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Oman
 Oman
is located on the eastern edge of the Arabian Peninsula, Oman
occupies a strategic position at the entrance to the Persian
Gulf.
Long ruled by a sultanate, in 1774, it established a useful,
long term relationship with Britain that lasted until it ceased
to be a protectorate in 1951.
Shortly after Qaboos bin Said Al Said replaced his father
(in 1970) and took control of the country, this ancient land
gained its complete independence.
Among needed changes, the new sultan's priorities were social
changes, as well as the modernization of the infrastructure
and the improvement of its established oil industry.
Economy
Oman is a middle-income economy in the Middle East with notable
oil and gas resources, a substantial trade surplus, and low
inflation. Work on a new liquefied natural gas (LNG) facility
progressed in 2005 and will contribute to slightly higher oil
and gas exports in 2006. Oman continues to liberalize its markets
and joined the World Trade Organization (WTO) in November 2000.
To reduce unemployment and limit dependence on foreign labor,
the government is encouraging the replacement of foreign expatriate
workers with local workers, i.e., Omanization. Training in information
technology, business management, and English support this objective.
Industrial development plans focus on gas resources, metal manufacturing,
petrochemicals, and international transshipment ports. In 2005
Oman signed agreements with several foreign investors to boost
oil reserves, build and operate a power plant, and develop a
second mobile phone network in the country.
| Population |
3,001,583 |
| Age structure |
0-14 years: 42.6% (male 652,028/female
626,698)
15-64 years: 54.9% (male 978,183/female 668,814)
65 years and over: 2.5% (male 41,366/female 34,494) (2005
est.)
|
| Median age |
total: 19.13 years
male: 21.88 years
female: 16.45 years (2005 est.) |
| Population growth rate |
3.32% (2005 est.) |
| Birth rate |
36.73 births/1,000 population
(2005 est.) |
| Net migration rate |
0.31 migrant(s)/1,000 population
(2005 est.) |
| GDP (purchasing power parity) |
$40.14 billion (2005 est.)
|
| GDP (official exchange rate) |
$26.05 billion (2005 est.)
|
| GDP - real growth rate |
1.9% (2005 est.) |
| Investment (gross fixed) |
17% of GDP (2005 est.) |
|
