Oman Government Debt: % of GDP

1990 - 2022 | Yearly | % | CEIC Data

Key information about Oman Government Debt: % of GDP

  • Oman Government debt accounted for 41.2 % of the country's Nominal GDP in Dec 2022, compared with the ratio of 62.3 % in the previous year.
  • Oman government debt to GDP ratio data is updated yearly, available from Dec 1990 to Dec 2022.
  • The data reached an all-time high of 67.9 % in Dec 2020 and a record low of 3.6 % in Dec 2008.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. The Central Bank of Oman provides Government Debt in local currency. The National Centre for Statistics and Information provides Nominal GDP in local currency based on SNA 2008. Government Debt covers Central Government only. Government Debt as % of Nominal GDP prior to 2001 is sourced from World Bank.


Related information about Oman Government Debt: % of GDP

  • In the latest reports, Oman National Government Debt reached 46.1 USD bn in Dec 2022.
  • The country's Nominal GDP reached 27.1 USD bn in Mar 2023.

View Oman's Government Debt: % of GDP from 1990 to 2022 in the chart:

Oman Government Debt: % of GDP

What was Oman's Government Debt: % of GDP in 2022?

Oman Government debt accounted for 41.2 % of the country's Nominal GDP in Dec 2022, compared with the ratio of 62.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
41.2 2022 62.3 2021 3.6 2008 67.9 2020 % yearly 1990 - 2022

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.2 Sep 2023 quarterly Dec 2013 - Sep 2023
Australia (%) 41.8 2022 yearly 1999 - 2022
Austria (%) 78.2 Sep 2023 quarterly Mar 2000 - Sep 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 90.9 Sep 2023 quarterly Dec 2007 - Sep 2023
Bangladesh (%) 23.9 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 74.3 Dec 2023 quarterly Dec 2006 - Dec 2023
Bulgaria (%) 21.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 67.8 2023 yearly 1962 - 2023
Chile (%) 36.8 Sep 2023 quarterly Mar 2002 - Sep 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 58.5 Jun 2023 quarterly Dec 2005 - Jun 2023
Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 79.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Czech Republic (%) 44.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Denmark (%) 30.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Ecuador (%) 64.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.2 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 82.6 Sep 2023 quarterly Mar 2000 - Sep 2023
Finland (%) 73.8 Sep 2023 quarterly Mar 2000 - Sep 2023
France (%) 111.7 Sep 2023 quarterly Dec 1995 - Sep 2023
Georgia (%) 37.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Germany (%) 64.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 166.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Hong Kong SAR, China (%) 50.0 2023 yearly 2003 - 2023
Hungary (%) 71.2 Sep 2023 quarterly Dec 1990 - Sep 2023
Iceland (%) 68.7 2022 yearly 1998 - 2022
India (%) 58.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Indonesia (%) 39.0 Dec 2023 quarterly Jun 2015 - Dec 2023
Iran (%) 8.9 Mar 2023 quarterly Mar 1998 - Mar 2023
Ireland (%) 43.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 140.6 Sep 2023 quarterly Dec 1995 - Sep 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.5 Dec 2023 quarterly Dec 1994 - Dec 2023
Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 23.1 Sep 2023 quarterly Mar 2005 - Sep 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Kyrgyzstan (%) 46.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Sep 2023 quarterly Mar 2000 - Sep 2023
Luxembourg (%) 25.7 Sep 2023 quarterly Dec 1997 - Sep 2023
North Macedonia (%) 51.6 Sep 2023 quarterly Dec 2009 - Sep 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Malta (%) 49.3 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 50.9 Sep 2023 quarterly Dec 2005 - Sep 2023
Moldova (%) 34.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 45.9 Sep 2023 quarterly Dec 1999 - Sep 2023
New Zealand (%) 37.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Nigeria (%) 37.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 36.5 2022 yearly 1995 - 2022
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 72.6 Sep 2023 quarterly Dec 2010 - Sep 2023
Panama (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Paraguay (%) 34.0 Sep 2023 quarterly Dec 2014 - Sep 2023
Peru (%) 32.4 Sep 2023 quarterly Mar 1999 - Sep 2023
Philippines (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Poland (%) 48.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Portugal (%) 107.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 49.0 Sep 2023 quarterly Dec 2011 - Sep 2023
Russia (%) 15.7 Sep 2023 quarterly Dec 2011 - Sep 2023
Saudi Arabia (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
Serbia (%) 52.7 Sep 2023 quarterly Sep 2004 - Sep 2023
Singapore (%) 172.9 Sep 2023 quarterly Mar 1990 - Sep 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 70.4 Jun 2023 quarterly Dec 1999 - Jun 2023
South Africa (%) 74.0 Sep 2023 quarterly Dec 1960 - Sep 2023
Spain (%) 109.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Sri Lanka (%) 103.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 30.3 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 23.1 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.9 Sep 2023 quarterly Dec 1997 - Sep 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 30.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Oman Key Series

