Gross Domestic Product — Value US$, annual growth rate in Oman
Oman: Gross Domestic Product — Value US$, annual growth rate was 0.9887 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Oman, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Oman stood at 0.9887 % change on previous year.
The figure is up 127.4% on the previous year and down 67.8% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Oman peaked at 240.72 % change on previous year in 1974 and was at its lowest, -20.84 % change on previous year, in 1986.
Oman ranks 207th of 236 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 17.48 % change on previous year | — |
| 1972 | 21.84 % change on previous year | +24.9% |
| 1973 | 31.67 % change on previous year | +45.0% |
| 1974 | 240.72 % change on previous year | +660.2% |
| 1975 | 27.39 % change on previous year | -88.6% |
| 1976 | 22.11 % change on previous year | -19.3% |
| 1977 | 7.07 % change on previous year | -68.0% |
| 1978 | 0.0105 % change on previous year | -99.9% |
| 1979 | 36.22 % change on previous year | +346493.2% |
| 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 | -20.84 % change on previous year | -287.9% |
| 1987 | 4.85 % change on previous year | -123.3% |
| 1988 | -2.81 % change on previous year | -157.9% |
| 1989 | 11.76 % change on previous year | -519.0% |
| 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 | 0.3337 % change on previous year | -96.6% |
| 1994 | 6.26 % change on previous year | +1776.0% |
| 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 | -0.2417 % change on previous year | -101.0% |
| 2002 | 3.87 % change on previous year | -1702.2% |
| 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 | +231.3% |
| 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 | +72.8% |
| 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 | 0.9887 % change on previous year | -127.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +346493.2% | 0.0105 % change on previous year | 36.22 % change on previous year |
| 1994 | +1776.0% | 0.3337 % change on previous year | 6.26 % change on previous year |
| 2002 | +1702.2% | -0.2417 % change on previous year | 3.87 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.95 % change on previous year | 0.0105 % change on previous year | 240.72 % change on previous year | 9 |
| 1980s | 10.58 % change on previous year | -20.84 % change on previous year | 59.97 % change on previous year | 10 |
| 1990s | 7.12 % change on previous year | -8.16 % change on previous year | 24.68 % change on previous year | 10 |
| 2000s | 13.29 % change on previous year | -20.56 % change on previous year | 44.52 % change on previous year | 10 |
| 2010s | 5.26 % change on previous year | -15.09 % change on previous year | 19.24 % change on previous year | 10 |
| 2020s | 4.88 % change on previous year | -13.8 % change on previous year | 25.8 % change on previous year | 5 |
Countries ranked near Oman
- 204 Greenland 1.37 % change on previous year compare
- 205 USSR 1.11 % change on previous year compare
- 206 Mauritania 1.08 % change on previous year compare
- 208 Saint Kitts and Nevis 0.9396 % change on previous year compare
- 209 Ghana 0.8992 % change on previous year compare
- 210 United Republic of Tanzania 0.6673 % change on previous year compare
More economy & growth data for Oman
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.18 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Oman?
- Gross domestic product — value us$, annual growth rate in Oman was 0.9887 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Oman?
- The highest recorded value was 240.72 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Oman?
- The lowest recorded value was -20.84 % change on previous year in 1986.
- How does Oman rank for gross domestic product — value us$, annual growth rate?
- Oman ranks 207th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Oman?
- Over the last ten years it is down 67.8%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.