Key data points
Last release
—
Observation period
2022
Next release
—
Forecast
—
Highest
43.04 BOMR on Dec 31, 2022
Lowest
2.19 BOMR on Dec 31, 1980
About Oman real GDP
Related indicators
Frequently Asked Questions
Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
In 2022 Oman real GDP was 43.042 B OMR, and the previous year it amounted to 34.651 B OMR.