Gross Domestic Product — Value Standard Local Currency, annual growth in Oman
Oman: Gross Domestic Product — Value Standard Local Currency, annual growth was 0.9888 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Oman, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Oman is 0.9888 % change on previous year, measured in 2024.
The figure is up 127.5% on the previous year and down 67.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Oman peaked at 235.6 % change on previous year in 1974 and was at its lowest, -20.56 % change on previous year, in 2009.
That places Oman 213th out of 218 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 17.13 % change on previous year | — |
| 1972 | 12.55 % change on previous year | -26.8% |
| 1973 | 20.31 % change on previous year | +61.8% |
| 1974 | 235.6 % change on previous year | +1059.9% |
| 1975 | 27.39 % change on previous year | -88.4% |
| 1976 | 22.11 % change on previous year | -19.3% |
| 1977 | 7.07 % change on previous year | -68.0% |
| 1978 | 0.0106 % change on previous year | -99.9% |
| 1979 | 36.22 % change on previous year | +341937.7% |
| 1980 | 59.97 % change on previous year | +65.6% |
| 1981 | 20.71 % change on previous year | -65.5% |
| 1982 | 5.17 % change on previous year | -75.1% |
| 1983 | 5.73 % change on previous year | +10.9% |
| 1984 | 10.21 % change on previous year | +78.2% |
| 1985 | 11.09 % change on previous year | +8.7% |
| 1986 | -12.45 % change on previous year | -212.3% |
| 1987 | 5.54 % change on previous year | -144.5% |
| 1988 | -2.81 % change on previous year | -150.6% |
| 1989 | 11.76 % change on previous year | -518.9% |
| 1990 | 24.68 % change on previous year | +109.9% |
| 1991 | -2.94 % change on previous year | -111.9% |
| 1992 | 9.8 % change on previous year | -433.0% |
| 1993 | 0.3341 % change on previous year | -96.6% |
| 1994 | 6.26 % change on previous year | +1773.8% |
| 1995 | 9.8 % change on previous year | +56.5% |
| 1996 | 13.75 % change on previous year | +40.3% |
| 1997 | 6.53 % change on previous year | -52.5% |
| 1998 | -8.16 % change on previous year | -224.9% |
| 1999 | 11.15 % change on previous year | -236.6% |
| 2000 | 24.82 % change on previous year | +122.7% |
| 2001 | -0.2419 % change on previous year | -101.0% |
| 2002 | 3.87 % change on previous year | -1701.2% |
| 2003 | 7.23 % change on previous year | +86.8% |
| 2004 | 14.74 % change on previous year | +103.8% |
| 2005 | 25.12 % change on previous year | +70.4% |
| 2006 | 19.91 % change on previous year | -20.7% |
| 2007 | 13.44 % change on previous year | -32.5% |
| 2008 | 44.52 % change on previous year | +231.2% |
| 2009 | -20.56 % change on previous year | -146.2% |
| 2010 | 17.2 % change on previous year | -183.7% |
| 2011 | 19.24 % change on previous year | +11.8% |
| 2012 | 12.79 % change on previous year | -33.5% |
| 2013 | 2.89 % change on previous year | -77.4% |
| 2014 | 3.07 % change on previous year | +6.3% |
| 2015 | -15.09 % change on previous year | -591.2% |
| 2016 | -4.55 % change on previous year | -69.8% |
| 2017 | 7.62 % change on previous year | -267.5% |
| 2018 | 13.17 % change on previous year | +72.7% |
| 2019 | -3.76 % change on previous year | -128.6% |
| 2020 | -13.8 % change on previous year | +266.5% |
| 2021 | 15.04 % change on previous year | -209.0% |
| 2022 | 25.8 % change on previous year | +71.6% |
| 2023 | -3.6 % change on previous year | -114.0% |
| 2024 | 0.9888 % change on previous year | -127.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1979 | +341937.7% | 0.0106 % change on previous year | 36.22 % change on previous year |
| 1994 | +1773.8% | 0.3341 % change on previous year | 6.26 % change on previous year |
| 2002 | +1701.2% | -0.2419 % change on previous year | 3.87 % change on previous year |
| 1974 | +1059.9% | 20.31 % change on previous year | 235.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42.04 % change on previous year | 0.0106 % change on previous year | 235.6 % change on previous year | 9 |
| 1980s | 11.49 % change on previous year | -12.45 % change on previous year | 59.97 % change on previous year | 10 |
| 1990s | 7.12 % change on previous year | -8.16 % change on previous year | 24.68 % change on previous year | 10 |
| 2000s | 13.29 % change on previous year | -20.56 % change on previous year | 44.52 % change on previous year | 10 |
| 2010s | 5.26 % change on previous year | -15.09 % change on previous year | 19.24 % change on previous year | 10 |
| 2020s | 4.88 % change on previous year | -13.8 % change on previous year | 25.8 % change on previous year | 5 |
Countries ranked near Oman
- 210 Austria 1.84 % change on previous year compare
- 211 Saudi Arabia 1.55 % change on previous year compare
- 212 Finland 1.55 % change on previous year compare
- 214 Saint Kitts and Nevis 0.9397 % change on previous year compare
- 215 Botswana -0.2984 % change on previous year compare
- 216 Kuwait -3.27 % 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 — value standard local currency, annual growth in Oman?
- Gross domestic product — value standard local currency, annual growth in Oman was 0.9888 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Oman?
- The highest recorded value was 235.6 % change on previous year in 1974.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Oman?
- The lowest recorded value was -20.56 % change on previous year in 2009.
- How does Oman rank for gross domestic product — value standard local currency, annual growth?
- Oman ranks 213th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Oman?
- Over the last ten years it is down 67.8%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.