Oman GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Oman contracted 0.90 percent in 2017 from the previous year. GDP Annual Growth Rate in Oman averaged 5.12 percent from 2000 until 2017, reaching an all time high of 13.10 percent in 2008 and a record low of -0.90 percent in 2017.

GDP Annual Growth Rate in Oman is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

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Oman GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	-0.90	5.00	13.10	-0.90	percent	[+]
GDP	79.29	70.78	81.08	0.04	USD Billion	[+]
GDP Constant Prices	28481.60	28748.50	28748.50	2185.00	OMR Million	[+]
Gross Fixed Capital Formation	7847.70	8166.40	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	26098.30	24602.00	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's economy relies heavily on oil production. The petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. However, as oil reserved have been shrinking in recent years the government has embarked on a process of economic diversification focused on development of tourism and gas based industries. This page provides the latest reported value for - Oman GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Oman GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-0.90	5.00	13.10	-0.90	2000 - 2017	percent	Yearly	2000=100

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%