Rank and Economy

The rank of Oman from the poorest is 141 and from the richest is 59 whose gdp per capita in 2003 using atlas method is 7,830 $. In other methods IMF,WB, and CIA using nominal methods in 2007, 2007 and 2008,
rank/measure........................................rank/measure.....................................rank/measure
40/15,714........................................ .....-/na.................................................48/12,492

Oman’s economic freedom score is 68.1, making its economy the 45th freest in the 2013 Index. Its score is 0.2 point higher than last year, with significant declines in trade freedom, freedom from corruption, and labor freedom mitigated by a major improvement in the control of government spending. Oman is ranked 5th out of 15 countries in the Middle East/North Africa region, and its overall score is above the world and regional averages.

Oman is a small, open economy in which the energy sector has been the most important engine of growth. With competitively low tax rates in place, foreign investment is generally welcome in many sectors. Recognizing the importance of developing a more dynamic entrepreneurial environment, Oman has pursued regulatory reforms and modernization of the economy.

Despite some progress, Oman’s transition to greater openness and flexibility has been sluggish and largely uneven. Overall economic freedom remains constrained by state involvement in the private sector and public enterprises. The lack of market competition has inflated price levels, and reliance on the state-owned oil sector has left the economy vulnerable to external shocks. The rule of law has been relatively well maintained, but the judiciary remains vulnerable to political interference.