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Oman real GDPOman real GDPOman real GDP

Oman real GDP

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OMGDPCP chart


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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

Related indicators


OMGDP
GDP
OMGDPA
GDP From Agriculture
OMGDPC
GDP From Construction
OMGDPMAN
GDP From Manufacturing
OMGDPMIN
GDP From Mining
OMGDPPA
GDP From Public Administration
OMGDPPC
GDP Per Capita
OMGDPPCP
GDP Per Capita PPP
OMGDPS
GDP From Services
OMGDPT
GDP From Transport
OMGDPU
GDP From Utilities
OMGDPYY
GDP Growth
OMGFCF
Gross Fixed Capital Formation
OMGNP
Gross National Product

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 previous year it amounted to 37.78 B OMR.