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S&P Global Ratings Raises Oman's GDP Forecast to 3.5% for 2026

1 report, 1 independent Updated Sun 00:00
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What happened

Some supportReported by 1 outlet

S&P Global Ratings raised its forecast for Oman's real GDP growth in 2026 to 3.5%, up from 1.6%. The agency also affirmed Oman’s ‘BBB-’ long-term and ‘A-3’ short-term sovereign ratings with a stable outlook. This growth is supported by stronger energy prices, increased trade and logistics activity, and higher oil production.

From muscatdaily.com

Why it matters

Some supportBrind's analysis of the reports

The upgrade reflects Oman's strengthened economic position, which is supported by its ability to export hydrocarbons through ports with direct Arabian Sea access, avoiding reliance on the Strait of Hormuz. The agency expects average daily oil production to reach 1.1 million barrels per day in 2026.

From muscatdaily.com

Who's involved

  • S&P Global RatingsCredit rating agency that raised the GDP growth forecast and affirmed sovereign ratings
  • OmanSovereign state whose economic outlook was upgraded
  • Petroleum Development OmanOmani state-owned oil and gas company benefiting from increased oil production targets
  • MuscatOfficial administrative and political capital city of Oman

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