The Gross Domestic Product (GDP) in Oman was worth 79.50 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Oman represents 0.07 percent of the world economy.

GDP in Oman averaged 21.44 USD Billion from 1960 until 2019, reaching an all time high of 81.08 USD Billion in 2014 and a record low of 0.04 USD Billion in 1960. This page provides - Oman GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman GDP - values, historical data and charts - was last updated on June of 2020. source: World Bank

GDP in Oman is expected to reach 67.76 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman GDP is projected to trend around 63.35 USD Billion in 2021 and 58.60 USD Billion in 2022, according to our econometric models.

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Oman GDP

Actual Previous Highest Lowest Dates Unit Frequency
79.50 79.29 81.08 0.04 1960 - 2019 USD Billion Yearly
Current USD

Oman GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.20 -0.90 13.10 -0.90 percent [+]
GDP 79.50 79.29 81.08 0.04 USD Billion [+]
GDP Constant Prices 29333.50 28481.60 29333.50 2185.00 OMR Million [+]
Gross Fixed Capital Formation 7418.40 7847.70 8517.30 1681.10 OMR Million [+]
GDP per capita 15663.90 15875.60 19454.20 713.70 USD [+]
GDP per capita PPP 36830.90 37328.60 45743.20 35042.10 USD [+]
Gross National Product 28452.30 26098.30 29525.80 2098.00 OMR Million [+]
GDP From Agriculture 670.20 627.00 670.20 168.20 OMR Million [+]
GDP From Construction 1986.10 2114.90 2285.10 159.00 OMR Million [+]
GDP From Manufacturing 3011.00 2778.70 3279.50 252.00 OMR Million [+]
GDP From Mining 171.00 147.40 171.00 19.10 OMR Million [+]
GDP From Public Administration 3575.80 3528.70 3708.10 646.40 OMR Million [+]
GDP From Services 14437.50 14038.70 14437.50 2825.80 OMR Million [+]
GDP From Transport 1649.20 1623.70 1649.20 325.10 OMR Million [+]
GDP From Utilities 567.00 540.90 567.00 67.70 OMR Million [+]


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.
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