labor force:
968,800
country comparison to the world: 139
note: about 60% of the labor force is non-national (2007)
Labor force – by occupation:
agriculture: NA%
industry: NA%
services: NA%
Unemployment rate:
15% (2004 est.)
country comparison to the world: 154
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Investment (gross fixed):
27.2% of GDP (2008 est.)
country comparison to the world: 36
Budget:
revenues: $18.13 billion
expenditures: $15.95 billion (2008 est.)
Public debt:
2.8% of GDP (2008 est.)
country comparison to the world: 125
10.3% of GDP (2004 est.)
Inflation rate (consumer prices):
12.5% (2008 est.)
country comparison to the world: 174
5.9% (2007 est.)
Central bank discount rate:
0.91% (31 December 2008)
country comparison to the world: 134
1.98% (31 December 2007)
Commercial bank prime lending rate:
7.1% (31 December 2008)
country comparison to the world: 116
7.29% (31 December 2007)
Stock of money:
$5.25 billion (31 December 2008)
country comparison to the world: 54
$5.044 billion (31 December 2007)
Stock of quasi money:
$14.57 billion (31 December 2008)
country comparison to the world: 47
$11.04 billion (31 December 2007)
Stock of domestic credit:
$17.83 billion (31 December 2008)
country comparison to the world: 61
$13.88 billion (31 December 2007)
Market value of publicly traded shares:
$14.91 billion (31 December 2008)
country comparison to the world: 67
$23.06 billion (31 December 2007)
$16.16 billion (31 December 2006)
Agriculture – products of Oman:
dates, limes, bananas, alfalfa, vegetables; camels, cattle; fish
Industries in Oman:
crude oil production and refining, natural and liquefied natural gas (LNG) production; construction, cement, copper, steel, chemicals, optic fiber
Industrial production growth rate:
3.5% (2008 est.)
country comparison to the world: 73
Electricity – production:
13.58 billion kWh (2007 est.)
country comparison to the world: 83
Electricity – consumption:
11.36 billion kWh (2007 est.)
country comparison to the world: 78
Electricity – exports:
0 kWh (2008 est.)
Electricity – imports:
0 kWh (2008 est.)
Oil – production:
761,000 bbl/day (2008 est.)
country comparison to the world: 26
Oil – consumption:
81,000 bbl/day (2008 est.)
country comparison to the world: 83
Oil – exports:
593,700 bbl/day (2008 est.)
country comparison to the world: 25
Oil – imports:
17,290 bbl/day (2007 est.)
country comparison to the world: 118
Oil – proved reserves:
5.5 billion bbl (1 January 2009 est.)
country comparison to the world: 23
Natural gas – production:
24 billion cu m (2008 est.)
country comparison to the world: 29
Natural gas – consumption:
13.46 billion cu m (2008 est.)
country comparison to the world: 41
Natural gas – exports:
10.89 billion cu m (2008)
country comparison to the world: 18
Natural gas – imports:
350 million cu m (2008 est.)
country comparison to the world: 62
Natural gas – proved reserves:
849.5 billion cu m (1 January 2009 est.)
country comparison to the world: 29
Current account balance:
$5.523 billion (2008 est.)
country comparison to the world: 32
$1.933 billion (2007 est.)
Exports:
$37.72 billion (2008 est.)
country comparison to the world: 60
$24.72 billion (2007 est.)
Exports – commodities:
petroleum, reexports, fish, metals, textiles
Exports – partners:
China 31.7%, South Korea 17%, UAE 11.7%, Japan 11%, Thailand 7.1% (2008)
Imports:
$20.71 billion (2008 est.)
country comparison to the world: 72
$14.34 billion (2007 est.)
Imports – commodities:
machinery and transport equipment, manufactured goods, food, livestock, lubricants
Imports – partners:
UAE 27.2%, Japan 15.6%, US 5.7%, China 4.6%, India 4.5%, South Korea 4.2%, Germany 4.2% (2008)
Reserves of foreign exchange and gold:
$11.58 billion (31 December 2008 est.)
country comparison to the world: 63
$9.524 billion (31 December 2007 est.)
Debt – external:
$7.68 billion (31 December 2008 est.)
country comparison to the world: 94
$5.297 billion (31 December 2007 est.)
Stock of direct foreign investment – at home:
$NA
Stock of direct foreign investment – abroad:
$NA
Exchange rates:
Omani rials (OMR) per US dollar – 0.3845 (2008 est.), 0.3845 (2007), 0.3845 (2006), 0.3845 (2005), 0.3845 (2004)