About Us Oman Fact Sheet

OMAN: Fact Sheet

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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 Qaboos bin Said Al Said (since July 1970)
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 (muḥāfaẓah) headed by a Governor and 61 provinces (wilayah)
National Day: 18 November
Renaissance Day: 23 July
Judicial system: Mixed legal system of Anglo-Saxon law and Islamic law

3. POPULATION, RELIGION & LANGUAGE:
Population: 4.63 million (August 2019)
Omanis: 2.66 million (57.5%); Expatriates: 1.96 million (42.5%)
Density: 14.8 inhabitants per sq. km.
Religion: Ibadhi Muslim 75%, Others 25%
Language: Arabic

4. ECONOMY:
GDP: US$ 79.0 billion (2018)
GDP per capita: $17,173 (2018)
GDP growth rate: 12% (2018)
Unemployment rate: 2.4 % (June 2018)
Proven crude oil reserve: 4.8 billion barrels (December 2018)
Natural Gas reserve: 24.65 trillion cubic feet (December 2018)
Budgetary Projections 2019:
Projected Expenditure: RO 12.9 billion
Revenue: RO 10.1 billion
WTO Membership: Joined on 09.11.2000

Leading Foreign Trading partners:
Import sources:  UAE, China, India, USA, Italy, Japan, South Korea and Thailand
Export destinations: UAE, Saudi Arabia, Qatar, India, China, US, Japan

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.

September 2019