Economic Review 2015 - NCSI PORTAL Econo… · Economic Review 2015 July 2015 First Quarter. His...

Economic Review 2015

July 2015

First Quarter

His Majesty Sultan Qaboos bin Said

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Economic ReviewFirst Quarter 2015 - July 2015

ContentsFirstly: Oman in world Economic Index 5

Secondly: World and Regional Outlook 5

Thirdly: Economic performance in the Sultanate 6

1. Gross Domestic Product 6

2. Public Finance 8

3. Monetary Sector 10

4. Muscat Securities Market Index 12

5. Tourism Sector 12

6. Prices 14

- Producer Price Index 14

- Consumer price index 16

7. Foreign Trade 17

8. Private sector workforce 18

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Firstly: Oman in world Economic Index

Enabling World Trade Index 2014 :- The Sultanate ranked 31 at World Level and obtained 4.7 points out of 7.

- It came in Third position at both Arab and GCC States levels.31

World Competitiveness Index (2014 – 2015) : - The Sultanate came in 46 place at World Level and obtained 4.46 points out of 7.

- It came in 6th place among both Arab Countries and GCC States. 46

Economic Freedom Index 2015 :- The Sultanate ranked 56 at World Level and obtained 66.7 points out of 100.

- It came in 5th place among Arab Countries and 4 th place among GCC States. 56

Travel and Tourism Competitiveness Index 2015: - The Sultanate came in 65 place at World Level and obtained 3.79 points out of 7.

- It ranked 4th place among both the Arab Countries and GCC States.65

Secondly: World and Regional Outlook

“Global growth in 2014was amodest 3.4%, reflecting a pickup in growth inadvanced economies relative to the previous year and a slowdown in emerging market and developing economies.

Global growth is projected to reach 3.5% and 3.8% in 2015 and 2016, respectively. Growth is projected to be stronger in 2015 relative to 2014 in advanced economies, but weaker in emerging markets.

Inflationhasdeclinedinadvancedeconomies,reflectingthedeclineinoilprices,and a weakening of demand in a number of countries already experiencing below-targetinflation,suchastheEuroAreaandJapan.

With regard to emerging markets, lower prices for oil and other commodities (including food, which has a larger weight in the consumer price index of emerging market and developing economies) have generally contributed to reductions in inflation,withthenotableexceptionofcountriessufferingsizableexchangeratedepreciations, such as Russia.

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Oil prices have declined by about 45% since September 2014. A variety of factors have played a part: weaker-than-expected global activity; weaker demand for oil, given activity; and greater supply. Unexpected demand weakness in some major economies, in particular emerging market economies, has clearly played a role in the oil price decrease. ’’ 1

Thirdly: Economic performance in the Sultanate

1. Gross Domestics Product

GDP at current prices dropped by 14.2% at the end of March 2015 compared to the corresponding period of 2014, where it decreased from RO. 7.6 billion at the end of March 2014 to RO. 6.5 billion at the end of March 2015.

Figure No.(1):GDP Growth Rate at Current Prices, Accumulative Data (change %)

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2011 2012 2013 2014 2015

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GDP at Current Price

Oil activities value added declined by 36.8% at the end of March 2015 compared to the corresponding period of the previous year, declining from RO.3.8 billion at the end of March 2014 to RO.2.4 billion at the end of March 2015. This decline was attributed mainly to the decrease in the value added of Crude Oil by 40.9% due

1 Source: world Economic Outlook Report, IMF, April 2015.

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to the decrease of average oil prices by 41.5% during the period under reference (Figure No.2). By comparison, the value added of Natural Gas increased by 16.3% at the end of March 2015 compared to the corresponding period of 2014.

Figure No.(2): Omani Crude Oil Production and Prices- Annual Data (2011 - 2015)

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a Non-oil activities value added increased by 4.1% at the end of March 2015 to reach

RO.4.4 billion compared to RO. 4.3 billion in the corresponding period of 2014. This increase was attributed to the increase in the value added of the Services Activities by 6.6%, Agriculture and Fisheries Activities by 5.3%, while Industrial Activities value added dropped by 2.4% during the period under reference.

Services Activities value added increased to RO. 3.2 billion the end of March 2015 compared to RO. 3 billion at the end of March 2014, due to the increase in the value added of Other Services Activities - which include Health, Education and others - by 11.9%, Financial Intermediation by 11.2%, Transport, Storage and Communication by 9%, Real Estate Activities and Business Projects Activities by 5.9%, Hotels and Restaurants Activities by 4.4%, Wholesale and Retail Trade Activities by 2.1%, and Public Administration Activities and Defense by 1.1%.

