Economy Oman
Economy - overview: Oman's economic performance improved significantly in 2000 due largely to the upturn in oil prices. The government is moving ahead with privatization of its utilities, the development of a body of commercial law to facilitate foreign investment, and increased budgetary outlays. Oman continues to liberalize its markets and joined the World Trade Organization (WTrO) in November 2000. GDP growth improved in 2001 despite the global slowdown.
GDP: purchasing power parity - $21.5 billion (2001 est.)
GDP - real growth rate: 7.4% (2001 est.)
GDP - per capita: purchasing power parity - $8,200 (2001 est.)
GDP - composition by sector: agriculture: 3% industry: 40% services: 57% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 1% (2001 est.)
Labor force: 920,000 (2002 est.)