Oman Economy — GDP, Growth & Key Data

IMF World Economic Outlook and World Bank readings. Each figure below retains its own reference year, source and unit.

Nominal GDP: $117.18B; Reference year 2026; current US dollars; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
117176000000 current US dollars
Real GDP growth: 3.5%; Reference year 2026; annual percent change in real GDP; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
3.5 annual percent change in real GDP
Inflation (annual-average CPI): 1.7%; Reference year 2026; annual percent change in average consumer prices; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
1.7 annual percent change in average consumer prices
Unemployment: Not reported; Reference year not reported; percent of labor force; International Monetary Fund (World Economic Outlook); Series and history →
GDP per person: $21,645; Reference year 2026; current US dollars per person; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
21644.873 current US dollars per person
Population: 5.5M; Reference year 2025; people; World Bank (World Development Indicators); Series and history →; Unrounded value
5494691 people
General government gross debt: 32.7%; Reference year 2026; percent of GDP; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
32.7 percent of GDP
Life expectancy at birth: 80.2 years; Reference year 2024; years; World Bank (World Development Indicators); Series and history →; Unrounded value
80.246 years

Nominal GDP: Rank 71 among 188 covered IMF economies for reference year 2026. This is a ranking of covered positive readings with the same reference-year label.

Each figure retains its own reference year, unit and source. Missing values are not zero. IMF readings can include estimates or projections; their stored release vintage, observation status and country-specific fiscal-year mapping are unavailable. A shared year label does not establish identical calendar periods.

Population follows the World Bank’s midyear-estimate definition. Nominal GDP is converted from stored billions of US dollars to US dollars. GDP per person is output per person, not a typical income; general-government gross debt is broader than central-government debt.

Oman Economic Overview

Oman is a Gulf state with a more modest oil endowment than its neighbors — its proven reserves are expected to last only a few more decades, making economic diversification more urgent than in Saudi Arabia, Kuwait, or Qatar. Vision 2040 focuses on tourism (Oman's dramatic landscapes and cultural heritage), logistics (the mega-port at Duqm positioned as an Indian Ocean hub), manufacturing, fisheries, and mining.

Oman has pursued a distinctive foreign policy — maintaining relationships with all regional players including Iran, Israel, and Western countries — giving it a unique diplomatic role. The economy has implemented significant fiscal reforms including VAT introduction and subsidy reduction. GDP per capita at $21,645 (reference year 2026) is high but below other Gulf states. The "Omanization" policy aims to replace expatriate workers with nationals, particularly in the private sector.

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Questions about Oman’s figures

What nominal gdp does SOTW report for Oman in reference year 2026?

Oman: nominal gdp is $117.18B (current US dollars; reference year 2026). Source: International Monetary Fund (World Economic Outlook). Rank 71 among 188 covered IMF economies for reference year 2026.

What real gdp growth does SOTW report for Oman in reference year 2026?

Oman: real gdp growth is 3.5% (annual percent change in real GDP; reference year 2026). Source: International Monetary Fund (World Economic Outlook).

What population does SOTW report for Oman in reference year 2025?

Oman: population is 5.5M (people; reference year 2025). Source: World Bank (World Development Indicators). The World Bank definition describes midyear population estimates.

What life expectancy at birth does SOTW report for Oman in reference year 2024?

Oman: life expectancy at birth is 80.2 years (years; reference year 2024). Source: World Bank (World Development Indicators).