The gross domestic product (GDP) at current prices in 2021 stood at concerning OMR33,909.8 million, up by 16.2 percent compared to 29,187.2 million in 2020, said the bulletin Foreign Investment Statistics in the Sultanate of Oman provided by the National Center for Stats and Information (NCSI).
The notice indicated that the portion of foreign financial investment circulations of GDP amounted to 12.6 percent in 2021 contrasted to 0.7 per cent in 2020.
The complete foreign investment in the Sultanate of Oman hit OMR25,045.2 million in 2021 contrasted to OMR20,781.7 million in 2020 up by 20.5 per cent.
International direct financial investment (FDI) constituted the largest share of complete foreign investments at 70.9 per cent, and other international investments accounted for 23.9 per cent, while foreign portfolio investments represented 5.2 percent.
The NCSI publication added that the complete FDI in 2021 stood at OMR17,762.6 million, while international profile financial investments totaled up to OMR1,290.2 million. Other foreign financial investments stood at concerning OMR5,985.4 million. Foreign investment in monetary by-products fell to get to OMR7 million.
The notice claimed that the quantity of financial circulations in 2021 stood at OMR4,263.5 million, indicating that the oil and gas market had monetary flows of OMR3,124.1 million, complied with by the monetary intermediation field with an amount of OMR418.1 million, then the transport, storage and also interactions field with OMR300.4 million, as well as the manufacturing sector with OMR112.1 million.
The NCSI bulletin added that the value of FDI in 2021 stood at OMR17.8 billion, a boost of 24.5 per cent from 2020. This rise was driven by the oil and also gas market by 68.6 percent. The relative importance of the converting markets industry and the monetary intermediation market got to 9.6 per cent as well as 9.3 percent specifically.
The notice claimed that 45.3 per cent of FDI in the Sultanate of Oman mosted likely to the UK (UK), adhered to by the United States of America (U.S.A.) at 15.5 percent.
When it comes to the GCC states, the publication revealed that the FDI of the United Arab Emirates (UAE) stood at OMR951 million in 2021, compared to 1,017.1 million in 2020. Kuwaiti investments dropped from OMR807.4 million in 2020 to OMR800.5 million in 2021. Qatari financial investments grew to get to OMR457.5 million in 2021 compared to OMR376 million in 2020. Saudi investments additionally boosted to reach OMR80.6 million in 2021 contrasted to OMR75.8 million. Bahraini financial investments dropped from OMR371.6 million in 2020 to OMR371.2 million in 2021.
The overall revenue paid to international investment organizations enhanced dramatically by 101.7 percent, to reach OMR3.466 billion in 2021, compared to OMR1.718 billion in 2020.
The worth of earnings dispersed to international direct financiers boosted by 124.9 per cent to get to OMR2,799.4 million in 2021 contrasted to OMR1,244.4 million in 2020.
The total Omani investments abroad stood at OMR6.016 billion in 2021 compared to OMR5,935.2 million in 2020, a boost of concerning 1.4 percent. UAE covered the Omani direct financial investments with OMR1,018.1 billion.
The complete earnings received for Omani investment abroad – as shown by the notice– struck OMR58.1 million in 2021 AD, contrasted to OMR64.8 million in 2020, a fall of 10.3 per cent.
Last Updated: 27 February 2023
