Gross domestic product (GDP), annual growth rate in Oman
Oman: Gross domestic product (GDP), annual growth rate was 0.9804 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Oman, 1972–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Oman is 0.9804 % change on previous year, measured in 2023.
Compared with earlier readings it is down 88.5% on the previous year and down 65.4% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Oman peaked at 29.13 % change on previous year in 2006 and was at its lowest, -22.59 % change on previous year, in 1986.
That places Oman 120th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1972 | 9.27 % change on previous year | — |
| 1973 | -14.03 % change on previous year | -251.4% |
| 1974 | 28.04 % change on previous year | -299.8% |
| 1975 | 28.84 % change on previous year | +2.9% |
| 1976 | 19.05 % change on previous year | -34.0% |
| 1977 | 17.58 % change on previous year | -7.7% |
| 1978 | 14.77 % change on previous year | -16.0% |
| 1979 | 8.21 % change on previous year | -44.4% |
| 1980 | 8.99 % change on previous year | +9.5% |
| 1981 | 17.08 % change on previous year | +90.0% |
| 1982 | 5.03 % change on previous year | -70.5% |
| 1983 | 11.07 % change on previous year | +120.1% |
| 1984 | 10.64 % change on previous year | -3.9% |
| 1985 | 7.85 % change on previous year | -26.2% |
| 1986 | -22.59 % change on previous year | -387.8% |
| 1987 | 9.87 % change on previous year | -143.7% |
| 1988 | -18.24 % change on previous year | -284.8% |
| 1989 | 22.01 % change on previous year | -220.7% |
| 1990 | 17.36 % change on previous year | -21.1% |
| 1991 | -7.77 % change on previous year | -144.8% |
| 1992 | 13.71 % change on previous year | -276.3% |
| 1993 | -3.06 % change on previous year | -122.3% |
| 1994 | -0.1152 % change on previous year | -96.2% |
| 1995 | 19.11 % change on previous year | -16686.0% |
| 1996 | 13.7 % change on previous year | -28.3% |
| 1997 | 7.4 % change on previous year | -46.0% |
| 1998 | -5.02 % change on previous year | -167.8% |
| 1999 | 15.99 % change on previous year | -418.5% |
| 2000 | 21.4 % change on previous year | +33.8% |
| 2001 | 12.5 % change on previous year | -41.6% |
| 2002 | 1.25 % change on previous year | -90.0% |
| 2003 | 20.92 % change on previous year | +1575.4% |
| 2004 | 23.99 % change on previous year | +14.7% |
| 2005 | 14.18 % change on previous year | -40.9% |
| 2006 | 29.13 % change on previous year | +105.4% |
| 2007 | 16.88 % change on previous year | -42.1% |
| 2008 | 25.52 % change on previous year | +51.2% |
| 2009 | -5.88 % change on previous year | -123.0% |
| 2010 | 1.59 % change on previous year | -127.0% |
| 2011 | 14.31 % change on previous year | +802.3% |
| 2012 | 7.71 % change on previous year | -46.2% |
| 2013 | 2.83 % change on previous year | -63.3% |
| 2014 | -6.16 % change on previous year | -317.6% |
| 2015 | -15.24 % change on previous year | +147.5% |
| 2016 | -2.49 % change on previous year | -83.7% |
| 2017 | -0.3705 % change on previous year | -85.1% |
| 2018 | 5.52 % change on previous year | -1591.1% |
| 2019 | -0.7179 % change on previous year | -113.0% |
| 2020 | -6.68 % change on previous year | +830.5% |
| 2021 | 9.3 % change on previous year | -239.2% |
| 2022 | 8.56 % change on previous year | -8.0% |
| 2023 | 0.9804 % change on previous year | -88.5% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +16686.0% | -0.1152 % change on previous year | 19.11 % change on previous year |
| 2018 | +1591.1% | -0.3705 % change on previous year | 5.52 % change on previous year |
| 2003 | +1575.4% | 1.25 % change on previous year | 20.92 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.97 % change on previous year | -14.03 % change on previous year | 28.84 % change on previous year | 8 |
| 1980s | 5.17 % change on previous year | -22.59 % change on previous year | 22.01 % change on previous year | 10 |
| 1990s | 7.13 % change on previous year | -7.77 % change on previous year | 19.11 % change on previous year | 10 |
| 2000s | 15.99 % change on previous year | -5.88 % change on previous year | 29.13 % change on previous year | 10 |
| 2010s | 0.6984 % change on previous year | -15.24 % change on previous year | 14.31 % change on previous year | 10 |
| 2020s | 3.04 % change on previous year | -6.68 % change on previous year | 9.3 % change on previous year | 4 |
Countries ranked near Oman
- 117 Grenada 1.28 % change on previous year compare
- 118 Eswatini 1.09 % change on previous year compare
- 119 Belize 1.06 % change on previous year compare
- 121 Italy 0.8832 % change on previous year compare
- 122 Australia 0.863 % change on previous year compare
- 123 Liberia 0.8473 % change on previous year compare
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 gross domestic product (gdp), annual growth rate in Oman?
- Gross domestic product (gdp), annual growth rate in Oman was 0.9804 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Oman?
- The highest recorded value was 29.13 % change on previous year in 2006.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Oman?
- The lowest recorded value was -22.59 % change on previous year in 1986.
- How does Oman rank for gross domestic product (gdp), annual growth rate?
- Oman ranks 120th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Oman?
- Over the last ten years it is down 65.4%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.