Oman Real GDP Growth
1999 - 2021 | Yearly | % | CEIC Data
Key information about Oman Real GDP Growth
- The Gross Domestic Product (GDP) in Oman expanded 3.1 % YoY in Dec 2021, following a negative growth of 3.4 % in the previous year.
- Real GDP Growth YoY data in Oman is updated yearly, available from Dec 1999 to Dec 2021, with an average rate of 2.9 %.
- The data reached an all-time high of 9.0 % in Dec 2008 and a record low of -3.4 % in Dec 2020.
Related information about Oman Real GDP Growth
- In the latest reports, Nominal GDP of Oman reached 30.3 USD bn in Sep 2022.
- Its GDP deflator (implicit price deflator) increased 12.7 % in Dec 2021.
- GDP Per Capita in Oman reached 19,479.4 USD in Dec 2021.
- Its Gross Savings Rate was measured at 18.8 % in Dec 2021.
- For Nominal GDP contributions, Investment accounted for 22.4 % in Dec 2021.
- Public Consumption accounted for 22.1 % in Dec 2021.
- Private Consumption accounted for 44.3 % in Dec 2021.
View Oman's Real GDP Growth from 1999 to 2021 in the chart:
What was Oman's Real GDP Growth in 2021?
The Gross Domestic Product (GDP) in Oman expanded 3.1 % YoY in Dec 2021, following a negative growth of 3.4 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.1 2021 | -3.4 2020 | -3.4 2020 | 9.0 2008 | % | yearly | 1999 - 2021 |
Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Algeria (%) | 3.8 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
| Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
| Azerbaijan (%) | 4.6 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Bahrain (%) | 1.3 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
| Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
| Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
| Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
| Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
| Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Ghana (%) | 1.6 Jun 2024 | quarterly | Jun 2006 - Jun 2024 |
| Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
| Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
| Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
| Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
| Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Kosovo (%) | 4.3 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Kuwait (%) | -1.6 Jun 2024 | quarterly | Jun 2010 - Jun 2024 |
| Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
| Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
| Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Montenegro (%) | 2.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 0.8 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
| Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
| Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
| Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
| Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
| Palestinian Territory (%) | 4.8 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | -0.0 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Slovenia (%) | 0.8 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doOman Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 2.3 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
| Consolidated Fiscal Balance (USD mn) | 122.237 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Tax Revenue (USD mn) | 4,872.086 2023 | yearly | 1996 - 2023 |
| Tax Revenue: % of GDP (%) | 4.5 2023 | yearly | 1996 - 2023 |
| National Government Debt (USD mn) | 39,697.0 2023 | yearly | 1990 - 2023 |
| Government Debt: % of GDP (%) | 36.5 2023 | yearly | 1990 - 2023 |
| Forecast: Government Expenditure (OMR bn) | 11.499 2028 | yearly | 1990 - 2028 |
| Forecast: Government Net Debt (OMR bn) | 13.559 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (OMR bn) | 12.441 2028 | yearly | 1990 - 2028 |
| Government Revenue: Corporate Income Tax (OMR mn) | 218.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Government Expenditure: Current (OMR mn) | 626.000 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Government Financing (OMR mn) | -4.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Government Expenditure: Investment (OMR mn) | 82.000 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Government Surplus or Deficit: Fiscal (OMR mn) | 47.000 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Government Expenditure (OMR mn) | 906.000 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Government Surplus or Deficit: Remaining (OMR mn) | 22.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Government Revenue (OMR mn) | 953.000 Aug 2024 | monthly | Jun 2003 - Aug 2024 |
| Government Revenue: Current (OMR mn) | 421.000 Aug 2024 | monthly | Mar 2012 - Aug 2024 |
| Government Revenue: Non Oil (OMR mn) | 3,524.767 2023 | yearly | 1990 - 2023 |
| Government Debt (OMR mn) | 15,263.500 2023 | yearly | 2001 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.354 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 1,680.0 Jul 2024 | monthly | Jan 1975 - Jul 2024 |
| Total Exports (USD mn) | 5,331.4 Jul 2024 | monthly | Mar 2003 - Jul 2024 |
| Total Exports Growth (%) | 12.8 Jul 2024 | monthly | Mar 2004 - Jul 2024 |
