Oman is the 56 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Oman averaged 49 from 2003 until 2019, reaching an all time high of 68 in 2017 and a record low of 26 in 2003. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Oman Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Tourist Arrivals in Oman increased to 392 thousand in December from 317 thousand in November of 2019. Tourist Arrivals in Oman averaged 270.31 thousand from 2015 until 2019, reaching an all time high of 466 thousand in October of 2018 and a record low of 123 thousand in June of 2016. This page provides - Oman Tourist Arrivals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Oman remained unchanged at 3.10 percent in 2019 from 3.10 percent in 2018. Unemployment Rate in Oman averaged 4.42 percent from 1991 until 2019, reaching an all time high of 5.10 percent in 1993 and a record low of 3.10 percent in 2017. In Oman, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Oman Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Oman stands at 15 percent. Corporate Tax Rate in Oman averaged 12.67 percent from 2003 until 2020, reaching an all time high of 15 percent in 2017 and a record low of 12 percent in 2004. In Oman, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Oman. This page provides - Oman Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Oman stands at 0 percent. In Oman, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Oman. This page provides - Oman Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Oman increased to 819.70 OMR Million in December from 656.40 OMR Million in November of 2019. Imports in Oman averaged 717.31 OMR Million from 2004 until 2019, reaching an all time high of 1392.10 OMR Million in September of 2013 and a record low of 242.50 OMR Million in January of 2005. Oman main imports are: transport equipment (24 percent of total imports); electrical machinery and mechanical appliances and parts (18 percent); mineral products (14 percent) and base metals and articles thereof (13 percent). Main import partners are: United Arab Emirates (27 percent of total imports), Japan (13 percent) and United States (6 percent). Others include: Saudi Arabia, India, China and Germany. This page provides - Oman Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Oman increased to 1284.90 OMR Million in December from 1198.90 OMR Million in November of 2019. Exports in Oman averaged 1152.33 OMR Million from 2004 until 2019, reaching an all time high of 1992 OMR Million in September of 2012 and a record low of 423 OMR Million in August of 2004. Oman´s economy is highly dependent on exports of oil (62 percent of total exports) and liquefied natural gas (8 percent). Other exports include chemicals, plastics and rubber products. Main export partners are: China (30 percent of total exports), South Korea (11 percent), United Arab Emirates (10.7 percent) and Japan (10.5 percent). Others include: India, United States and Thailand. This page provides - Oman Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a trade surplus of 465.20 OMR Million in December of 2019. Balance of Trade in Oman averaged 482.65 OMR Million from 1982 until 2019, reaching an all time high of 2379 OMR Million in June of 2000 and a record low of -117.60 OMR Million in June of 1998. Oman has been recording large trade surpluses on a consistent basis due to oil and gas production. Shipments of oil and gas account for 70 percent of total exports. Main imports are: transport equipment; electrical machinery and mechanical appliances and mineral products. Main trading partners are: United Arab Emirates (11 percent of total exports and 27 percent of imports) and Japan (10.5 percent of exports and 13 percent of imports). Others include: China, India and United States. This page provides - Oman Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Oman was estimated at 4.9 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Oman had a population of 0.6 million people. The population of Oman represents 0.04 percent of the world´s total population which arguably means that one person in every 2447 people on the planet is a resident of Oman. This page provides - Oman Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a government debt equivalent to 47.50 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Oman averaged 20.07 percent from 1990 until 2018, reaching an all time high of 47.50 percent in 2018 and a record low of 4.10 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Oman Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Oman increased 2.25 percent in February of 2020 over the same month in the previous year. Food Inflation in Oman averaged 0.18 percent from 2014 until 2020, reaching an all time high of 3.83 percent in January of 2014 and a record low of -3 percent in December of 2016. This page provides the latest reported value for - Oman Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mortgage Approvals in Oman increased to 1348 in February from 1087 in January of 2020. Mortgage Approvals in Oman averaged 1485.61 from 2011 until 2020, reaching an all time high of 2595 in March of 2016 and a record low of 139 in July of 2017. This page provides - Oman Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Oman was last recorded at 2.15 percent. Interest Rate in Oman averaged 1.70 percent from 2008 until 2020, reaching an all time high of 5 percent in October of 2008 and a record low of 1 percent in March of 2012. In Oman, interest rate decisions are taken by the Central Bank of Oman. The official interest rate is the repo rate. This page provides the latest reported value for - Oman Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Oman decreased 0.51 percent in March of 2020 over the previous month. Inflation Rate Mom in Oman averaged 0.07 percent from 2012 until 2020, reaching an all time high of 0.90 percent in August of 2012 and a record low of -0.59 percent in February of 2014. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Oman Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Sector Credit in Oman increased to 19015.30 OMR Million in February from 18957.60 OMR Million in January of 2020. Private Sector Credit in Oman averaged 11218.63 OMR Million from 2004 until 2020, reaching an all time high of 19027.70 OMR Million in October of 2019 and a record low of 3031.60 OMR Million in February of 2004. This page provides - Oman Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Oman increased to 2132.90 Gigawatt-hour in February from 1947.30 Gigawatt-hour in January of 2020. Electricity Production in Oman averaged 2397.47 Gigawatt-hour from 2008 until 2020, reaching an all time high of 4264.60 Gigawatt-hour in June of 2019 and a record low of 832.20 Gigawatt-hour in December of 2008. This page provides - Oman Electricity Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Oman decreased to 110.40 points in March of 2020 from 112 points in February of 2020. CPI Transportation in Oman averaged 106.78 points from 2013 until 2020, reaching an all time high of 116.80 points in October of 2018 and a record low of 98.90 points in December of 2015. This page provides - Oman Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

