Trade in Oman
Oman: Trade was 114.9% in 2024. ▬ Flat
Trade in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for trade in Oman is 114.9%, measured in 2024.
That represents a change of up 7.9% on the previous year and up 12.3% over ten years.
Over the whole period, trade in Oman peaked at 123.0% in 1973 and was at its lowest, 56.2%, in 1967.
That places Oman 49th out of 192 countries with data for 2024, putting it in the middle of the range.
Trade in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 56.2% | — |
| 1968 | 84.9% | +51.1% |
| 1969 | 86.5% | +1.9% |
| 1970 | 93.4% | +7.9% |
| 1971 | 97.9% | +4.9% |
| 1972 | 103.1% | +5.3% |
| 1973 | 123.0% | +19.3% |
| 1974 | 121.5% | -1.3% |
| 1975 | 118.2% | -2.7% |
| 1976 | 108.3% | -8.4% |
| 1977 | 102.3% | -5.5% |
| 1978 | 107.0% | +4.6% |
| 1979 | 101.8% | -4.9% |
| 1980 | 100.3% | -1.4% |
| 1981 | 102.8% | +2.5% |
| 1982 | 101.7% | -1.0% |
| 1983 | 91.7% | -9.8% |
| 1984 | 87.9% | -4.2% |
| 1985 | 87.0% | -1.0% |
| 1986 | 80.2% | -7.9% |
| 1987 | 77.9% | -2.8% |
| 1988 | 71.4% | -8.4% |
| 1990 | 61.2% | -14.2% |
| 1991 | 62.7% | +2.4% |
| 1992 | 64.7% | +3.2% |
| 1993 | 65.1% | +0.5% |
| 1994 | 62.7% | -3.7% |
| 1995 | 64.2% | +2.3% |
| 1996 | 69.4% | +8.2% |
| 1997 | 71.6% | +3.2% |
| 1998 | 80.5% | +12.4% |
| 1999 | 76.6% | -4.8% |
| 2000 | 81.4% | +6.3% |
| 2001 | 84.5% | +3.8% |
| 2002 | 83.7% | -1.0% |
| 2003 | 84.8% | +1.4% |
| 2004 | 88.6% | +4.4% |
| 2005 | 86.8% | -2.1% |
| 2006 | 86.1% | -0.7% |
| 2007 | 94.9% | +10.1% |
| 2008 | 94.8% | -0.1% |
| 2009 | 91.6% | -3.3% |
| 2010 | 96.4% | +5.2% |
| 2011 | 101.6% | +5.5% |
| 2012 | 102.1% | +0.4% |
| 2013 | 112.5% | +10.3% |
| 2014 | 102.3% | -9.1% |
| 2015 | 96.4% | -5.8% |
| 2016 | 82.9% | -14.0% |
| 2017 | 89.0% | +7.3% |
| 2018 | 89.3% | +0.4% |
| 2019 | 86.5% | -3.1% |
| 2020 | 91.9% | +6.2% |
| 2021 | 95.9% | +4.4% |
| 2022 | 105.7% | +10.2% |
| 2023 | 106.4% | +0.7% |
| 2024 | 114.9% | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 75.9% | 56.2% | 86.5% | 3 |
| 1970s | 107.7% | 93.4% | 123.0% | 10 |
| 1980s | 89.0% | 71.4% | 102.8% | 9 |
| 1990s | 67.9% | 61.2% | 80.5% | 10 |
| 2000s | 87.7% | 81.4% | 94.9% | 10 |
| 2010s | 95.9% | 82.9% | 112.5% | 10 |
| 2020s | 103.0% | 91.9% | 114.9% | 5 |
Countries ranked near Oman
- 46 Antigua and Barbuda 118.3% compare
- 47 Kosovo 118.2% compare
- 48 Marshall Islands 115.9% compare
- 50 Serbia 112.9% compare
- 51 Belarus 112.1% compare
- 52 Solomon Islands 111.4% 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 value added at basic prices (GVA) (current LCU), annual growth 2.38 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.3866 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 7,711 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8819 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,591 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.3629 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade in Oman?
- Trade in Oman was 114.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Oman?
- The highest recorded value was 123.0% in 1973.
- What is the lowest trade recorded in Oman?
- The lowest recorded value was 56.2% in 1967.
- How does Oman rank for trade?
- Oman ranks 49th out of 192 countries with data for 2024.
- Is trade 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.