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Oman GDP

Oman's GDP rose to $106.94 billion in 2024, up from $105.9 billion in 2023, according to World Bank. This represents an increase of 1% ($1.05 billion) from the previous year and accounts for 0.1% of the world's total GDP. Oman has GDP higher than the global median ($106.94 billion vs median $35.85 billion). Compared with the median in Asia, Oman is higher ($106.94 billion vs regional median $98.96 billion) and ranks 23rd out of 47 countries in Asia.

Oman's GDP per capita fell to $17,315.71 in 2024, down from $17,814.02 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 106.94
2023 105.9
2022 109.85
2021 87.32
2020 75.91
2019 88.06
2018 91.51
2017 80.86
2016 75.13
2015 78.71
2014 92.7
2013 89.94
2012 87.41
2011 77.5
2010 64.99
2009 55.45
2008 69.8
2007 48.3
2006 42.58
2005 35.51
2004 28.38
2003 24.73
2002 23.07
2001 22.21
2000 22.26
1999 17.83
1998 16.04
1997 18.04
1996 17.4
1995 15.72
1994 14.72
1993 14.23
1992 14.18
1991 12.92
1990 13.31
1989 9.37
1988 8.39
1987 7.81
1986 7.32
1985 10.01
1984 8.82
1983 7.93
1982 7.55
1981 7.26
1980 5.98
1979 3.73
1978 2.74
1977 2.74
1976 2.56
1975 2.1
1974 1.65
1973 0.48
1972 0.37
1971 0.3
1970 0.26
1969 0.24
1968 0.19
1967 0.11
1966 0.07
1965 0.06
1964 0.06
1963 0.06
1962 0.06
1961 0.05
1960 0.04
Oman GDP : Definition
GDP measures the total value of all goods and services produced in Oman, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.67% 1.19% 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