Economic Growth in Oman
Oman's economy recorded an average real GDP growth rate of 2.1% in the decade up to 2022, slightly above the 2.0% average for the Middle East & North Africa. In 2022, real GDP growth was 4.3%. For more GDP information, visit our dedicated page.
Oman GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Oman from 2015 to 2023.
Source: Macrobond.
Oman GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -1.1 | -3.4 | 2.6 | 8.0 | 1.2 |
| GDP (USD bn) | 87.9 | 75.8 | 87.2 | 109.7 | 105.8 |
| GDP (OMR bn) | 33.9 | 29.2 | 33.6 | 42.2 | 40.7 |
| Economic Growth (Nominal GDP, ann. var. %) | -3.8 | -13.8 | 15.0 | 25.8 | -3.6 |
| Economic Growth (GDP Oil, ann. var. %) | -2.6 | -2.0 | 3.1 | 8.6 | 0.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Omani GDP projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Omani GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Omani GDP projections.
Want to get access to the full dataset of Omani GDP forecasts? Send an email to info@focus-economics.com.