PESTLE Analysis of Oman 2016, July 2016
Oman economy is dominated by industrial sector which contributed approximately 54.9% to the total GDP in 2015. Mining and quarrying is the major contributing 21.2% of GDP. Oman is expected to start a number of large infrastructure projects, including the building of roads, trade and industrial centers, hospitals, and airports. Oman has the 9th (five year) Development Plan which provides direction for prioritizing capital expenditure, encouraging private investment and creating jobs for nationals in the private sector. Oman’s government has diversified the economy from the oil sector to the non-oil sector. The non-oil sectors such as retail sector, healthcare sector, education, residential housing, and banking and financial sector is expected to driver economic growth during the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Oman, and has come up with a comprehensive research report “PESTLE Analysis of Oman 2016”. This report provides an analysis of the Oman economy from historical, current, and future perspectives. SWOT analysis, forecast, scenario analysis, and risk analysis of Oman is also included in the report. The report also includes forecast of the economic growth through 2021.
The report highlights various drivers and challenges which have influence on development decisions in the economy. Oman is considered to be one of the most democratic and liberal countries in the Middle Eastern region. Oman is a politically stable country which follows constitutional monarchy. Oman has the 25th largest oil reserves and the 27th largest natural gas reserves in the world. Oman has good international and regional relations; it has also strong international assessments of the business environment. Oman has the best equipped armed forces in the Gulf region. Oman armed forces have close ties with foreign armies and forces are frequently trained and briefed by the British Army. Industrial sector is the main sector, which is driving the economic growth of Oman. The country, however, is facing social challenges that include increasing crime rate, which is raising the level of corruption. Oman is highly dependent on its oil revenue, which is one of the main challenges. If oil prices decline, it directly affects the country’s GDP. The other challenge for Oman is low R&D investment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Oman, and has come up with a comprehensive research report “PESTLE Analysis of Oman 2016”. This report provides an analysis of the Oman economy from historical, current, and future perspectives. SWOT analysis, forecast, scenario analysis, and risk analysis of Oman is also included in the report. The report also includes forecast of the economic growth through 2021.
The report highlights various drivers and challenges which have influence on development decisions in the economy. Oman is considered to be one of the most democratic and liberal countries in the Middle Eastern region. Oman is a politically stable country which follows constitutional monarchy. Oman has the 25th largest oil reserves and the 27th largest natural gas reserves in the world. Oman has good international and regional relations; it has also strong international assessments of the business environment. Oman has the best equipped armed forces in the Gulf region. Oman armed forces have close ties with foreign armies and forces are frequently trained and briefed by the British Army. Industrial sector is the main sector, which is driving the economic growth of Oman. The country, however, is facing social challenges that include increasing crime rate, which is raising the level of corruption. Oman is highly dependent on its oil revenue, which is one of the main challenges. If oil prices decline, it directly affects the country’s GDP. The other challenge for Oman is low R&D investment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY
2. OMAN’S POLITICAL ANALYSIS
2.1: Structure and Stability of Government
2.2: Government Policy Agenda
2.2.1: Policy Agenda – Reforms and Future Plans
3. OMAN’S ECONOMIC ANALYSIS
3.1: Sectoral Contribution to the GDP and the GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2016-2021)
3.3: Pricing Trends-Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and its Contribution to GDP
3.6: Foreign Direct Investment
4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
4.1: Risk in Current Account Balance
4.2: Terms of Trade of Oman
4.3: Risk in Balance of Payment (BOP)
4.5: Risk in Fiscal Balance
4.5: Risk in External Sector
4.5.1: External Debt and Default Risk
4.5.2: Risk in Foreign Exchange Reserves and Exchange Rate
4.6: Credit Rating of Countries
5. OMAN’S SOCIAL ANALYSIS
5.1: Social and Demographic Analysis
5.2: Labor Market
5.3: Social Development Index
6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
6.1: R&D Expenditure in Oman
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. OMAN’S LEGAL ANALYSIS
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Recent Economic Policies
7.5: Doing Business in Oman 2016
8. OMAN’S ENVIRONMENTAL ANALYSIS
8.1: Government’s Action against Environmental Issues
8.2: Environment Policy
9. SWOT ANALYSIS – SEARCH OF POTENTIAL OPPORTUNITIES IN OMAN
2. OMAN’S POLITICAL ANALYSIS
2.1: Structure and Stability of Government
2.2: Government Policy Agenda
2.2.1: Policy Agenda – Reforms and Future Plans
3. OMAN’S ECONOMIC ANALYSIS
3.1: Sectoral Contribution to the GDP and the GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2016-2021)
3.3: Pricing Trends-Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and its Contribution to GDP
3.6: Foreign Direct Investment
4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
4.1: Risk in Current Account Balance
4.2: Terms of Trade of Oman
4.3: Risk in Balance of Payment (BOP)
4.5: Risk in Fiscal Balance
4.5: Risk in External Sector
4.5.1: External Debt and Default Risk
4.5.2: Risk in Foreign Exchange Reserves and Exchange Rate
4.6: Credit Rating of Countries
5. OMAN’S SOCIAL ANALYSIS
5.1: Social and Demographic Analysis
5.2: Labor Market
5.3: Social Development Index
6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
6.1: R&D Expenditure in Oman
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. OMAN’S LEGAL ANALYSIS
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Recent Economic Policies
7.5: Doing Business in Oman 2016
8. OMAN’S ENVIRONMENTAL ANALYSIS
8.1: Government’s Action against Environmental Issues
8.2: Environment Policy
9. SWOT ANALYSIS – SEARCH OF POTENTIAL OPPORTUNITIES IN OMAN
LIST OF FIGURES
CHAPTER 3. OMAN’S ECONOMIC ANALYSIS
Figure 3.1: Economic Scenario of Major Countries in 2015
Figure 3.2: Trends of the Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: Sectoral Contribution to GDP in 2015
Figure 3.6: Share of Different Sectors as Percentage of GDP in 2015
Figure 3.7: Annual Trends of Inflation and Interest Rate
Figure 3.8: Trends of Savings and Investments as Percentage of GDP
Figure 3.9: Trends of Consumption Expenditure as Percentage of GDP
Figure 3.10: Trends of International Trade Structure
Figure 3.11: Oman’s Exports by Commodity in 2010
Figure 3.12: Oman’s Exports by Commodity in 2015
Figure 3.13: Oman’s Imports by Commodity in 2010
Figure 3.14: Oman’s Imports by Commodity in 2015
Figure 3.15: Oman’s Exports by Country in 2010
Figure 3.16: Oman’s Exports by Country in 2015
Figure 3.17: Oman’s Imports by Country in 2010
Figure 3.18: Oman’s Imports by Country in 2015
Figure 3.19: Trends of Exports and Imports as Percentage of GDP
Figure 3.20: Trends of FDI in Oman
CHAPTER 4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
Figure 4.1: Trends of Current Account Balance and Percentage of GDP
Figure 4.2: Terms of Trade in Oman
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.5: Trends of Fiscal Balance as Percentage of GDP
Figure 4.6: Trends of Gross Government Debt as Percentage of GDP
Figure 4.7: Trends of Foreign Exchange Reserves and Exchange Rate
CHAPTER 5. OMAN’S SOCIAL ANALYSIS
Figure 5.1: Political Map of Oman
Figure 5.2: Trends of Population and Population Growth Rate
Figure 5.3: Population Age Structure
Figure 5.4: Trends of the Unemployment Rate
CHAPTER 6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
CHAPTER 3. OMAN’S ECONOMIC ANALYSIS
Figure 3.1: Economic Scenario of Major Countries in 2015
Figure 3.2: Trends of the Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: Sectoral Contribution to GDP in 2015
Figure 3.6: Share of Different Sectors as Percentage of GDP in 2015
Figure 3.7: Annual Trends of Inflation and Interest Rate
Figure 3.8: Trends of Savings and Investments as Percentage of GDP
Figure 3.9: Trends of Consumption Expenditure as Percentage of GDP
Figure 3.10: Trends of International Trade Structure
Figure 3.11: Oman’s Exports by Commodity in 2010
Figure 3.12: Oman’s Exports by Commodity in 2015
Figure 3.13: Oman’s Imports by Commodity in 2010
Figure 3.14: Oman’s Imports by Commodity in 2015
Figure 3.15: Oman’s Exports by Country in 2010
Figure 3.16: Oman’s Exports by Country in 2015
Figure 3.17: Oman’s Imports by Country in 2010
Figure 3.18: Oman’s Imports by Country in 2015
Figure 3.19: Trends of Exports and Imports as Percentage of GDP
Figure 3.20: Trends of FDI in Oman
CHAPTER 4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
Figure 4.1: Trends of Current Account Balance and Percentage of GDP
Figure 4.2: Terms of Trade in Oman
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.5: Trends of Fiscal Balance as Percentage of GDP
Figure 4.6: Trends of Gross Government Debt as Percentage of GDP
Figure 4.7: Trends of Foreign Exchange Reserves and Exchange Rate
CHAPTER 5. OMAN’S SOCIAL ANALYSIS
Figure 5.1: Political Map of Oman
Figure 5.2: Trends of Population and Population Growth Rate
Figure 5.3: Population Age Structure
Figure 5.4: Trends of the Unemployment Rate
CHAPTER 6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
LIST OF TABLES
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Factors Affecting Business in Oman
CHAPTER 2. OMAN’S POLITICAL ANALYSIS
Table 2.1: Political Factors and Their Impact on Business
CHAPTER 3. OMAN’S ECONOMIC ANALYSIS
Table 3.1: Factors Affecting Industry Growth
Table 3.2: Economic Factors and Their Impact on Business
CHAPTER 4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
CHAPTER 5. OMAN’S SOCIAL ANALYSIS
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
CHAPTER 6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
Table 6.1: Technological Factors and Their Impact on Business
CHAPTER 7. OMAN’S LEGAL ANALYSIS
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking of Procedures for Starting a Business
Table 7.3: Legal Factors and Their Impact on Business
CHAPTER 8. OMAN’S ENVIRONMENTAL ANALYSIS
Table 8.1: Environmental Factors and Their Impact on Business
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Factors Affecting Business in Oman
CHAPTER 2. OMAN’S POLITICAL ANALYSIS
Table 2.1: Political Factors and Their Impact on Business
CHAPTER 3. OMAN’S ECONOMIC ANALYSIS
Table 3.1: Factors Affecting Industry Growth
Table 3.2: Economic Factors and Their Impact on Business
CHAPTER 4. OMAN’S ECONOMIC AND BUSINESS RISK ANALYSIS
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
CHAPTER 5. OMAN’S SOCIAL ANALYSIS
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
CHAPTER 6. OMAN’S R&D AND TECHNOLOGICAL FACTORS
Table 6.1: Technological Factors and Their Impact on Business
CHAPTER 7. OMAN’S LEGAL ANALYSIS
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking of Procedures for Starting a Business
Table 7.3: Legal Factors and Their Impact on Business
CHAPTER 8. OMAN’S ENVIRONMENTAL ANALYSIS
Table 8.1: Environmental Factors and Their Impact on Business
