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Oman

Headline economic indicators for Oman, with the most recent official readings.

Prices

Prices — Oman
Indicator Value Change
Inflation rate · 1.0% +0.37 (+63.0%)
Consumer price index · 121.3 +1.16 (+1.0%)
GDP deflator inflation · -0.1% +0.62 (+87.0%)

GDP

GDP — Oman
Indicator Value Change
GDP growth rate · 2.4% +0.77 (+47.0%)
GDP per capita · 19,947.4 -337.83 (-1.7%)
GDP per capita, long-run history · 47,989 +1,415 (+3.0%)
GDP · 109,604,780,696.23 +2,467,581,997 (+2.3%)
GDP, PPP · 232,398,923,583 +11,626,493,737 (+5.3%)
GDP per capita, PPP · 42,295 +494.39 (+1.2%)
GDP per capita growth · -1.6% +1.26 (+44.5%)
GNI per capita · 19,520 -430.00 (-2.2%)
Agriculture to GDP · 2.8% +0.21 (+7.9%)
Industry to GDP · 52.7% -1.42 (-2.6%)
Manufacturing to GDP · 9.4% -0.62 (-6.2%)
Services to GDP · 47.2% +1.19 (+2.6%)
Household consumption to GDP · 39.1% +1.36 (+3.6%)
Gross capital formation to GDP · 24.8% -1.81 (-6.8%)
Gross savings to GDP · 27.7% -1.24 (-4.3%)

Labour

Labour — Oman
Indicator Value Change
Unemployment rate · 3.3% +0.05 (+1.5%)
Labour force participation rate · 68.4% +0.09 (+0.1%)
Female labour force participation rate · 30.0% -0.10 (-0.3%)
Youth unemployment rate · 13.9% +0.36 (+2.7%)
Employment to population ratio · 66.2% +0.05 (+0.1%)
Employment in agriculture · 5.9% -0.11 (-1.8%)
Employment in industry · 39.4% -0.07 (-0.2%)
Employment in services · 54.6% +0.17 (+0.3%)

Money

Money — Oman
Indicator Value Change
Real interest rate · -5.9% -24.14 (-132.5%)
Broad money to GDP · 51.7% -1.71 (-3.2%)
Private sector credit to GDP · 63.2% +3.45 (+5.8%)
Lending rate · 5.5% +0.03 (+0.6%)
Bank deposit rate · 4.2% +0.12 (+2.9%)
Stock market capitalization to GDP · 37.7% +7.77 (+26.0%)
Official exchange rate · 0.38 +0.00 (+0.0%)

Trade

Trade — Oman
Indicator Value Change
Current account to GDP · -1.1% -4.66 (-130.6%)
Exports to GDP · 66.1% +4.49 (+7.3%)
Imports to GDP · 48.8% +3.92 (+8.7%)
Trade to GDP · 114.9% +8.41 (+7.9%)
Exports of goods and services · 70,788,296,488.95 +5,401,300,390 (+8.3%)
Imports of goods and services · 52,261,638,491.55 +4,629,128,739 (+9.7%)
Trade balance, goods and services (annual) · 13,042,219,713.24 -5,735,153,066 (-30.5%)
Current account balance (annual) · -1,197,934,648.27 -5,022,988,640 (-131.3%)
Foreign direct investment to GDP · 6.2% -2.55 (-29.3%)
Remittances received to GDP · 0.0% -0.00 (-2.3%)
Total reserves, including gold · 18,286,526,118 +831,895,449 (+4.8%)
Reserves in months of imports · 3.7 -0.07 (-1.9%)

Government

Government — Oman
Indicator Value Change
Government consumption to GDP · 18.7% -0.12 (-0.6%)
Education spending to GDP · 4.4% -2.49 (-36.3%)
Health spending to GDP · 3.5% +0.42 (+13.8%)

Demography

Demography — Oman
Indicator Value Change
Population · 5,494,691 +213,153 (+4.0%)
Population, long-run history · 3,696 +45.09 (+1.2%)
Population growth · 4.0% -0.54 (-12.0%)
Life expectancy · 80.2 +0.21 (+0.3%)
Fertility rate · 2.51 -0.02 (-0.7%)
Birth rate · 16.8 -0.07 (-0.4%)
Death rate · 1.9 +0.00 (+0.2%)
Urban population share · 79.5% +0.03 (+0.0%)
Population aged 65 and over · 2.7% +0.04 (+1.6%)
Under-five mortality rate · 10.3 -0.10 (-1.0%)
Population density · 17.1 +0.75 (+4.6%)
Net migration · 113,734 -40,485 (-26.3%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Oman; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.