| Aluminum: Exports (USD th) | 1,550,708.427 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 155,305.875 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 4,561.969 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 3,651.4 Jul 2024 | monthly | Jan 1975 - Jul 2024 |
| Total Imports Growth (%) | 0.7 Mar 2023 | monthly | Jan 1976 - Mar 2023 |
| Imports: Medicament (USD th) | 394,025.071 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 155,778.457 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 131.204 Jun 2024 | monthly | Oct 1986 - Jun 2024 |
| Total Imports from USA (USD mn) | 89.092 Jun 2024 | monthly | Jan 1981 - Jun 2024 |
| Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
| Total Imports from China (USD mn) | 410.923 Jul 2024 | monthly | Jun 1984 - Jul 2024 |
| Exports: Oil and Gas (OMR mn) | 1,340.263 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Oil and Gas: Crude Oil (OMR mn) | 828.148 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
| Exports: Non Oil: Chemical Products (OMR mn) | 86.856 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) | 191.812 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports (OMR mn) | 2,049.920 Jul 2024 | monthly | Jan 1974 - Jul 2024 |
| Exports: Non Oil: Mineral Products (OMR mn) | 210.080 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Non Oil: India (OMR mn) | 69.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Re-Exports (OMR mn) | 133.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Non Oil (OMR mn) | 576.906 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Non Oil: Saudi Arabia (OMR mn) | 65.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Exports: Non Oil: United Arab Emirates (OMR mn) | 101.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) | 254.396 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: Chemical Products (OMR mn) | 129.428 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: Transport Equipment (OMR mn) | 115.846 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: Mineral Products (OMR mn) | 407.703 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: United Arab Emirates (OMR mn) | 359.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Imports: India (OMR mn) | 143.000 Jul 2024 | monthly | Feb 2006 - Jul 2024 |
| Imports: Saudi Arabia (OMR mn) | 107.000 Jul 2024 | monthly | Jan 2011 - Jul 2024 |
| Imports (OMR mn) | 1,403.950 Jul 2024 | monthly | Jan 1975 - Jul 2024 |
| Exports: Crude Oil: India (Barrel th) | 0.000 Aug 2024 | monthly | Nov 2010 - Aug 2024 |
| Exports: Crude Oil (Barrel th) | 26,446.200 Aug 2024 | monthly | Feb 2006 - Aug 2024 |
| Exports: Crude Oil: Japan (Barrel th) | 500.000 Aug 2024 | monthly | Feb 2006 - Aug 2024 |
| Exports: Crude Oil: China (Barrel th) | 24,387.800 Aug 2024 | monthly | Feb 2006 - Aug 2024 |
| Import Volume Index (2015=100) | 84.478 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 139.667 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 113.944 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.5 Jun 2024 | quarterly | Jun 2008 - Jun 2024 |
| Non-Performing Loans (USD mn) | 515.735 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 16,972.432 Jul 2024 | monthly | Jan 1999 - Jul 2024 |
| Money Supply M2 (USD mn) | 62,946.164 Jul 2024 | monthly | Jan 1999 - Jul 2024 |
| M2 Growth (%) | 13.3 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Reserve Requirement Ratio (%) | 5.0 Sep 2024 | monthly | Jun 2006 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 15,873.3 Jul 2024 | monthly | Apr 1970 - Jul 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.968 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jul 2024 | monthly | Jan 1975 - Jul 2024 |
| Gold Reserves (USD mn) | 529.519 Jul 2024 | monthly | Dec 1969 - Jul 2024 |
| Total Deposits (USD mn) | 64,446.008 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Total Deposits Growth (%) | 11.4 Jul 2024 | monthly | Jan 2001 - Jul 2024 |
| Domestic Credit (USD mn) | 69,338.1 Jul 2024 | monthly | Dec 1999 - Jul 2024 |
| Domestic Credit Growth (%) | 4.5 Jul 2024 | monthly | Dec 2000 - Jul 2024 |
| Total Loans (USD mn) | 64,659.298 Jul 2024 | monthly | Dec 1998 - Jul 2024 |
| Total Loans Growth (%) | 1.59 Jul 2024 | monthly | Dec 1999 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 48.74 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
More Indicators for Oman
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National Accounts
GDP: by Expenditure: 1988 Price
GDP: by Expenditure: 2010 Price
GDP: by Industry: 1988 Price
GDP: by Industry: 2010 Price
GDP: by Industry: Current Price: Annual
GDP: by Industry: Gross Output: 1988 Price
GDP: by Industry: Gross Output: 2010 Price
GDP: by Industry: Intermediate Consumption: 1988 Price
GDP: by Industry: Intermediate Consumption: 2010 Price
GDP Deflator
GDP: National Savings
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
Contribution to GDP
GDP: by Expenditure: 2000 Price
GDP: by Expenditure: Current Price
GDP: by Industry: 2000 Price
GDP: by Industry: Compensation of Employees
GDP: by Industry: Current Price: ytd
GDP: by Industry: Gross Output: 2000 Price
GDP: by Industry: Gross Output: Current Price
GDP: by Industry: Intermediate Consumption: 2000 Price
GDP: by Industry: Intermediate Consumption: Current Price
GDP: Gross Fixed Capital Formation
GDP per Capita
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real