Annual GDP growth in Oman
Oman: Annual GDP growth was 1.6% in 2024. ◆ Volatile
Latest (2024)
1.6%
Change on year
up 15.4%
World rank
165th
of 230 countries
All-time high
9.0%
in 2008
All-time low
-3.4%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Oman, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Oman stood at 1.6%.
The figure is up 15.4% on the previous year and up 26.3% over ten years.
Over the whole period, annual gdp growth in Oman peaked at 9.0% in 2008 and was at its lowest, -3.4%, in 2020.
Oman ranks 165th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.2% | — |
| 2001 | 4.6% | -25.5% |
| 2002 | -0.8% | -117.0% |
| 2003 | -2.2% | +179.9% |
| 2004 | 2.0% | -190.8% |
| 2005 | 2.8% | +39.5% |
| 2006 | 4.7% | +68.0% |
| 2007 | 5.0% | +6.7% |
| 2008 | 9.0% | +79.7% |
| 2009 | 6.0% | -33.2% |
| 2010 | 2.5% | -58.7% |
| 2011 | 2.9% | +17.1% |
| 2012 | 8.9% | +206.2% |
| 2013 | 5.2% | -41.0% |
| 2014 | 1.3% | -75.3% |
| 2015 | 5.0% | +288.2% |
| 2016 | 5.0% | +0.6% |
| 2017 | 0.3% | -94.0% |
| 2018 | 1.3% | +323.3% |
| 2019 | -1.1% | -187.7% |
| 2020 | -3.4% | +199.5% |
| 2021 | 2.6% | -176.4% |
| 2022 | 8.0% | +209.3% |
| 2023 | 1.4% | -82.3% |
| 2024 | 1.6% | +15.4% |
Oman compared with similar countries
- Oman's 1.6% is below the median for high income countries, which is 2.1%, 77% of the median. (80 countries reporting)
- Oman's 1.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.3%, 72% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | -2.2% | 9.0% | 10 |
| 2010s | 3.1% | -1.1% | 8.9% | 10 |
| 2020s | 2.0% | -3.4% | 8.0% | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.18 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 2.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 178.8 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.78 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0065 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 130.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.33 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Oman?
- Annual gdp growth in Oman was 1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Oman?
- The highest recorded value was 9.0% in 2008.
- What is the lowest annual gdp growth recorded in Oman?
- The lowest recorded value was -3.4% in 2020.
- How does Oman rank for annual gdp growth?
- Oman ranks 165th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Oman?
- Over the last ten years it is up 26.3%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).