Trade as share of gdp in Oman
Oman: Trade as share of gdp was 114.85 in 2024. ▬ Flat
Latest (2024)
114.85
Change on year
up 7.9%
World rank
48th
of 191 countries
All-time high
123.02
in 1973
All-time low
56.19
in 1967
Years of data
57
1967–2024
Trade as share of gdp in Oman, 1967–2024
Source: Our World in Data.
Analysis
In 2024, trade as share of gdp in Oman stood at 114.85.
The figure is up 7.9% on the previous year and up 12.3% over ten years.
Over the whole period, trade as share of gdp in Oman peaked at 123.02 in 1973 and was at its lowest, 56.19, in 1967.
Oman ranks 48th of 191 countries on this measure, in the top quarter.
Trade as share of gdp in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 1967 | 56.19 | — |
| 1968 | 84.88 | +51.1% |
| 1969 | 86.5 | +1.9% |
| 1970 | 93.35 | +7.9% |
| 1971 | 97.92 | +4.9% |
| 1972 | 103.12 | +5.3% |
| 1973 | 123.02 | +19.3% |
| 1974 | 121.48 | -1.3% |
| 1975 | 118.24 | -2.7% |
| 1976 | 108.3 | -8.4% |
| 1977 | 102.34 | -5.5% |
| 1978 | 107.05 | +4.6% |
| 1979 | 101.78 | -4.9% |
| 1980 | 100.31 | -1.4% |
| 1981 | 102.78 | +2.5% |
| 1982 | 101.7 | -1.0% |
| 1983 | 91.72 | -9.8% |
| 1984 | 87.86 | -4.2% |
| 1985 | 87.01 | -1.0% |
| 1986 | 80.17 | -7.9% |
| 1987 | 77.94 | -2.8% |
| 1988 | 71.36 | -8.4% |
| 1990 | 61.24 | -14.2% |
| 1991 | 62.71 | +2.4% |
| 1992 | 64.73 | +3.2% |
| 1993 | 65.08 | +0.5% |
| 1994 | 62.69 | -3.7% |
| 1995 | 64.15 | +2.3% |
| 1996 | 69.39 | +8.2% |
| 1997 | 71.59 | +3.2% |
| 1998 | 80.48 | +12.4% |
| 1999 | 76.61 | -4.8% |
| 2000 | 81.41 | +6.3% |
| 2001 | 84.53 | +3.8% |
| 2002 | 83.65 | -1.0% |
| 2003 | 84.85 | +1.4% |
| 2004 | 88.61 | +4.4% |
| 2005 | 86.76 | -2.1% |
| 2006 | 86.15 | -0.7% |
| 2007 | 94.87 | +10.1% |
| 2008 | 94.76 | -0.1% |
| 2009 | 91.63 | -3.3% |
| 2010 | 96.39 | +5.2% |
| 2011 | 101.64 | +5.5% |
| 2012 | 102.08 | +0.4% |
| 2013 | 112.54 | +10.3% |
| 2014 | 102.28 | -9.1% |
| 2015 | 96.38 | -5.8% |
| 2016 | 82.86 | -14.0% |
| 2017 | 88.95 | +7.3% |
| 2018 | 89.28 | +0.4% |
| 2019 | 86.48 | -3.1% |
| 2020 | 91.88 | +6.2% |
| 2021 | 95.95 | +4.4% |
| 2022 | 105.75 | +10.2% |
| 2023 | 106.45 | +0.7% |
| 2024 | 114.85 | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 75.85 | 56.19 | 86.5 | 3 |
| 1970s | 107.66 | 93.35 | 123.02 | 10 |
| 1980s | 88.98 | 71.36 | 102.78 | 9 |
| 1990s | 67.87 | 61.24 | 80.48 | 10 |
| 2000s | 87.72 | 81.41 | 94.87 | 10 |
| 2010s | 95.89 | 82.86 | 112.54 | 10 |
| 2020s | 102.97 | 91.88 | 114.85 | 5 |
Countries ranked near Oman
- 45 Fiji 118.96 compare
- 46 Antigua and Barbuda 118.3 compare
- 47 Marshall Islands 115.91 compare
- 49 Serbia 112.92 compare
- 50 Belarus 112.11 compare
- 51 Solomon Islands 111.35 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)
- Gross domestic savings (current US$), annual growth rate -1.98 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4214 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 8,548 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate -1.98 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.162 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 3,287 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 2.38 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9625 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is trade as share of gdp in Oman?
- Trade as share of gdp in Oman was 114.85 in 2024, according to Our World in Data.
- What is the highest trade as share of gdp recorded in Oman?
- The highest recorded value was 123.02 in 1973.
- What is the lowest trade as share of gdp recorded in Oman?
- The lowest recorded value was 56.19 in 1967.
- How does Oman rank for trade as share of gdp?
- Oman ranks 48th out of 191 countries with data for 2024.
- Is trade as share of gdp rising or falling in Oman?
- Over the last ten years it is up 12.3%. The long-run trend across the full record is flat.
- Where does this Oman data come from?
- The figures come from Our World in Data, published as part of Trade as share of gdp. Statizoid updates them automatically from the source API.
Download this data
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