This paper provides information on household spending in Oman during the period from 2004 to 2014. The information was obtained from various sources found online; much data was taken, for instance, from the National Centre for Statistics and Information (n. pag.), and also other sources. The received data was compiled into a table.
Table 1. Household Spending, Oman, 2004-2014. All the prices are given in OMR and rounded to whole numbers. The percents are rounded to the nearest tenths. Some data has been interpolated from the statistics found on the Internet.
During the period in question, Oman has experienced a significant growth of the average household income (Sophia par. 1-3), which allowed the population to increase their spending (“Omani Household Spending Revealed” par. 4), in particular, on cars (Sophia par. 6), restaurants and hotels. It is also evident that Omani started buying accommodations (Sophia par. 4), which means the increase in housing costs, as well as higher furnishing and household equipment spending.
The interpolated data also shows the relative increase in the costs of transport. On the other hand, people started spending relatively less money on food (Muscat Daily par. 2). Clearly, the effect of the increase of the average household income on health expenditures was insignificant; therefore, the household spending on health issues vary from year to year, without apparent dependence on this increase (“Oman – Health Expenditure” n. pag.).
This is further affected by the fact that medical expenditures in Oman are mostly covered by the government (Rogers par. 1). It is also interesting to note that miscellaneous expenditures have decreased gradually, which is possibly due to the housing costs increase in particular.
Works Cited
Muscat Daily. NCSI Survey Shows Omani Households Are Spending Less on Food, More on Lifestyle. 2014. Web.
National Centre for Statistics and Information. Web.
Oman – Health Expenditure. Web.
Omani Household Spending Revealed. 2014. Web.
Rogers, Simon. The health spending map of the world. 2012. Web.
Sophia, Mary. Oman’s Household Income Rises 83.9% in a Decade. 2014. Web.