The Central Bank of Oman published the International Monetary Fund mission’s concluding statement following preliminary meetings with Omani authorities for the 2026 Article IV consultations. The statement said Oman’s economy continued to expand, with real gross domestic product growth rising to 2.4% in 2025 from 1.6% in 2024, and projected growth to accelerate to 3.7% in 2026, driven by higher oil production and continued momentum in non-hydrocarbon activity. Inflation was described as contained despite higher food and transportation prices linked to recent global developments. The IMF also projected further improvement in Oman’s fiscal and external positions, with fiscal and current account surpluses of about 4.5% and 3.0% of gross domestic product respectively, supported by higher oil revenues, a prudent fiscal stance and strong non-oil exports. Public debt is expected to continue declining as a share of gross domestic product. The banking sector was assessed as robust, well capitalized, highly liquid and profitable, with strong asset quality, while the Fund noted that regional geopolitical uncertainty could weigh on the outlook and said continued fiscal and structural reforms remain important for sustainability, diversification and competitiveness.
Central Bank of Oman2026-06-16
Central Bank of Oman publishes IMF Article IV mission statement projecting 3.7 percent growth in 2026
The Central Bank of Oman published the IMF mission’s concluding statement for the 2026 Article IV consultations, which projected real gross domestic product growth of 3.7% in 2026 after 2.4% in 2025. The IMF also forecast fiscal and current account surpluses, lower public debt as a share of gross domestic product, and described the banking sector as robust, while warning that regional uncertainty could pose risks to the outlook.