The value added of Industrial Activities declined 2.4% at the end of March 2015 compared to the same period of the previous year due to the decline in the value added of Basic Chemical Industry 18.2% and Construction by 3.1%. By

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comparison, Other Manufacturing Industries value added increased by 20.9%, Mining and Quarrying by 10% and Electricity and Water Supplies by 9.2% during the period under reference.

Figure No. (3): Contribution in GDP Growth at the end of March 2015 Compared to the same period of 2014 (percentage points)

Extraction of Natural GasIndustry Activities

Other Manufacturing Construction

Electricity & Water SupplyMining & Quarrying

Manufacture of Basic ChemicalServices Activities

Other ServicesPublic Admin & DefenceFinancial Intermediation

Transport Storage & Comms.Real Estate Services

Wholesale & Retail TradeHotels & Restaurants

Agriculture and Fishing

-16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6

GDPPetroleum Activities

Extraction of Crude Oil Extraction of Natural Gas

Contribution (Percentage Points)

2. Public Finance

PublicfinanceregisteredadeficitofRO.544.6millionduringQ12015comparedtothecorrespondingquarterof2014withadeficitofRO.215.4million.

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Figure NO.(4): Public Expenditure, Quarterly Data (Million Omani Rial)

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2011 2012 2013 2014 2015

Current Expenditure Investment Expenditure Participation and Support to the Private Sector

Source: Ministry of Finance

The State Public Revenues decreased by 23.9% during Q1 2015 dropping from RO 3.2 billion during Q1 2014 to RO. 2.4 billion in Q1 2015. This decline was attributed to the decrease of Net Oil Revenue 35.3%, Other Revenues by 24%, and Capital Revenues by 1.1%. By comparison, Gas Revenues increased by 22.7% , Corporate Income Tax by 893.5%, and Custom Duties by 100% during Q1 2015 compared to the corresponding quarter of the previous year.

Public Expenditure dropped by 6% during Q1 2015 compared to the same quarter of 2014 decreasing from RO. 2.6 billion in Q1 2014 to 2.4 billion in Q1 2015, due to the decrease in Contribution and Support by 47.9%, whereas Investment Expenditure increased by 2.3%, and Current Expenditure by 0.3% during the period under reference.

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3. Monetary Sector

Domestic liquidity (M2) increased by 13 % in Q1 2015 compared to the same period of 2014, rising from RO. 12.7 billion in Q1 2014 to RO. 14.4 billion during Q1 2015.

Total deposits in commercial banks increased by 4.6% to reach RO. 17.9 billion in Q1 2015 compared to RO. 17.2 billion during the same period of 2014. This increase was attributed to the rise of private sector deposits by 12.1%, while government sector’s deposits (ministries, government corporations and public enterprises) decreased by 6.9% during Q1 2015 compared to the corresponding quarter of 2014.

Total credit (loans) increased by 11.6% during Q1 2015 rising from RO. 15.6 billion during Q1 2014 to RO. 17.4 billion during Q1 2015.

This increase in total credit was attributed to the rise of credit awarded to the government sector (ministries, government corporations and public enterprises) by 15.2% during Q1 2015 compared to the corresponding quarter of the previous year, while the credit provided to the private sector increased by 11.1% to reach RO.15.3 billion in Q1 2015.

Figure No.(5):Growth of money supply , Total Credit, and credit to personal loans, cumulative data

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Total Credit Credit to Personal Loans M2

2 Source: Central Bank of Oman.البنك المركزي العماني :المصدر

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Personal loans represented 39% of total loans during Q1 2015, reaching RO. 6.8 billion rising by 9.5% compared to the corresponding period of 2014.

Average interest rate on total credit declined to 5.5% during Q1 2015 compared to the corresponding quarter of 2014, while real interest rate (average interest rate minusinflationrate)droppedfrom4.1%inQ12014to3.9%inQ12015.

Figure No.(6):Average Nominal and Real Interest Rate on Total Loans in The Private Sector, Monthly Data

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an eb ar pr ay un ul ug ep ct ov ec an eb ar

سعر الفائدة الحقيقي متوسط

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Source: Centralالبنك المركزي العماني: المصدر Bank of Oman

The Index of effective exchange rate of the Omani Rail increased by 9.3% during Q1 2015 rising from 95.7 points during Q1 2014 to 104.6 points during Q1 2015.

