Compare Oman (2008) - Oman (2007)

Compare Oman (2008) z Oman (2007)

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	Oman (2008)	Oman (2007)

Budget	revenues: $13.82 billion expenditures: $13.67 billion (2007 est.)	revenues: $13.07 billion expenditures: $11.62 billion (2006 est.)
Debt - external	$3.483 billion (31 December 2007 est.)	$3.465 billion (2006 est.)
Economy - overview	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. Oman joined the World Trade Organization in November 2000 and continues to liberalize its markets. It ratified a free trade agreement with the US in September 2006, and, through the Gulf Cooperation Council, seeks similar agreements with the EU, China and Japan. 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 percent by 2020. Muscat is attempting to "Omanize" the labor force by replacing foreign expatriate workers with local workers. 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.	Oman is a middle-income economy in the Middle East with notable oil and gas resources, a substantial trade surplus, and low inflation. Sustained high oil prices in recent years have helped build Oman's budget and trade surpluses and foreign reserves. Oman joined the World Trade Organization in November 2000 and continues to liberalize its markets. It ratified a free trade agreement with the US in September 2006 and, through the Gulf Cooperation Council, seeks similar agreements with the EU, China and Japan. To reduce unemployment and limit dependence on foreign labor, the government is encouraging the replacement of foreign expatriate workers with local workers. 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.
Exchange rates	Omani rials per US dollar - 0.3845 (2007), 0.3845 (2006), 0.3845 (2005), 0.3845 (2004), 0.3845 (2003)	Omani rials per US dollar - 0.3845 (2006), 0.3845 (2005), 0.3845 (2004), 0.3845 (2003), 0.3845 (2002)
GDP - composition by sector	agriculture: 2.2% industry: 38.3% services: 59.5% (2007 est.)	agriculture: 2.3% industry: 39.1% services: 58.6% (2006 est.)
GDP - real growth rate	5.3% (2007 est.)	6.6% (2006 est.)
Imports	15,440 bbl/day (2004)	NA bbl/day
Imports - partners	UAE 22.4%, Japan 16.4%, US 8.1%, Germany 5.5%, India 4.3% (2006)	UAE 22.4%, Japan 16.5%, US 8.1%, Germany 5.4%, India 4.3% (2006)
Industrial production growth rate	3.2% (2007 est.)	5.9% (2006 est.)
Inflation rate (consumer prices)	4% (2007 est.)	3.2% (2006 est.)
Legislative branch	bicameral Majlis Oman consists of Majlis al-Dawla or upper chamber (70 seats; members appointed by the monarch; has advisory powers only) and Majlis al-Shura or lower chamber (84 seats; members elected by popular vote to serve four-year terms; body has some limited power to propose legislation, but otherwise has only advisory powers) elections: last held 27 October 2007 (next to be held in 2011) election results: new candidates won 46 seats and 38 members of the outgoing Majlis kept their positions; none of the 20 female candidates were elected	bicameral Majlis Oman consists of Majlis al-Dawla (or upper chamber) (58 seats; members appointed by the monarch; has advisory powers only) and Majlis al-Shura (or lower chamber)(84 seats; members elected by popular vote to serve four-year terms; body has some limited power to propose legislation, but otherwise has only advisory powers) elections: last held 4 October 2003 (next to be held in October 2007) election results: NA
Military branches	Sultan's Armed Forces (SAF): Royal Army of Oman, Royal Navy of Oman, Royal Air Force of Oman (Al-Quwwat al-Jawwiya al-Sultanat Oman, RAFO) (2007)	Royal Omani Armed Forces: Royal Army of Oman, Royal Navy of Oman, Royal Air Force of Oman (Al-Quwwat al-Jawwiya al-Sultanat Oman, RAFO) (2006)
Pipelines	gas 4,126 km; oil 3,558 km (2007)	gas 4,072 km; oil 3,405 km (2006)
Telephone system	general assessment: modern system consisting of open-wire, microwave, and radiotelephone communication stations; limited coaxial cable domestic: fixed-line and mobile-cellular subscribership both increasing; open-wire, microwave, radiotelephone communications, and a domestic satellite system with 8 earth stations international: country code - 968; the Fiber-Optic Link Around the Globe (FLAG) and the SEA-ME-WE-3 submarine cable provide connectivity to Asia, the Middle East, and Europe; satellite earth stations - 2 Intelsat (Indian Ocean), 1 Arabsat	general assessment: modern system consisting of open-wire, microwave, and radiotelephone communication stations; limited coaxial cable domestic: open-wire, microwave, radiotelephone communications, and a domestic satellite system with 8 earth stations international: country code - 968; satellite earth stations - 2 Intelsat (Indian Ocean), 1 Arabsat

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