The growth of the real gross domestic product (GDP) in Oman was forecast to increase between 2024 and 2029 by in total 2.6 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 3.59 percent in 2029. As described by the International Monetary Fund, this indicator describes the annual change in the gross domestic product at constant prices. This is expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Jordan, United Arab Emirates, and Kuwait.

The Gross Domestic Product (GDP) in Oman was worth 108.81 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. This dataset provides - Oman GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Oman was forecast to continuously increase between 2024 and 2029 by in total 22.7 billion U.S. dollars (+20.64 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 132.64 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Syria, United Arab Emirates, and Saudi Arabia.

The Gross Domestic Product (GDP) in Oman expanded 1.30 percent in the fourth quarter of 2023 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.

The gross domestic product (GDP) per capita in Oman was forecast to continuously increase between 2024 and 2029 by in total 622.7 U.S. dollars (+3.02 percent). According to this forecast, in 2029, the GDP per capita will have increased for the fourth consecutive year to 21,254.15 U.S. dollars. 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 prices and then divided by the total population. The gross domestic products 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).Find more key insights for the gross domestic product (GDP) per capita in countries like Saudi Arabia, Kuwait, and Iraq.

Oman OM: GDP: Market Price: Linked Series data was reported at 27,931.100 OMR mn in 2017. This records an increase from the previous number of 25,694.000 OMR mn for 2016. Oman OM: GDP: Market Price: Linked Series data is updated yearly, averaging 8,318.200 OMR mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 31,174.000 OMR mn in 2014 and a record low of 3,603.600 OMR mn in 1989. Oman OM: GDP: Market Price: Linked Series 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: Nominal. GDP at purchaser's prices 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

The Gross Domestic Product per capita in Oman was last recorded at 18098.58 US dollars in 2023. The GDP per Capita in Oman is equivalent to 143 percent of the world's average. This dataset provides - Oman GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The share in the global GDP adjusted for PPP in Oman was forecast to continuously increase between 2024 and 2029 by in total 0.01 percentage points. The share is estimated to amount to 0.12 percent in 2029. Depicted here is the share of a country's gross domestic product in the global gross domestic product. As the International Monetary Fund describes, the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more key insights for the share in the global GDP adjusted for PPP in countries like Israel, Kuwait, and Bahrain.

GDP Constant Prices in Oman increased to 38276.30 OMR Million in 2023 from 37781.20 OMR Million in 2022. This dataset provides - Oman GDP Current Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) in Oman was forecast to continuously decrease between 2024 and 2029 by in total five percentage points. After the ninth consecutive decreasing year, the ratio is estimated to reach 29.05 percent and therefore a new minimum in 2029. The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Saudi Arabia, Lebanon, and Yemen.

The ratio of government expenditure to GDP in Oman was forecast to continuously decrease between 2024 and 2029 by in total 3.8 percentage points. After the fifth consecutive decreasing year, the ratio is estimated to reach 23.24 percent and therefore a new minimum in 2029. Depicted here is the general government expenditure as a share of the national gross domestic product. According to the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.Find more key insights for the ratio of government expenditure to GDP in countries like Yemen, Jordan, and Israel.

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 recorded a Current Account surplus of 5 percent of the country's Gross Domestic Product in 2023. This dataset provides - Oman Current Account to 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.

GDP from Public Administration in Oman increased to 3891 OMR Million in 2023 from 3611.80 OMR Million in 2022. This dataset provides - Oman Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the GDP in Oman was forecast to decrease between 2024 and 2029 by in total 1.5 percentage points. This overall decrease does not happen continuously, notably not in 2026, 2027 and 2028. While the budget balance was increasing earlier, it deteriorated and the budget balance was forecast to reach 3.48 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Yemen, Iran, and Syria.

GDP from Construction in Oman increased to 2774.80 OMR Million in 2023 from 2771.40 OMR Million in 2022. This dataset provides - Oman Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman OM: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at -4.822 % in 2017. This records a decrease from the previous number of 0.027 % for 2016. Oman OM: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 1.553 % from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 76.675 % in 1968 and a record low of -17.504 % in 1973. Oman OM: GDP: Growth:(GDP) Gross Domestic Productper Capita 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 per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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;

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 6.4 percent.

Oman GDP: Gross Output: Building and Construction data was reported at 5,670.639 OMR mn in 2017. This records a decrease from the previous number of 6,143.411 OMR mn for 2016. Oman GDP: Gross Output: Building and Construction data is updated yearly, averaging 848.951 OMR mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 6,143.411 OMR mn in 2016 and a record low of 244.600 OMR mn in 1990. Oman GDP: Gross Output: Building and Construction data remains active status in CEIC and is reported by National Center for Statistics and Information. The data is categorized under Global Database’s Oman – Table OM.A010: GDP: by Industry: Gross Output: Current Price.