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Aliases: Saltanat Uman, Sultanate of Muscat and Oman, Sultanate of Oman, Uman

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Object «Oman» has attributes

Attribute Value
Geography
Area 309,500 km²
Continent Asia
Land area 309,500 km²
Water area 0 km²
Land boundaries 1,561 km
Border countries
  • Saudi Arabia
  • UAE
  • Yemen
Coastline 2,092 km
Mean elevation 310 m
Lowest point 0 m
Highest point 3,004 m
People
Population 4,664,844
Official languages
  • Arabic
Religion Muslim
Government
Long country name Sultanate of Oman
Short country name Oman
Long local name Saltanat Uman
Short local name Uman
Former name
  • Sultanate of Muscat and Oman
Government type Absolute monarchy
Capital Muscat
Economy
GDP (PPP) 190,100,000,000 USD
GDP (OER) 70,780,000,000 USD
GDP (real growth rate) -0.9 %
GDP - per capita (PPP) 46,000 USD
Gross national saving 16.1 % of GDP
Labor force 2,255,000
Unemployment rate Add
Population below poverty line Add
Budget revenues 22,140,000,000 USD
Budget expenditures 31,920,000,000 USD
Military expenditures 8.17 % of GDP
Taxes and other revenues 31.3 % of GDP
Budget surplus or deficit -13.8 % of GDP
Public debt 46.9 % of GDP
Inflation rate 1.6 %
Central bank discount rate 2 %
Commercial bank prime lending rate 5.2 %
Stock of narrow money 12,850,000,000 USD
Stock of broad money 12,850,000,000 USD
Stock of domestic credit 48,470,000,000 USD
Market value of publicly traded shares 41,120,000,000 USD
Current account balance -10,760,000,000 USD
Exports 103,300,000,000 USD
Imports 24,120,000,000 USD
Reserves of foreign exchange and gold 16,090,000,000 USD
External debt 46,270,000,000 USD
National currency Omani rials
National currency (code) OMR
National currency (symbol)
National currency rate to USD 0.3845

The inhabitants of the area of Oman have long prospered from Indian Ocean trade. In the late 18th century, the nascent sultanate in Muscat signed the first in a series of friendship treaties with Britain. Over time, Oman's dependence on British political and military advisors increased, although the sultanate never became a British colony. In 1970, QABOOS bin Said Al-Said overthrew his father, and has since ruled as sultan. Sultan QABOOS has no children and has not designated a successor publicly; the Basic Law of 1996 outlines Oman’s succession procedure. Sultan QABOOS’ extensive modernization program opened the country to the outside world, and the sultan has prioritized strategic ties with the UK and US. Oman's moderate, independent foreign policy has sought to maintain good relations with its neighbors and to avoid external entanglements.

Inspired by the popular uprisings that swept the Middle East and North Africa beginning in January 2011, some Omanis staged demonstrations, calling for more jobs and economic benefits and an end to corruption. In response to those protester demands, QABOOS in 2011 pledged to implement economic and political reforms, such as granting Oman’s bicameral legislative body more power and authorizing direct elections for its lower house, which took place in November 2011. Additionally, the Sultan increased unemployment benefits, and, in August 2012, issued a royal directive mandating the speedy implementation of a national job creation plan for thousands of public and private sector Omani jobs. As part of the government's efforts to decentralize authority and allow greater citizen participation in local governance, Oman successfully conducted its first municipal council elections in December 2012. Announced by the sultan in 2011, the municipal councils have the power to advise the Royal Court on the needs of local districts across Oman's 11 governorates.

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