Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
114.67 BUSD on Dec 31, 2022
Lowest
40.00 MUSD on Dec 31, 1960
About Oman GDP
Oman is one of the world´s biggest oil producing countries and oil and natural gas extraction account for 51 percent of GDP. The services sector represents 37 percent of the wealth. Within services the largest segments are: wholesale and retail trade (8 percent of GDP); public administration and defense (7 percent) and transport, storage and communication (6.8 percent). Manufacturing and mining contribute for 6 percent of GDP, construction and electricity and water distribution for 5 percent and agriculture for the remaining 1 percent.
Related indicators
Frequently Asked Questions
One of the ways to count Oman GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Oman GDP was 108.19 B USD, and the previous year it amounted to 114.67 B USD.
Oman GDP accounts for 0.1% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 Oman GDP per capita was 18.82 K USD, and in 2022 it amounted to 18.86 K USD.
In 2022 Oman real GDP amounted to 43.04 B OMR, the year before that it was 34.65 B OMR.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Oman GDP has ever reached is 114.67 B USD.
The lowest ever value Oman GDP has reached is 40 M USD.