Oman household incomes soar

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Oman’s average household income has risen by 83.9 percent in the past 11 years with families now making OMR1,172 ($3,044) per month, according to a new report.

The report, released by the National Centre for Statistics and Information (NCSI), showed the Muscat Governorate recorded the highest average monthly household income of OMR1,459, with average household spending of OMR930 a month, the Times of Oman reported.

The NCSI report said as of mid-2013 there were 278,891 families in the sultanate, with an average 7.5 people per household. This figure was estimated to be increasing by 4,700 families annually.

More than half of the families were living in modern houses, according to the report.

In Muscat, 77 percent lived in modern houses, but this dropped to only 25 percent in the Al Wusta Governorate.

The proportion of home ownership among Omani households rose to 83 percent within the Sultanate, according to the 2010 Census.

Meanwhile, the proportion of car ownership recorded among Omani families rose to 90 percent of all households.

According to the report, the proportion of people getting drinking water from improved sources increased from 75 percent in 2003 to 95 per cent in 2010.

The report highlighted data on personal and housing loans, revealing that the total number of Omanis who had received personal or residential loans from commercial banks in Oman totalled 444,000 citizens.

This figure represented 55.5 percent of the total number of Omani borrowers, according to the 2011 data.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Chris

It would be interesting to know the specifics in regards to what constitutes a 'modern house' for this survey. Regardless, congratulations Oman!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

2
Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Gulf's rift over Qatar may slow investment, reforms

Gulf's rift over Qatar may slow investment, reforms

Analysts suggest dispute may not hurt immediately but could impact...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams