or Hunaina bint Sultan bin Ahmad
al-MUGHAIRI
chancery: 2535 Belmont Road, NW, Washington, DC 20008
telephone: [1] (202) 387-1980
FAX: [1] (202) 745-4933

Diplomatic representation from the US:

chief of mission: Ambassador Gary A. GRAPPO
embassy: Jameat A'Duwal Al Arabiya Street, Al Khuwair area, Muscat
mailing address: P. O. Box 202, P.C. 115, Madinat Sultan Qaboos,
Muscat
telephone: [968] 24-643-400
FAX: [968] 24-699771

Flag description:

three horizontal bands of white, red, and green of equal width with
a broad, vertical, red band on the hoist side; the national emblem
(a khanjar dagger in its sheath superimposed on two crossed swords
in scabbards) in white is centered near the top of the vertical band

Economy
Oman

Economy - overview:

Oman is a middle-income economy that is heavily dependent on
dwindling oil resources, but 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. It ratified a
free trade agreement with the US in September 2006, and, through the
Gulf Cooperation Council, seeks similar agreements with the EU,
China and Japan. As a result of its dwindling oil resources, Oman is
actively pursuing a development plan that focuses on
diversification, industrialization, and privatization, with the
objective of reducing the oil sector's contribution to GDP to 9
percent by 2020. Muscat is attempting to "Omanize" the labor force
by replacing 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.

GDP (purchasing power parity):

$60.89 billion (2007 est.)

GDP (official exchange rate):

$40.06 billion (2007 est.)

GDP - real growth rate:

5.6% (2007 est.)

GDP - per capita (PPP):

$19,000 (2007 est.)

GDP - composition by sector:

agriculture: 2.2%
industry: 38.2%
services: 59.6% (2007 est.)

Labor force:

920,000 (2002 est.)

Labor force - by occupation:

agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:

15% (2004 est.)

Population below poverty line:

NA%

Household income or consumption by percentage sh