IMF Staff Country Reports

As its reform agenda advances under Oman Vision 2040, Oman has demonstrated strong resilience to heightened global uncertainty, renewed geopolitical tensions, and oil price fluctuations in 2025. Nonhydrocarbon economic activities continue expanding, while inflation remains low. Fiscal and external positions remain solid despite lower oil proceeds. Public sector deleveraging continues. With heightened uncertainty and weaker oil prices, the premium on strengthening resilience and accelerating the country’s economic transformation has increased, underscoring the importance of sustaining the reform momentum.