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Oman GDP Annual Growth Rate

Oman's GDP annual growth rate rose to 1.67% in 2024, up from 1.19% in 2023, according to World Bank. This represents an increase of 0.48% from the previous year. Oman has GDP annual growth rate lower than the global median (1.67% vs median 3.24%). Compared with the median in Asia, Oman is lower (1.67% vs regional median 3.76%) and ranks 36th out of 47 countries in Asia.

Oman's real GDP rose to $91.45 billion in 2024, up from $89.95 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.67%
2023 1.19%
2022 7.99%
2021 2.58%
2020 -3.38%
2019 -1.13%
2018 1.29%
2017 0.3%
2016 5.05%
2015 5.02%
2014 1.29%
2013 5.23%
2012 8.86%
2011 2.89%
2010 2.47%
2009 5.98%
2008 8.95%
2007 4.98%
2006 4.67%
2005 2.78%
2004 1.99%
2003 -2.19%
2002 -0.78%
2001 4.61%
2000 6.19%
1999 0.3%
1998 -0.07%
1997 6.03%
1996 3.05%
1995 5%
1994 3.88%
1993 6.04%
1992 8.41%
1991 6.07%
1990 -0.13%
1989 11.76%
1988 5.96%
1987 -3.44%
1986 2%
1985 14.01%
1984 16.71%
1983 16.67%
1982 11.57%
1981 17.05%
1980 6.04%
1979 4.33%
1978 -3.69%
1977 1.01%
1976 20.54%
1975 24.43%
1974 11.5%
1973 -14.25%
1972 9.83%
1971 0.9%
1970 13.9%
1969 25.67%
1968 81.89%
1967 66.22%
1966 5.2%
1965 0.45%
1964 0.07%
1963 4.53%
1962 20.19%
1961 1.14%
Oman GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Oman's total economic output.
Indicator Last Value Prior Value Period
GDP $106.94B $105.9B 2024
GDP Growth Rate (YoY) 1.6% 1.2% Dec'24
GDP per Capita $17,315.71 $17,814.02 2024
GDP per Capita PPP $36,654.23 $37,709.07 2024
R&D Expenditure (% GDP) 0.37% 0.28% 2023
Real GDP $91.45B $89.95B 2024