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4. Muscat Securities Market Index

Muscat Securities Market Index decreased by 9.03% during Q1 2015 compared to Q1 2014 to reach 6238 points.

Trade value dropped by 40.5% during Q1 2015 compared to the corresponding quarter of 2014 dropping from RO.691.3 million in Q1 2014 to RO.411.36 million in Q1 2015.

Aswithregardstosectorcontribution,thefinancialsectorrankedfirstintermsoftrade accounting for 63%, followed by the industrial sector with a contribution of 20% of the total, while the service sector came in third place achieving 16 % and securities with trade value of 1% of the total trade value during Q1 2015.

Figure No.(7):Muscat Securities Market Index, monthly data

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Source: Muscat Securities Market

5. Tourism Sector 2

Five stars hotels witnessed a drop in their revenues in Q1 2015 by 6% compared to the corresponding quarter of 2014 decreased from RO 33 million during Q1 2014 to RO.31 million during Q1 2015. This decrease was attributed to the drop in the number of occupied rooms by 5.9% and the number of available rooms by 2.1%

2 Includes The Data of 5 and 4 Star Hotels Only.

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which led to the drop in occupancy rate to 3.8%, while the number of hotel guests increased by 19% , and tourists nights by 2.6% during Q1 2015 compared to Q1 2014.

Four stars hotels, on the other hand, registered an increase of 11.7% in their revenues in Q1 2015 compared to Q1 2014, due to the rise in the number of guests by 10%, available rooms by 8%, tourists’ nights by 7% and occupied rooms by 5.1%. By comparison, occupancy rates decreased by 3% during Q1 2015 compared to the corresponding quarter 2014.

Figure No(8): Revenues of Five and Four Star Hotels, Quarterly Data, Change(%)

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Source: Monthly and Quarterly survey for 4,5 star hotels

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6. Prices

Producer Price Index

Producer General Price Index declined by 15.3% during Q1 2015 compared to Q1 2014 due to the decrease in the prices of Oil and Gas Products by 17.1% and Non- oil Products by 5.3% . The Producer General Price Index also decreased by 3.1% during Q1 2015 compared to the previous quarter.

The decline of Oil and Gas products during Q1 2015 compared to Q1 2014 was attributedtothedecreaseinRefinedOilProductsby37.3%andCrudeOilandNatural Gas prices by 14% during the period under reference.

The prices of Non - Oil products dropped by 5.3% in Q1 2015 compared to Q1 2014 due to the decrease in the prices of Non-oil Manufacturing Products Group by 7.4%. By comparison, the price of Mining, Electricity and Water Group rose by 2.2%, due to the increase in the prices of Electricity Energy and Water by 2.7%, while the prices of the Minerals, Stones and Sand Group decreased by 2.3% during the same period.

Non-oil Manufacturing Group Index dropped in Q1 2015 compared to Q1 2014 due to the decrease in the prices of: Other Transportable Goods by10.8% , Metal Products, Machinery and Equipment Group by 4.8% and Food, Beverages and Textile Products by 2.9% during the period under reference.

The decrease in the prices of Other Transportable Goods Group was due to the decrease in the prices of Gases and Acids Polypropylene Products by 24.7%, Rubber and Plastic Group by 2.1% and Wood and Paper products by 0.4% during Q1 2015 compared by the corresponding quarter of 2014, while the prices of Furniture,JewelryandManufacturingandMeltedMetalWasteGroupandGlass,Cement and Marble products Group increased by 0.5% each, and the prices of Paints and Pharmaceutical Groups by 0.4% during the period under reference.

The decrease in the prices of Metal Products and Machinery and Equipment Groups by 4.8% during Q1 2015 compared to Q1 2014 was attributed to the decline in the prices of Fabricated Products of Steel or Aluminum by 9.1%, Raw and Products of Steel or Aluminum by 4.8%, Distribution and Delivery of Electricity Apparatus and Recording Taps and CDs by 3.6% and Conditioning, Heating and Pumping Water, Drilling of Oil Wells and Cars Oil Filters Groups by 2%.

