Oman’s economy is based largely on income from oil production and exports. The other important natural resources are copper, asbestos, marble, limestone, chromium, gypsum and natural gas. Copper mining and smelting, oil refining and cement production are the major industries. The construction industry has been developing as well. Oman has an excellent highway system and modern airports. Agriculture is at subsistence level and represents one of the major sources of employment. Date, lime, banana, wheat and sorghum are the main agricultural products. There are fisheries in the Gulf of Oman and the Arabian Sea. The tourism industry is also developing.
| GDP at Current Market Prices: |
24465.55 million US$ (2004) |
| Per Capita GDP: |
9252.23 US$ (2004) |
| Share of Sectors in GDP: |
1.95% Agriculture, 46.6% Industry, 52.0% Services, (2003) |
| Total Exports: |
12127.44 million US$ (2003) |
| Total Imports: |
- million US$ (2004) |
| Major Exports Items: |
Petroleum, fish, metals and textiles |
| Major Imports Items: |
Machinery and transportation equipment, manufactured goods and foodstuff |
| Major Trading Partners: |
UAE, US, Iran, UK and Japan |
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