Oman Set For Third Consecutive Yearly Current Account Surplus In 2024
Country Risk / Oman / Fri 22 Dec, 2023
Key View
- We forecast that favourable oil and gas prices will help Oman's current account surplus to widen from 0.2% of GDP in 2023 to 0.4% of GDP in 2024. This would be the third consecutive year of surplus after several years of deficits.
- Hydrocarbon exports will grow by 2.3% in 2024, driven by an increase in energy prices, while non