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Food, Beverages and Textile Group witnessed a decline in their prices during Q1 2015 compared to the corresponding quarter of 2014 due to the decrease in the prices of the Dairy Products by 11.1% and Fish, Fruits, Vegetables and Oil Groups by 3.8%, while the prices of Bakery Products and Other Food Products Group and Beverages Group registered an increase of 0.3% each, Readymade Cloths, Textiles and Footwear 0.1% during the period under reference.

Figure No.(9): Producer Price Index, Quarterly data

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Oil & Gas Products Non-Oil Products

Quarterly Survey of PPISource: National Centre of Statistics and Information ‐

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Consumer price index

Inflationrateincreasedby0.6%duringQ12015comparedtothecorrespondingquarter of 2014.

The increase of the Consumer Price Index during Q1 2015 compared to Q1 2014 was mainly attributed to the rise in the prices of most groups constituting the Index as follows:

- Communication Group: The prices of this group increased by 4.8% due to the increase in the prices of Fix Telephone and Fax Services by 5.1%.

- Household Equipment and Routine Maintenance Group: The prices of this group increased by 6.2% due to the rise in the wages of housemaids by 14.3%, Services used in routine household maintenance by 9.6% and homemade textile by 0.9%.

- Transport Group: the prices of this group increased by 0.9% due to the increase in the price of transport services by 17%.

- Housing, Water, Electricity, Gas and Other Types of Fuel Groups: the prices of this group increased by 0.4%% due to rise in actual rent by 1.3% and Household Maintenance by 0.9%.

- Health Group: The prices of this group increased by 5.8% as a result of the rise in the price of Physiotherapy treatment by 25.9%, Private Clinics Services Charges by 9.3% and Teeth Extraction, Cleaning Filling by 5%.

- Education Group: The prices of this group increased by 4.5% due to rise in the Pre-basic Education School Fees by 10.9% and Secondary Education by 8.1%.

- Hotels and Restaurants Group: This group witnessed an increase in its prices by 0.5% due to the increase in the prices of Meals Services by 0.6%.

- Tobacco Group: The group registered a 3.6% increase in its prices.- On the other hand Food and Non-Alcoholic Beverages prices declined by 0.1%

due to the decrease in the prices of Fish and Sea Food Group by 6.9%, Vegetable Group by 5.3%,Fruits Group by 0.4%, Bread and cereal Group by 0.2%,. By comparison, Meat Group increased by 1.1%, Milk, Cheese and Egg by 0.5%, Oil andFatsGroupby0.2%,Sugar,Jam,HoneyandSweetsGroupby0.1%,OtherFood Group by 0.6% and Non-alcoholic Beverages by 0.2% during the period under reference.

- The prices of Cloths and Footwear Group and Recreation and Entertainment Group decreased by1.3% and 0.2% respectively, while the prices of the Miscellaneous GoodsandServicesstabilizedduringQ12015comparedtoQ12014.

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Figure No.(10): Contribution Towards the Changes of the General Consumer Price Index, in Q1 2015, Compared to Corresponding Quarter of Previous Year

(Percentage Points)

Transport

Housing, water, electricity, gas

Health

Education

Resturants and Hotels

Miscellaneous goods and services

Tobacco

Recreation and Culture

Foods & non-alcoholic beverages

Clothing & Footwear

-0.3 -0.2 -0.1 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7

General Index

Communication

Furnishings, household equipment & maintenance

Source: National Centre of Statistics and Information- Monthly Survey of CPI

Contribution (Percentage Points)

7. Foreign Trade

Totalvalueofmerchandizeexportsdecreasedby31.5%duringQ12015comparedto Q1 2014 to reach RO.3.5 billion. This decline was attributed to the drop in oil exports value by 33.4% , re-export value by 28.6%. and non-oil exports by 27.5% during the period under reference.

Imports value dropped by 4.1% during Q1 2015 compared to Q1 2014 where it declined from RO.2.8 billion in Q1 2014 to RO.2.7 billion during Q1 2015.

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FigureNo.(11)ChangesinTheValueofMerchandizeExportsandImports,Quarterly Data

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Merchandise Exports Merchandise Imports

Souce: Royal Oman Police, Ministry of Oil and Gas, Orpic, and Oman LNG

8. Private sector workforce3 Total number of Omani workforce in the private sector increased by 8.6% during

Q1 2015 rising from 186 thousands at the end of March 2014 to 202 thousands at the end of March 2015.