CPI Housing Utilities in Oman remained unchanged at 104.20 points in March from 104.20 points in February of 2020. CPI Housing Utilities in Oman averaged 102.99 points from 2013 until 2020, reaching an all time high of 105 points in April of 2018 and a record low of 100 points in February of 2013. This page provides - Oman Cpi Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Oman decreased to 959 BBL/D/1K in January from 970 BBL/D/1K in December of 2019. Crude Oil Production in Oman averaged 878.71 BBL/D/1K from 1994 until 2020, reaching an all time high of 1057 BBL/D/1K in November of 2000 and a record low of 693 BBL/D/1K in July of 2007. This page provides the latest reported value for - Oman Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Oman was recorded at -0.29 percent in March of 2020. Inflation Rate in Oman averaged 3.09 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -0.55 percent in November of 2015. In Oman, the main components of the consumer price index are: Food, Beverages and Tobacco (30 percent of the total weight); Transport and Communication (22 percent) and Rent, Electricity, Water and Fuel (21 percent). Clothing, Textiles and Footwear account for 8 percent; Personal Care Items and Other Services for 6 percent and Furniture and Housing Materials for 5 percent. Others include: Educational Services (3 percent); Recreation and Entertainment (3 percent) and Medical Care (2 percent). The index has a base of 100 as of 2000. This page provides - Oman Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of loans in Oman increased 1.35 percent in February of 2020 over the same month in the previous year. Loan Growth in Oman averaged 13.77 percent from 2005 until 2020, reaching an all time high of 55.17 percent in July of 2008 and a record low of 1.35 percent in February of 2020. This page provides - Oman Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman recorded a government budget deficit of 344.40 OMR Million in January of 2020. Government Budget Value in Oman averaged 3452.51 OMR Million from 1980 until 2020, reaching an all time high of 16379 OMR Million in February of 2001 and a record low of -3373.20 OMR Million in December of 2012. The government budget balance is the difference between government revenues and expenses (minus 100 OMR million considered as expenditures under settlement). The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Oman Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Oman stands at BB- with negative outlook. Moody's credit rating for Oman was last set at Ba2 with under review outlook. Fitch's credit rating for Oman was last reported at BB with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Oman thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Oman as reported by major credit rating agencies.

Oman recorded 17 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Oman reported 3224 Coronavirus Cases. This page includes a chart with historical data for Oman Coronavirus Deaths.

Consumer Confidence Price Trends in European Union increased to 18.30 in June from 18 in May of 2017. Consumer Confidence Price Trends in European Union averaged 20.75 from 1985 until 2017, reaching an all time high of 48.80 in September of 1990 and a record low of -11.50 in August of 2009. This page includes a chart with historical data for European Union Consumer Confidence Price Trends.

