The Gross Domestic Product (GDP) in Oman expanded 1.60 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Oman GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the growth of the real gross domestic product (GDP) in Oman amounted to about 1.67 percent. Between 1980 and 2024, the figure dropped by approximately 4.41 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 2.15 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in Oman was worth 106.94 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Oman represents 0.10 percent of the world economy. This dataset provides - Oman GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Oman (OMNNGDPORPCHPT) from 2000 to 2025 about Oman, REO, oil, real, GDP, and rate.

Key information about Oman Real GDP Growth

• 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.
• Real GDP Growth YoY data in Oman is updated yearly, available from Dec 1999 to Dec 2021, with an average rate of 2.9 %.
• The data reached an all-time high of 9.0 % in Dec 2008 and a record low of -3.4 % in Dec 2020.

CEIC calculates annual Real GDP Growth from annual Real GDP. The National Centre for Statistics and Information provides Real GDP in local currency, at 2018 prices.


Related information about Oman Real GDP Growth

• In the latest reports, Nominal GDP of Oman reached 30.3 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 12.7 % in Dec 2021.
• GDP Per Capita in Oman reached 19,479.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 18.8 % in Dec 2021.
• For Nominal GDP contributions, Investment accounted for 22.4 % in Dec 2021.
• Public Consumption accounted for 22.1 % in Dec 2021.
• Private Consumption accounted for 44.3 % in Dec 2021.

Historical chart and dataset showing Oman economic growth by year from 1960 to 2023.

Oman OM: GDP: Growth: Gross Value Added: Agriculture data was reported at 4.328 % in 2015. This records an increase from the previous number of 1.787 % for 2014. Oman OM: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.588 % from Dec 2011 (Median) to 2015, with 5 observations. The data reached an all-time high of 14.551 % in 2013 and a record low of -0.488 % in 2011. Oman OM: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The real gross domestic product growth in Oman in 2020 following the COVID-19 pandemic was minus *** percent with an expected growth of *** percent in 2022. Among the Middle East and North Africa (MENA) region, Oman had the highest expected real GDP growth rate in 2022.

Key information about Oman Nominal GDP Growth

• Oman Nominal GDP Growth was reported at 3.409 % in Sep 2024.
• This records a decrease from the previous number of 3.804 % for Jun 2024.
• Oman Nominal GDP Growth data is updated quarterly, averaging 6.717 % from Mar 2006 to Sep 2024, with 75 observations.
• The data reached an all-time high of 59.321 % in Sep 2008 and a record low of -30.526 % in Jun 2009.
• Oman Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The National Centre for Statistics and Information provides year-to-date Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2011 is calculated from Nominal GDP based on SNA 1993.

Oman: Economic growth: the rate of change of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Oman from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

The forecasted gross domestic product growth in Oman for 2021 was ***** percent, compared to minus *** percent in 2020 following the COVID-19 pandemic. Amongst the *** leading oil producing Arab countries in 2019, Oman was the ***** strongest economy, despite the slowed down GDP growth trend.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Oman was reported at 4 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Oman OM: GDP: Growth data was reported at -0.273 % in 2017. This records a decrease from the previous number of 5.384 % for 2016. Oman OM: GDP: Growth data is updated yearly, averaging 5.288 % from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 81.888 % in 1968 and a record low of -14.252 % in 1973. Oman OM: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Oman OM: GDP: Growth: Gross Value Added: Services data was reported at 1.529 % in 2015. This records a decrease from the previous number of 7.178 % for 2014. Oman OM: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 7.178 % from Dec 2011 (Median) to 2015, with 5 observations. The data reached an all-time high of 8.167 % in 2013 and a record low of 1.529 % in 2015. Oman OM: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The gross domestic product (GDP) growth in Oman in 2022 was forecasted to be 7.4 percent. In 2020 following the COVID-19 pandemic, the country's GDP was expected to fall by *** percent.

As of the first quarter of 2024, the real year-on-year non-oil gross domestic product (GDP) growth in Oman was 3.8 percent. Comparatively, the non-oil economy in the country grew by 1.8 percent in the previous year.

GDP per capita growth (annual %) in Oman was reported at --2.7973 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The gross domestic product (GDP) per capita in Oman was estimated at 20,060 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 14,700 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 620 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Graph and download economic data for Gross Domestic Product for Oman (MKTGDPOMA646NWDB) from 1960 to 2024 about Oman and GDP.

Oman: Economic growth: the rate of change of real GDP: Dünya Bankası göstergesi için Oman hakkında 1961 - 2023 arası bilgi. Oman için bu döneme ait ortalama değer yüzde 7.77 percent con un mínimo de -14.25 percent en 1973 y un máximo de 81.89 percent en 1968.