US—Ambassador Richard W. BOEHM; Embassy at address NA, Muscat (mailing address is P. O. Box 50200 Madinat Qaboos, Muscat); telephone 698-989
_#_Flag: three horizontal bands of white (top, double width), red, and green (double width) with a broad, vertical, red band on the hoist side; the national emblem (a khanjar dagger in its sheath superimposed on two crossed swords in scabbards) in white is centered at the top of the vertical band
_*Economy #_Overview: Economic performance is closely tied to the fortunes of the oil industry. Petroleum accounts for nearly all export earnings, about 80% of government revenues, and roughly 40% of GDP. Oman has proved oil reserves of 4 billion barrels, equivalent to about 20 years' supply at the current rate of extraction. Although agriculture employs a majority of the population, urban centers depend on imported food.
_#_GDP: $9.2 billion, per capita $5,870 (1990); real growth rate - 3.0% (1987 est.)
_#_Inflation rate (consumer prices): 1.3% (1989)
_#_Unemployment rate: NA%
_#_Budget: revenues $3.5 billion; expenditures $4.3 billion, including capital expenditures of $675 million (1989 est.)
_#_Exports: $3.9 billion (f.o.b., 1989);
commodities—petroleum, reexports, processed copper, dates, nuts, fish;
partners—Japan, South Korea, Taiwan