Consumer Confidence Current Conditions in European Union increased to -8.50 in June from -10.40 in May of 2017. Consumer Confidence Current Conditions in European Union averaged -26.18 from 1985 until 2017, reaching an all time high of -4.80 in May of 2000 and a record low of -65.90 in May of 2009. This page includes a chart with historical data for European Union Consumer Confidence Current Conditions.

Consumer Confidence Economic Expectations in European Union increased to -5 in June from -6.90 in May of 2017. Consumer Confidence Economic Expectations in European Union averaged -11.27 from 1985 until 2017, reaching an all time high of 1.40 in April of 2000 and a record low of -39.80 in March of 2009. This page includes a chart with historical data for European Union Consumer Confidence Economic Expectations.

Consumer Confidence Savings Expectations in European Union increased to -0.40 in June from -1.50 in May of 2017. Consumer Confidence Savings Expectations in European Union averaged -7.18 from 1985 until 2017, reaching an all time high of 2.20 in April of 2001 and a record low of -16.60 in February of 1985. This page includes a chart with historical data for European Union Consumer Confidence Savings Expectations.

Consumer Confidence Unemployment Expectations in European Union decreased to 3.50 in June from 5.20 in May of 2017. Consumer Confidence Unemployment Expectations in European Union averaged 24.91 from 1985 until 2017, reaching an all time high of 67.10 in March of 2009 and a record low of 0.80 in May of 2000. This page includes a chart with historical data for European Union Consumer Confidence Unemployment Expectations.

Consumer Confidence Financial Expectations in European Union decreased to 0.20 in June from 0.50 in May of 2017. Consumer Confidence Financial Expectations in European Union averaged -1.89 from 1985 until 2017, reaching an all time high of 5.40 in April of 2001 and a record low of -12.60 in July of 2008. This page includes a chart with historical data for European Union Consumer Confidence Financial Expectations.

The Personal Income Tax Rate in European Union stands at 38.60 percent. Personal Income Tax Rate in European Union averaged 41.13 percent from 1996 until 2018, reaching an all time high of 47 percent in 1996 and a record low of 38 percent in 2009. In the European Union, the Personal Income Tax Rate is an average of the taxes collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. This page provides - European Union Personal Income Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in European Union stands at 21.50 percent. Sales Tax Rate in European Union averaged 18.25 percent from 1968 until 2018, reaching an all time high of 21.60 percent in 2015 and a record low of 13.63 percent in 1969. In the European Union, the sales tax rate is an average of the taxes charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. This page provides - European Union Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in European Union stands at 21.30 percent. Corporate Tax Rate in European Union averaged 26.51 percent from 1996 until 2018, reaching an all time high of 35.20 percent in 1997 and a record low of 21.30 percent in 2018. In the European Union, the Corporate Income tax rate is an average of the taxes collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. This page provides - European Union Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Women in European Union increased to 63.44 in 2018 from 63.31 in 2017. Retirement Age Women in European Union averaged 62.58 from 2009 until 2018, reaching an all time high of 63.44 in 2018 and a record low of 61.24 in 2009. This page provides - European Union Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Men in European Union increased to 64.28 in 2018 from 64.21 in 2017. Retirement Age Men in European Union averaged 63.79 from 2009 until 2018, reaching an all time high of 64.28 in 2018 and a record low of 62.57 in 2009. This page provides - European Union Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in European Union increased to 12715249.10 EUR Million in 2018 from 12579778.20 EUR Million in 2017. Government Debt in European Union averaged 9286946.44 EUR Million from 2000 until 2018, reaching an all time high of 12715249.10 EUR Million in 2018 and a record low of 5804160.50 EUR Million in 2000. This page provides - European Union Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in European Union was last recorded at 37417 US dollars in 2018. The GDP per Capita in European Union is equivalent to 296 percent of the world's average. GDP Per Capita in European Union averaged 24020.86 USD from 1960 until 2018, reaching an all time high of 37417 USD in 2018 and a record low of 10071.50 USD in 1960. This page provides the latest reported value for - European Union GDP Per Capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product per capita in European Union was last recorded at 38076 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in European Union, when adjusted by Purchasing Power Parity is equivalent to 214 percent of the world's average. GDP Per Capita Ppp in European Union averaged 31473.94 USD from 1990 until 2018, reaching an all time high of 38076 USD in 2018 and a record low of 24868 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides the latest reported value for - European Union GDP Per Capita Ppp - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

