The International Monetary Fund (IMF) is predicting that Oman’s economy will grow by 3.5 % in 2026.

Despite a downward revision of 0.5% for Oman’s economic growth in 2026 due to global market volatility, growth remains supported by stable non oil activities and continued implementation of fiscal reforms.

Overall, the IMF World Outlook for April 2026 says that the global economy continues to face persistent challenges, but there are positive indicators for Oman, reflecting the resilience of its economy and its ability to achieve sustainable growth.

The IMF revises its estimate for global growth down to 3.1 % in 2026, compared with 3.4% in 2025, with a slight improvement expected to 3.2% in 2027. This reflects rising geopolitical tensions, ongoing trade disputes, and pressures linked to high global debt levels and fiscal deficits.

The report also points to a projected increase in global inflation to 4.4% in 2026, up from 4.1% in 2025, before easing to 3.7% in 2027. This trend is driven by energy price pressures and continued supply chain challenges.

Inflation in Oman is projected to remain low at around 1.7% in 2026, reflecting price stability and the effectiveness of economic policies.

Oman’s financial indicators are also expected to improve going forwards, with public debt predicted to decline to around 33% of GDP. The current account is projected to record a surplus of 7.5%, supported by strong exports and sustained foreign liquidity inflows.

These indicators reflect the continued ability of Oman’s economy to adapt to global changes, supported by a package of economic and fiscal reforms that enhance growth sustainability and maintain economic stability over the medium term.