The Gross Domestic Product (GDP) in Oman was worth 76.98 billion US dollars in 2019, according to official data from the World Bank. The GDP value of Oman represents 0.06 percent of the world economy. source: World Bank

GDP in Oman averaged 21.36 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 October of 2020.

GDP in Oman is expected to reach 70.00 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 72.00 USD Billion in 2021 and 75.00 USD Billion in 2022, according to our econometric models.

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Oman GDP

Actual Previous Highest Lowest Dates Unit Frequency
76.98 79.28 81.08 0.04 1960 - 2019 USD Billion Yearly
Current USD

Oman GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.80 0.90 9.10 -2.70 percent [+]
GDP 76.98 79.28 81.08 0.04 USD Billion [+]
GDP Constant Prices 28850.10 29090.20 29090.20 2185.00 OMR Million [+]
Gross Fixed Capital Formation 7110.90 7418.40 8517.30 1681.10 OMR Million [+]
GDP per capita 14992.60 15367.50 18925.60 713.70 USD [+]
GDP per capita PPP 27896.30 28593.80 35214.30 26976.40 USD [+]
Gross National Product 26987.80 28452.30 29525.80 2098.00 OMR Million [+]
GDP From Agriculture 690.60 670.20 690.60 168.20 OMR Million [+]
GDP From Construction 1854.60 1986.10 2285.10 159.00 OMR Million [+]
GDP From Manufacturing 3071.80 3011.00 3279.50 252.00 OMR Million [+]
GDP From Mining 125.50 171.00 171.00 19.10 OMR Million [+]
GDP From Public Administration 3574.70 3575.80 3708.10 646.40 OMR Million [+]
GDP From Services 14128.00 14437.50 14437.50 2825.80 OMR Million [+]
GDP From Transport 1721.20 1649.20 1721.20 325.10 OMR Million [+]
GDP From Utilities 620.30 567.00 620.30 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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