Names: conventional long form: Sultanate of Oman conventional short form: Oman local long form: Saltanat Uman local short form: Uman former: Muscat and Oman
Capital City: Muscat
Population: 3,102,229 note: includes 577,293 non-nationals (July 2006 est.)
GDP Per Capita: $14,100 (2006 est.)
Currency: Omani rial (OMR)
Languages: Arabic (official), English, Baluchi, Urdu, Indian dialects
Total Area: total: 212,460 sq km land: 212,460 sq km water: 0 sq km slightly smaller than Kansas
Region: Asia
Industries: crude oil production and refining, natural and liquefied natural gas (LNG) production; construction, cement, copper, steel, chemicals, optic fiber
Agriculture: dates, limes, bananas, alfalfa, vegetables; camels, cattle; fish
Resources: petroleum, copper, asbestos, some marble, limestone, chromium, gypsum, natural gas
Labor Force:
920,000 (2002 est.)
agriculture: NA% industry: NA% services: NA%
Exports:
$24.73 billion f.o.b. (2006 est.)
petroleum, reexports, fish, metals, textiles
Imports:
$10.29 billion f.o.b. (2006 est.)
machinery and transport equipment, manufactured goods, food, livestock, lubricants
Overview:
Oman is a middle-income economy in the Middle East with notable oil and gas resources, a substantial trade surplus, and low inflation. Sustained high oil prices in recent years have helped build Oman's budget and trade surpluses and foreign reserves. Oman joined the World Trade Organization in November 2000 and continues to liberalize its markets. To reduce unemployment and limit dependence on foreign labor, the government is encouraging the replacement of foreign expatriate workers with local workers. Oman actively seeks private foreign investors, especially in the industrial, information technology, tourism, and higher education fields. Industrial development plans focus on gas resources, metal manufacturing, petrochemicals, and international transshipment ports.
In 2007 Missouri exported $8,089,437 in goods to Oman. This ranks Oman 40th among the 223 international buyers of Missouri goods. Missouri exports to Oman increased from the previous year by $5,258,938 a change of 185.8%. State exports to Oman have increased over the last 5 years by $6,744,410 a change of 501.43%. Missouri exports account for .06%. of all 2007 US exports to Oman.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 1,345,027 | 1,575,107 | 1,146,721 | 2,576,266 | 2,830,499 | 8,089,437 | |
| 000 - Total All Industries US | 356,625,535 | 323,139,423 | 329,701,626 | 593,263,487 | 853,844,168 | 1,059,219,254 | |