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The risk of unrest is driven by both by elevated socioeconomic pressures relative to Oman's Gulf peers, and the possible imposition of economic austerity measures. We expect politically painful fiscal reforms to be delayed until at least 2026, supported by dwindling fiscal surpluses.
Oman's economy in numbers: Nominal GDP of USD 111.8 billion in 2022. GDP per capita of USD 22,658 compared to the global average of USD 10,589. Average real GDP growth of 3.2% over the last decade. Share of the region's population.
GDP (current US$) - Oman. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. LineBarMap. Also Show Share Details.
The Gross Domestic Product (GDP) in Oman was worth 108.19 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Oman represents 0.10 percent of the world economy.
Oman economic growth for 2022 was $114.67B, a 30.02% increase from 2021. Oman economic growth for 2021 was $88.19B, a 16.18% increase from 2020. Oman economic growth for 2020 was $75.91B, a 13.8% decline from 2019. Download Historical Data.
Oman Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
What was Oman's Real GDP Growth in 2021? The Gross Domestic Product (GDP) in Oman expanded 3.1 % YoY in Dec 2021, following a negative growth of 3.4 % in the previous year. See the table below for more data.