Expatriate labor force increased by 3.7% totaling 1.6 million at the end of March 2015 compared to the corresponding period of the previous year, while the percentage of expatriates working in the government sector reached 4% of the total number of expatriates working in the Sultanate and 81% in the private sector whereas the household sector absorbed 15% of the total number of expatriates working in the Sultanate during the period under reference.

3 Source: Royal Oman Police and the Public Authority for Social Insurance.

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Figure No.(12):Growth of National Work force in the Private sector, quarterly data

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Source:Royal Oman Police and the Public Authority for Social Insurance.

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مالمح اإلقتصاد العمانيلعـام 2015م الربـع االول - يوليو 2015

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Q1 Q2 Q3 Q4 Q1

GDP Current (RO Billions) الناتج المحلي اإلجمالي باألسعار الجارية )مليار( ر.ع

All Economy 14.2 16.1 23.4 18.5 22.6 26.1 29.4 30.1 7.6 15.3 23.6 31.5 6.5 جميع اإلقتصاد% Change 19.1 13.8 45.0 -20.6 21.9 15.9 12.4 2.4 0.9 -14.0 5.2 4.6 -14.2 التغير )%(Oil GDP 6.7 7.1 11.8 7.4 10.4 13.9 15.3 15.2 3.8 7.5 11.4 14.8 2.4 الناتج المحلي اإلجمالي النفطي% Change 14.7 5.9 65.9 -37.7 40.7 33.7 10.5 -0.9 -0.2 -0.4 1.4 -2.4 -36.8 التغير )%(Non Oil GDP1 7.5 9.0 11.6 11.1 12.2 14.1 16.0 17.2 4.3 8.7 13.6 18.9 4.4 الناتج المحلي اإلجمالي غير النفطي 1% Change 25.9 20.0 28.9 -4.3 9.9 11.7 13.6 7.3 8.3 7.3 8.2 10.1 4.1 التغير )%(Oman Crude Oil النفط الخام العمانيPrice )US$/BBL( 61.4 65.2 101.1 56.70 76.6 103.0 109.6 105.5 106.0 105.4 106.7 103.2 62.0 السعر )دوالر/برميل(Production )Mn BBL( 269 259 277 297 305 304 336 344 85 85 88 87 87 اإلنتاج )مليون برميل(Trade )RO Billions( التجارة) مليار ر.ع(Oil Exports 6.7 7.2 11.0 6.9 9.7 12.8 14.0 14.3 3.4 3.2 3.5 3.2 2.2 الصادرات النفطية Non Oil Exports 0.8 1.3 2.0 1.8 2.4 3.0 3.6 3.8 1.0 0.8 1.2 1.0 0.7 الصادرات الغير نفطيةRe-exports 0.8 1.0 1.5 1.8 1.9 2.2 2.5 3.5 0.8 0.8 0.7 0.7 0.5 إعادة التصديرImports 4.2 6.1 8.8 6.9 7.6 9.1 10.8 13.2 2.8 2.8 2.8 2.8 2.7 الواردات Price Indices )Quarterly(2 مؤشرات األسعار )ربعي(2Consumer Price Index Oman 105.2 111.4 125.2 129.5 133.7 139.2 143.2 101.1 101.5 102.0 102.4 102.4 102.1 الرقم القياسي العام ألسعار المستهلكين بالسلطنةCPI Oman )Change %( 3.5 5.9 12.4 3.4 3.3 4.0 2.9 1.1 0.8 1.4 0.8 0.9 0.6 التغير )%(CPI Muscat 3.2 5.1 12.8 5.0 4.7 4.4 3.0 1.3 0.8 1.5 0.6 0.6 0.6 الرقم القياسي العام ألسعار المستهلكين )مسقط(

CPI Al Batinah North 4.6 8.4 11.2 1.2 1.7 4.3 3.7 1.0 1.4 1.8 1.1 1.3 0.4 الرقم القياسي العام ألسعار المستهلكين )شمال الباطنة(

CPI Al Dhahirah 2.4 5.8 12.0 3.7 2.9 3.0 3.6 0.9 0.2 0.7 0.8 1.3 1.4 الرقم القياسي العام ألسعار المستهلكين )الظاهرة(CPI Al Dakhiliyah 3.2 6.6 11.3 0.0 3.1 3.5 3.5 0.8 0.0 0.4 0.2 0.6 0.3 الرقم القياسي العام ألسعار المستهلكين )الداخلية(