European Union recorded a Current Account surplus of 1.30 percent of the country's Gross Domestic Product in 2018. Current Account To GDP in European Union averaged -0.24 percent from 1999 until 2018, reaching an all time high of 1.40 percent in 2016 and a record low of -2.20 percent in 2008. This page provides - European Union Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate in European Union remained unchanged at 69.30 percent in 2018 from 69.30 percent in 2017. Home Ownership Rate in European Union averaged 70.64 percent from 2007 until 2018, reaching an all time high of 73.20 percent in 2008 and a record low of 69.20 percent in 2016. This page provides the latest reported value for - European Union Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Construction output in European Union increased 1.40 percent in November of 2019 over the same month in the previous year. Construction Output in European Union averaged 0.62 percent from 1997 until 2019, reaching an all time high of 12.20 percent in February of 2000 and a record low of -11.40 percent in February of 2009. The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering. This page provides - European Union Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in European Union decreased to 107.42 points in January of 2020 from 107.55 points in December of 2019. Cpi Transportation in European Union averaged 86.43 points from 1996 until 2020, reaching an all time high of 108.56 points in August of 2019 and a record low of 59.31 points in January of 1996. This page provides - European Union Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in European Union increased 2.50 percent in January of 2020 over the same month in the previous year. Food Inflation in European Union averaged 2.99 percent from 1997 until 2020, reaching an all time high of 16.10 percent in November of 1997 and a record low of -1 percent in June of 2014. This page provides - European Union Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in European Union decreased 0.70 percent in January of 2020 over the previous month. Inflation Rate Mom in European Union averaged 0.19 percent from 1996 until 2020, reaching an all time high of 2.50 percent in February of 1997 and a record low of -1.30 percent in January of 2015. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides the latest reported value for - European Union Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core consumer prices in European Union increased 1.40 percent in January of 2020 over the same month in the previous year. Core Inflation Rate in European Union averaged 1.54 percent from 1997 until 2020, reaching an all time high of 2.70 percent in February of 2002 and a record low of 0.70 percent in November of 2014. This page provides - European Union Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Part Time Employment in European Union decreased to 42975.10 Thousand in the third quarter of 2019 from 43634.10 Thousand in the second quarter of 2019. Part Time Employment in European Union averaged 40068.01 Thousand from 2002 until 2019, reaching an all time high of 43634.10 Thousand in the second quarter of 2019 and a record low of 31484.60 Thousand in the second quarter of 2002. This page provides - European Union Part Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Asylum Applications in European Union increased to 65810 persons in October from 55890 persons in September of 2019. Asylum Applications in European Union averaged 44159.19 persons from 2008 until 2019, reaching an all time high of 167190 persons in October of 2015 and a record low of 10785 persons in March of 2008. Asylum Application in this page refers to first time asylum applicants. Data is supplied to Trading Economics by the Eurostat, National Ministries of Interior and other official agencies.

GDP Constant Prices in European Union increased to 3697577.90 EUR Million in the fourth quarter of 2019 from 3692337.30 EUR Million in the third quarter of 2019. GDP Constant Prices in European Union averaged 3089111.69 EUR Million from 1995 until 2019, reaching an all time high of 3697577.90 EUR Million in the fourth quarter of 2019 and a record low of 2404032.90 EUR Million in the first quarter of 1995. This page provides - European Union GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in European Union increased to 766147.70 EUR Million in the fourth quarter of 2019 from 760031.40 EUR Million in the third quarter of 2019. Government Spending in European Union averaged 644107.44 EUR Million from 1995 until 2019, reaching an all time high of 766147.70 EUR Million in the fourth quarter of 2019 and a record low of 512028 EUR Million in the first quarter of 1995. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in European Union increased to 103.14 points in the fourth quarter of 2019 from 101.88 points in the third quarter of 2019. GDP Deflator in European Union averaged 87.82 points from 1995 until 2019, reaching an all time high of 103.14 points in the fourth quarter of 2019 and a record low of 69.03 points in the first quarter of 1995. This page provides - European Union GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.