The Arab country is projected to grow 1.3% in 2023 and 1.4% this year, supported by favorable oil prices and reforms. Agriculture, construction, and services are driving the Omani economy.
Browsing: economia de Omã
The oil production cuts are expected to make the Gulf country grow less this year compared to 2022. Still, GDP is projected to increase by 1.3%. Inflation has receded, and reforms favor economic recovery.
Recovery of the international prices of the commodity last year have strengthened the confidence in the country, but there are still some challenges, particularly the fiscal consolidation, according to IMF report.
