Annual gdp growth in Oman
Oman: Annual gdp growth was 1.63 in 2024. ◆ Volatile
Latest (2024)
1.63
Change on year
up 15.6%
World rank
153rd
of 212 countries
All-time high
8.95
in 2008
All-time low
-3.38
in 2020
Years of data
25
2000–2024
Annual gdp growth in Oman, 2000–2024
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Oman is 1.63, 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 8.95 in 2008 and was at its lowest, -3.38, 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 | Value | Change |
|---|---|---|
| 2000 | 6.19 | — |
| 2001 | 4.61 | -25.5% |
| 2002 | -0.78 | -116.9% |
| 2003 | -2.19 | +180.8% |
| 2004 | 1.99 | -190.9% |
| 2005 | 2.78 | +39.7% |
| 2006 | 4.67 | +68.0% |
| 2007 | 4.98 | +6.6% |
| 2008 | 8.95 | +79.7% |
| 2009 | 5.98 | -33.2% |
| 2010 | 2.47 | -58.7% |
| 2011 | 2.89 | +17.0% |
| 2012 | 8.86 | +206.6% |
| 2013 | 5.23 | -41.0% |
| 2014 | 1.29 | -75.3% |
| 2015 | 5.02 | +289.1% |
| 2016 | 5.05 | +0.6% |
| 2017 | 0.3 | -94.1% |
| 2018 | 1.29 | +330.0% |
| 2019 | -1.13 | -187.6% |
| 2020 | -3.38 | +199.1% |
| 2021 | 2.58 | -176.3% |
| 2022 | 7.99 | +209.7% |
| 2023 | 1.41 | -82.4% |
| 2024 | 1.63 | +15.6% |
Oman compared with similar countries
- Oman's 1.63 is below the median for high income countries, which is 2.14, 76% of the median. (83 countries reporting)
- Oman's 1.63 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.27, 72% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.72 | -2.19 | 8.95 | 10 |
| 2010s | 3.13 | -1.13 | 8.86 | 10 |
| 2020s | 2.05 | -3.38 | 7.99 | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Real gdp growth, annual growth rate 46.63 % change on previous year (2025)
- 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)
Frequently asked questions
- What is annual gdp growth in Oman?
- Annual gdp growth in Oman was 1.63 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Oman?
- The highest recorded value was 8.95 in 2008.
- What is the lowest annual gdp growth recorded in Oman?
- The lowest recorded value was -3.38 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 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).