OMAN: Fact Sheet

1. GENERAL:
Area: 309,500 sq. km. (coastline 2,092 kms.)
Capital: Muscat
Main Cities: Muscat (capital), Nizwa, Sohar, Salalah, Sur, Buraimi

2. GOVERNMENT:
Founder: Imam Ahmed bin Said (1778)
Head of State and Head of Government:  His Majesty Sultan Haitham Bin Tarik (since January 2020)
Parliament: Bicameral. The parliament is composed of two Houses:  Majlis al-Shura (Lower House) and Majlis al-Dawla / State Council (Upper House)
Governorates and provinces: Oman has 11 provinces (muḥafaẓah) headed by a Governor and 61 provinces (wilayat)
National Day: 18 November
Judicial system: Mixed legal system of Anglo-Saxon law and Islamic law

3. POPULATION, RELIGION & LANGUAGE:
Population:5.072 million (Feb 2023)
Omanis: 2.89 million ; Expatriates: 2.11 million
Density:16 inhabitants per sq. km.
Religion:     Ibadi Muslim 75%, Others 25%
Language: Arabic

4. ECONOMY:
GDP: US$ 88.19 billion (2021)
GDP per capita: $19,509.5 (2021)
GDP growth rate: 3.1% (2021)
Unemployment rate: 2.5 % (2021)

Proven crude oil reserve: 5.37 billion barrels (2021)
Natural Gas reserve: 23.00 trillion cubic feet (2021)

Budgetary Projections 2023:
Projected Expenditure: RO 11.4 billion
Revenue: RO 10.1 billion
WTO Membership: Joined on 09.11.2000

Leading Foreign Trading partners :
Import sources: UAE, Saudi Arabia , India, China and Qatar
Export destinations: UAE, Saudi Arabia, USA, India and Qatar

5. MISCELLANEOUS:
Currency: Rial Omani (R.O.) 1 = 1000 Baizas (R.O. 1 = U.S.$ 2.58 or R.O. 0.387 = US$ 1)
Calendar/ Public Holidays: Oman follows the Gregorian calendar. Fridays and Saturdays are official weekly holidays.

March 2023