CPI Ash Sharqiyah )North & South( 3.9 5.5 15.1 2.7 1.2 4.2 0.9 1.3 0.4 1.7 1.3 1.2 0.7 الرقم القياسي العام ألسعار المستهلكين )جنوب وشمال الشرقية(

CPI Dhofar 3.1 5.0 10.0 3.6 2.2 3.0 2.8 0.7 1.2 1.6 1.9 1.5 1.5 الرقم القياسي العام ألسعار المستهلكين )ظفار(CPI Al Burami 0.9 1.4 1.4 0.6 1.3 0.2 الرقم القياسي العام ألسعار المستهلكين )البريمي(Monetary Sector )RO Billions( قطاع النقد ) مليار ر.ع(M2 4.5 6.1 7.5 7.9 8.8 9.9 10.9 11.8 12.7 13.0 12.9 13.8 14.4 السيولة المحلية )م2(Total Credit 4.7 6.5 9.3 9.8 10.7 12.5 15.6 15.1 15.6 16.4 16.5 16.9 17.4 إجمالي اإلئتمان Personal Loans 1.8 2.6 3.6 4.0 4.3 5.0 5.8 6.1 6.2 6.3 6.5 6.7 6.8 القروض الشخصيةAverage Interest Rate )%( 7.0 7.1 6.0 6.4 6.2 5.6 5.0 4.9 4.9 4.7 4.8 4.7 4.6 متوسط سعر الفائدة )%(

Manpower in Private Sector )Net total at period end, ‹000s(

القوى العاملة في القطاع الخاص ) صافي اإلجمالي في نهاية الفترة(

Omani )PASI( 114.3 131.8 147.2 158.3 177.7 174.4 172.1 181.9 186.1 189.9 192.9 197.5 202.0 عمانيExpatriate 510.7 638.4 794.9 874.2 955.6 1114.6 1316.2 1527.2 1535.9 1539.2 1550.4 1570 1594 وافد

1 financial intermediation indirectly measured and import taxes are allocated completely to the non oil sector in these data 1 ال��صاطة املالية املقدرة بطريقة غري مبا�صرة وال�صرائب على ال�اردات خ�ص�صت بالكامل للأن�صطة غري النفطية يف هذه البيانات.

2 The base year for CPI for 2013 has been updated to be 2012 instead of 2000. ا عن 2000. 2 مت حتديث ال�صنة املرجعية للأرقام القيا�صية الأ�صعار امل�صنهلكني لعام 2013 لتك�ن �صنة اال�صا�ص 2012 ع��صً

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Economic ReviewFirst Quarter 2015 - Julyl 2015

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Q1 Q2 Q3 Q4 Q1

GDP Current (RO Billions) الناتج المحلي اإلجمالي باألسعار الجارية )مليار( ر.ع

All Economy 14.2 16.1 23.4 18.5 22.6 26.1 29.4 30.1 7.6 15.3 23.6 31.5 6.5 جميع اإلقتصاد% Change 19.1 13.8 45.0 -20.6 21.9 15.9 12.4 2.4 0.9 -14.0 5.2 4.6 -14.2 التغير )%(Oil GDP 6.7 7.1 11.8 7.4 10.4 13.9 15.3 15.2 3.8 7.5 11.4 14.8 2.4 الناتج المحلي اإلجمالي النفطي% Change 14.7 5.9 65.9 -37.7 40.7 33.7 10.5 -0.9 -0.2 -0.4 1.4 -2.4 -36.8 التغير )%(Non Oil GDP1 7.5 9.0 11.6 11.1 12.2 14.1 16.0 17.2 4.3 8.7 13.6 18.9 4.4 الناتج المحلي اإلجمالي غير النفطي 1% Change 25.9 20.0 28.9 -4.3 9.9 11.7 13.6 7.3 8.3 7.3 8.2 10.1 4.1 التغير )%(Oman Crude Oil النفط الخام العمانيPrice )US$/BBL( 61.4 65.2 101.1 56.70 76.6 103.0 109.6 105.5 106.0 105.4 106.7 103.2 62.0 السعر )دوالر/برميل(Production )Mn BBL( 269 259 277 297 305 304 336 344 85 85 88 87 87 اإلنتاج )مليون برميل(Trade )RO Billions( التجارة) مليار ر.ع(Oil Exports 6.7 7.2 11.0 6.9 9.7 12.8 14.0 14.3 3.4 3.2 3.5 3.2 2.2 الصادرات النفطية Non Oil Exports 0.8 1.3 2.0 1.8 2.4 3.0 3.6 3.8 1.0 0.8 1.2 1.0 0.7 الصادرات الغير نفطيةRe-exports 0.8 1.0 1.5 1.8 1.9 2.2 2.5 3.5 0.8 0.8 0.7 0.7 0.5 إعادة التصديرImports 4.2 6.1 8.8 6.9 7.6 9.1 10.8 13.2 2.8 2.8 2.8 2.8 2.7 الواردات Price Indices )Quarterly(2 مؤشرات األسعار )ربعي(2Consumer Price Index Oman 105.2 111.4 125.2 129.5 133.7 139.2 143.2 101.1 101.5 102.0 102.4 102.4 102.1 الرقم القياسي العام ألسعار المستهلكين بالسلطنةCPI Oman )Change %( 3.5 5.9 12.4 3.4 3.3 4.0 2.9 1.1 0.8 1.4 0.8 0.9 0.6 التغير )%(CPI Muscat 3.2 5.1 12.8 5.0 4.7 4.4 3.0 1.3 0.8 1.5 0.6 0.6 0.6 الرقم القياسي العام ألسعار المستهلكين )مسقط(

