Gross Domestic Product — Value US$ in Oman
Oman: Gross Domestic Product — Value US$ was 106,943 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Oman, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Oman is 106,943 million USD, measured in 2024.
That represents a change of up 1.0% on the previous year and up 15.4% over ten years.
Over the whole period, gross domestic product — value us$ in Oman peaked at 109,853 million USD in 2022 and was at its lowest, 268.41 million USD, in 1970.
That places Oman 78th out of 236 countries with data for 2024, 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 — Value US$ in Oman, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 268.41 million USD | — |
| 1971 | 315.32 million USD | +17.5% |
| 1972 | 384.19 million USD | +21.8% |
| 1973 | 505.85 million USD | +31.7% |
| 1974 | 1,724 million USD | +240.7% |
| 1975 | 2,196 million USD | +27.4% |
| 1976 | 2,681 million USD | +22.1% |
| 1977 | 2,870 million USD | +7.1% |
| 1978 | 2,871 million USD | +0.0% |
| 1979 | 3,911 million USD | +36.2% |
| 1980 | 6,256 million USD | +60.0% |
| 1981 | 7,552 million USD | +20.7% |
| 1982 | 7,942 million USD | +5.2% |
| 1983 | 8,397 million USD | +5.7% |
| 1984 | 9,254 million USD | +10.2% |
| 1985 | 10,281 million USD | +11.1% |
| 1986 | 8,138 million USD | -20.8% |
| 1987 | 8,533 million USD | +4.9% |
| 1988 | 8,293 million USD | -2.8% |
| 1989 | 9,268 million USD | +11.8% |
| 1990 | 11,556 million USD | +24.7% |
| 1991 | 11,216 million USD | -2.9% |
| 1992 | 12,315 million USD | +9.8% |
| 1993 | 12,356 million USD | +0.3% |
| 1994 | 13,130 million USD | +6.3% |
| 1995 | 14,416 million USD | +9.8% |
| 1996 | 16,398 million USD | +13.7% |
| 1997 | 17,470 million USD | +6.5% |
| 1998 | 16,044 million USD | -8.2% |
| 1999 | 17,833 million USD | +11.1% |
| 2000 | 22,260 million USD | +24.8% |
| 2001 | 22,206 million USD | -0.2% |
| 2002 | 23,066 million USD | +3.9% |
| 2003 | 24,734 million USD | +7.2% |
| 2004 | 28,379 million USD | +14.7% |
| 2005 | 35,507 million USD | +25.1% |
| 2006 | 42,578 million USD | +19.9% |
| 2007 | 48,300 million USD | +13.4% |
| 2008 | 69,805 million USD | +44.5% |
| 2009 | 55,454 million USD | -20.6% |
| 2010 | 64,994 million USD | +17.2% |
| 2011 | 77,497 million USD | +19.2% |
| 2012 | 87,409 million USD | +12.8% |
| 2013 | 89,936 million USD | +2.9% |
| 2014 | 92,699 million USD | +3.1% |
| 2015 | 78,711 million USD | -15.1% |
| 2016 | 75,129 million USD | -4.6% |
| 2017 | 80,857 million USD | +7.6% |
| 2018 | 91,506 million USD | +13.2% |
| 2019 | 88,061 million USD | -3.8% |
| 2020 | 75,909 million USD | -13.8% |
| 2021 | 87,324 million USD | +15.0% |
| 2022 | 109,853 million USD | +25.8% |
| 2023 | 105,896 million USD | -3.6% |
| 2024 | 106,943 million USD | +1.0% |
Oman compared with similar countries
- Oman's 106,943 million USD is above the median for high income countries, which is 95,350 million USD, 1.1× the median. (73 countries reporting)
- Oman's 106,943 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 80,409 million USD, 1.3× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$ 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 |
|---|---|---|---|
| 1974 | +240.7% | 505.85 million USD | 1,724 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,773 million USD | 268.41 million USD | 3,911 million USD | 10 |
| 1980s | 8,391 million USD | 6,256 million USD | 10,281 million USD | 10 |
| 1990s | 14,273 million USD | 11,216 million USD | 17,833 million USD | 10 |
| 2000s | 37,229 million USD | 22,206 million USD | 69,805 million USD | 10 |
| 2010s | 82,680 million USD | 64,994 million USD | 92,699 million USD | 10 |
| 2020s | 97,185 million USD | 75,909 million USD | 109,853 million USD | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Oman?
- Gross domestic product — value us$ in Oman was 106,943 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Oman?
- The highest recorded value was 109,853 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Oman?
- The lowest recorded value was 268.41 million USD in 1970.
- How does Oman rank for gross domestic product — value us$?
- Oman ranks 78th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Oman?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).