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Oman Debt to GDP Ratio

Oman's government debt to GDP fell to 35.25% in 2024, the lowest since 2016. This decrease resulted from higher hydrocarbon revenues with oil prices averaging $82 per barrel. The government used these revenues to repay debt and replace costly loans. Oman recorded a fiscal surplus in 2024. Oman's record low government debt to gdp was 13.1% in 2015 and record high was 64.3% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 35.2%
2023 36.5%
2022 40.9%
2021 61%
2020 64.3%
2019 51.9%
2018 44%
2017 39.2%
2016 29.2%
2015 13.1%
Oman Debt to GDP Ratio : Definition
Oman's government debt to GDP measures the total debt owed by the Omani government relative to the country's total economic output. It is calculated by dividing Oman's total outstanding government debt by its nominal Gross Domestic Product GDP. The ratio indicates the nation's capacity to repay its debts expressed as a percentage.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 3.7% 2.4% Dec'24
Interest Rate 4.75% 5% Sep'25
Private Credit (% GDP) 59.91% 55.79% 2023