icameral Consultative Council
Judicial branch:
none; traditional Islamic judges and a nascent civil court system
Political parties and leaders:
none
Other political or pressure groups:
NA
Member of:
ABEDA, AFESD, AL, AMF, ESCWA, FAO, G-77, GCC, IBRD, ICAO, IDA, IDB,
IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ISO
(correspondent), ITU, NAM, OIC, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU,
WHO, WMO
Diplomatic representation in US:
chief of mission:
Ambassador-designate Ahmad bin Muhammad al-RASBI
chancery:
2342 Massachusetts Avenue NW, Washington, DC 20008
telephone:
(202) 387-1980 through 1982
US diplomatic representation:
chief of mission:
Ambassador David J. DUNFORD
embassy:
address NA, Muscat
mailing address:
P. O. Box 202 Code No. 115, Muscat
telephone:
[968] 698-989
FAX:
[968] 604-316
Flag:
three horizontal bands of white (top, double width), red, and green
(double 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 at the top of the
vertical band
@Oman, Economy
Overview:
Economic performance is closely tied to the fortunes of the oil
industry, including trends in international oil prices and the ability
of OPEC producers to agree on output quotas. Petroleum accounts for
more than 85% of export earnings, about 80% of government revenues,
and roughly 40% of GDP. Oman has proved oil reserves of 4 billion
barrels, equivalent to about 20 years' supply at the current rate of
extraction. Agriculture is carried on at a subsistence level and the
general population depends on imported food. The government is
encouraging private investment, both domestic and foreign, as a prime
force for further economic development.
National product:
GDP - purchasing power equivalent - $16.4 billion (1993 est.)
National product real growth rate:
6.1% (1993 est.)
National product per capita:
$10,000 (1993 est.)
Inflation rate (consumer prices):
2% (1993 est.)
Unemployment rate:
NA%
Budget:
revenues:
$4.4 billion
expenditures:
$5.2 billion, including capital expenditures of $1 billion (1994 est.)
Exports:
$5 billion (f.o.b., 1993 est.)
commodities:
petroleum 87%, re-exports, fish, processed copper, textiles
partners:
UAE 30%, Japan 27%, South Korea 10%, Singapore 5% (1991)
Imports:
$3.7 b
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