The Gross Domestic Product (GDP) in Oman contracted 0.80 percent in 2019 from the previous year.
GDP Annual Growth Rate in Oman averaged 3.13 percent from 1999 until 2019, reaching an all time high of 9.10 percent in 2012 and a record low of -2.70 percent in 2003. 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 - values, historical data and charts - was last updated on October of 2020.
GDP Annual Growth Rate in Oman is expected to reach -3.50 percent by the end of 2020, 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 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.