Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
111.94 B USD on Dec 31, 2022
Lowest
40.00 M USD on Dec 31, 1960
About 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.
Related indicators
Frequently Asked Questions
One of the ways to count Oman GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Oman GDP was 108.81 B USD, and the year before it reached 111.94 B USD.
Oman GDP accounts for 0.1% of the world GDP.
In 2023 Oman GDP per capita was 18.10 K USD, and in 2022 it reached 19.07 K USD. GDP per capita is gross domestic product divided by a country's population.
In 2023 Oman real GDP was 38.28 B OMR, the year before it reached 37.78 B OMR.
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.
The highest figure Oman GDP has ever reached is 111.94 B USD.
The lowest ever value Oman GDP has reached is 40 M USD.