CPI Al Batinah North 4.6 8.4 11.2 1.2 1.7 4.3 3.7 1.0 1.4 1.8 1.1 1.3 0.4 الرقم القياسي العام ألسعار المستهلكين )شمال الباطنة(

CPI Al Dhahirah 2.4 5.8 12.0 3.7 2.9 3.0 3.6 0.9 0.2 0.7 0.8 1.3 1.4 الرقم القياسي العام ألسعار المستهلكين )الظاهرة(CPI Al Dakhiliyah 3.2 6.6 11.3 0.0 3.1 3.5 3.5 0.8 0.0 0.4 0.2 0.6 0.3 الرقم القياسي العام ألسعار المستهلكين )الداخلية(

CPI Ash Sharqiyah )North & South( 3.9 5.5 15.1 2.7 1.2 4.2 0.9 1.3 0.4 1.7 1.3 1.2 0.7 الرقم القياسي العام ألسعار المستهلكين )جنوب وشمال الشرقية(

CPI Dhofar 3.1 5.0 10.0 3.6 2.2 3.0 2.8 0.7 1.2 1.6 1.9 1.5 1.5 الرقم القياسي العام ألسعار المستهلكين )ظفار(CPI Al Burami 0.9 1.4 1.4 0.6 1.3 0.2 الرقم القياسي العام ألسعار المستهلكين )البريمي(Monetary Sector )RO Billions( قطاع النقد ) مليار ر.ع(M2 4.5 6.1 7.5 7.9 8.8 9.9 10.9 11.8 12.7 13.0 12.9 13.8 14.4 السيولة المحلية )م2(Total Credit 4.7 6.5 9.3 9.8 10.7 12.5 15.6 15.1 15.6 16.4 16.5 16.9 17.4 إجمالي اإلئتمان Personal Loans 1.8 2.6 3.6 4.0 4.3 5.0 5.8 6.1 6.2 6.3 6.5 6.7 6.8 القروض الشخصيةAverage Interest Rate )%( 7.0 7.1 6.0 6.4 6.2 5.6 5.0 4.9 4.9 4.7 4.8 4.7 4.6 متوسط سعر الفائدة )%(

Manpower in Private Sector )Net total at period end, ‹000s(

القوى العاملة في القطاع الخاص ) صافي اإلجمالي في نهاية الفترة(

Omani )PASI( 114.3 131.8 147.2 158.3 177.7 174.4 172.1 181.9 186.1 189.9 192.9 197.5 202.0 عمانيExpatriate 510.7 638.4 794.9 874.2 955.6 1114.6 1316.2 1527.2 1535.9 1539.2 1550.4 1570 1594 وافد

1 financial intermediation indirectly measured and import taxes are allocated completely to the non oil sector in these data 1 ال��صاطة املالية املقدرة بطريقة غري مبا�صرة وال�صرائب على ال�اردات خ�ص�صت بالكامل للأن�صطة غري النفطية يف هذه البيانات.

2 The base year for CPI for 2013 has been updated to be 2012 instead of 2000. ا عن 2000. 2 مت حتديث ال�صنة املرجعية للأرقام القيا�صية الأ�صعار امل�صنهلكني لعام 2013 لتك�ن �صنة اال�صا�ص 2012 ع��صً

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