Annual GDP growth in Oman
Oman: Annual GDP growth was 1.6% in 2024. ◆ Volatile
Latest (2024)
1.6%
Change on year
up 15.6%
World rank
153rd
of 212 countries
All-time high
8.9%
in 2008
All-time low
-3.4%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Oman, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Oman is 1.6%, measured in 2024.
Compared with earlier readings it is up 15.6% on the previous year and up 26.4% over ten years.
Over the whole period, annual gdp growth in Oman peaked at 8.9% in 2008 and was at its lowest, -3.4%, in 2020.
Oman ranks 153rd of 212 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 | % | Change |
|---|---|---|
| 2000 | 6.2% | — |
| 2001 | 4.6% | -25.5% |
| 2002 | -0.8% | -116.9% |
| 2003 | -2.2% | +180.8% |
| 2004 | 2.0% | -190.9% |
| 2005 | 2.8% | +39.7% |
| 2006 | 4.7% | +68.0% |
| 2007 | 5.0% | +6.6% |
| 2008 | 8.9% | +79.7% |
| 2009 | 6.0% | -33.2% |
| 2010 | 2.5% | -58.7% |
| 2011 | 2.9% | +17.0% |
| 2012 | 8.9% | +206.6% |
| 2013 | 5.2% | -41.0% |
| 2014 | 1.3% | -75.3% |
| 2015 | 5.0% | +289.1% |
| 2016 | 5.0% | +0.6% |
| 2017 | 0.3% | -94.1% |
| 2018 | 1.3% | +330.0% |
| 2019 | -1.1% | -187.6% |
| 2020 | -3.4% | +199.1% |
| 2021 | 2.6% | -176.3% |
| 2022 | 8.0% | +209.7% |
| 2023 | 1.4% | -82.4% |
| 2024 | 1.6% | +15.6% |
Oman compared with similar countries
- Oman's 1.6% is below the median for high income countries, which is 2.1%, 76% of the median. (83 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. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | -2.2% | 8.9% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -142.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -27.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 12.47 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.6369 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1164 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,360 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is annual gdp growth in Oman?
- Annual gdp growth in Oman was 1.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Oman?
- The highest recorded value was 8.9% 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 153rd out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Oman?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from World Bank – processed by Our World in Data, 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 CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%).