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Oman real GDPOman real GDPOman real GDP

Oman real GDP

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OMGDPCP chart



Key data points


Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
‪38.28 B‬ OMR on Dec 31, 2023
Lowest
‪2.19 B‬ OMR on Dec 31, 1980

About Oman real GDP


Category
GDP
Source
Ministry of National Economy
Frequency
Annual
Units
OMR

Oman in figures — see more economic indicators tied to OMGDPCP.
GDP
OMGDP
GDP From Agriculture
OMGDPA
GDP From Construction
OMGDPC
Real GDP
OMGDPCP
GDP From Manufacturing
OMGDPMAN
GDP From Mining
OMGDPMIN
GDP From Public Administration
OMGDPPA
GDP Per Capita
OMGDPPC
GDP Per Capita PPP
OMGDPPCP
GDP From Services
OMGDPS
GDP From Transport
OMGDPT
GDP From Utilities
OMGDPU
GDP Growth
OMGDPYY
Gross Fixed Capital Formation
OMGFCF
Gross National Product
OMGNP

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
In 2023 Oman real GDP was 38.28 B OMR, and the year before it reached 37.78 B OMR.