The Fundamental Goals of the Omani Economy 2020 are:

 

1. To develop and upgrade Omani human resources in order to cope with technological progress and attain international competitiveness.

 

 2. To develop a private sector capable of optimum use of human and natural resources in an efficient and ecologically- sound way, in close collaboration with the government.

 

3. To utilize the geo-strategic location of the Sultanate, optimize the use of its natural resources and promote economic diversification.

 

4. To distribute the fruits of development among all regions and all citizens.

 

5. To preserve, safeguard and develop the achievements accomplished in the past twenty-five years.

Projections for the Vision for Oman's Economy Oman 2020

 

Main Economic Indicators as a % of GDP
(Base Year 1988=100)

 

Item

1995

2000

2020

1
2
3

Total Government Revenue
Total Goverment Expenditure
Budget Balance

38.8
48.8
10.0-

34.6
34.6
0.0

16
14
2

4

Total Final Consumption

78.8

72.4

68

5

Domestic Saving

21.2

27.6

32

6

Total Investment
-Public Investment
-Private Investment

14.5
10.1
4.4

16.9
8.3
8.6

34
3
31

7
8
9

Total Imports
Total Exports
-Non Oil Exports
-Oil Exports
Current Account (Balance)

34.5
41.1
9.4
31.7
7.2-

29.9
40.5
14.4
26.1
8.0-

20
23
13
10
4

10
11

Public External Debt
State General Reserve Fund Balance

20.9
17.4

16.3
2.9

9
24

ANNUAL AVERAGE GROWTH RATE(%)

 

Item

1995-91

2000-96

2020

12
13
14

Gross Domestic Product
Non Oil GDP
GDP Per Capita

5.8
6.8
0.02

5.1
5.7
1.0

7.4
8.8
3.8

The Sectoral Relative Shares to Gross Domestic Product (%)
1993=100