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Includes 195 key indicators for Oman, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.2 Sep 2023 quarterly Dec 2005 - Sep 2023
Consolidated Fiscal Balance (USD mn) 104.031 Oct 2023 monthly Jun 2003 - Oct 2023
Tax Revenue (USD mn) 3,304.518 2021 yearly 1996 - 2021
Tax Revenue: % of GDP (%) 3.8 2021 yearly 1996 - 2021
National Government Debt (USD mn) 46,137.8 2022 yearly 1990 - 2022
Government Debt: % of GDP (%) 41.2 2022 yearly 1990 - 2022
Forecast: Government Expenditure (OMR bn) 11.499 2028 yearly 1990 - 2028
Forecast: Government Net Debt (OMR bn) 13.559 2028 yearly 1990 - 2028
Forecast: Government Revenue (OMR bn) 12.441 2028 yearly 1990 - 2028
Government Financing (OMR mn) 4.000 Oct 2023 monthly Jan 2006 - Oct 2023
Government Expenditure: Investment (OMR mn) 99.000 Oct 2023 monthly Jun 2003 - Oct 2023
Government Expenditure: Current (OMR mn) 695.000 Oct 2023 monthly Jun 2003 - Oct 2023
Government Expenditure (OMR mn) 874.000 Oct 2023 monthly Jun 2003 - Oct 2023
Government Surplus or Deficit: Remaining (OMR mn) 44.000 Oct 2023 monthly Jan 2006 - Oct 2023
Government Revenue (OMR mn) 914.000 Oct 2023 monthly Jun 2003 - Oct 2023
Government Surplus or Deficit: Fiscal (OMR mn) 40.000 Oct 2023 monthly Jun 2003 - Oct 2023
Government Revenue: Corporate Income Tax (OMR mn) 29.000 Oct 2023 monthly Jan 2006 - Oct 2023
Government Revenue: Current (OMR mn) 120.000 Sep 2023 monthly Mar 2012 - Sep 2023
Government Debt (OMR mn) 17,740.000 2022 yearly 2001 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.354 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,909.0 Oct 2023 monthly Jan 1975 - Oct 2023
Total Exports (USD mn) 5,053.3 Nov 2023 monthly Mar 2003 - Nov 2023
Total Exports Growth (%) -0.6 Nov 2023 monthly Mar 2004 - Nov 2023
Aluminum: Exports (USD th) 2,202,640.622 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 155,305.875 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 4,561.969 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,563.1 Oct 2023 monthly Jan 1975 - Oct 2023
Total Imports Growth (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Imports: Medicament (USD th) 394,025.071 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 155,778.457 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 31.357 Oct 2023 monthly Oct 1986 - Oct 2023
Total Imports from USA (USD mn) 38.942 Oct 2023 monthly Jan 1981 - Oct 2023
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 205.462 Nov 2023 monthly Jun 1984 - Nov 2023
Exports: Oil and Gas: Crude Oil (OMR mn) 968.000 Nov 2023 monthly Jan 1995 - Nov 2023
Exports: Non Oil: Mineral Products (OMR mn) 294.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Oil and Gas (OMR mn) 1,160.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Non Oil: Chemical Products (OMR mn) 80.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports (OMR mn) 1,943.000 Nov 2023 monthly Jan 1974 - Nov 2023
Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) 179.000 Nov 2023 monthly Jan 2006 - Nov 2023
Re-Exports (OMR mn) 111.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Non Oil: India (OMR mn) 83.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Non Oil: Saudi Arabia (OMR mn) 92.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Non Oil: United Arab Emirates (OMR mn) 109.000 Nov 2023 monthly Jan 2006 - Nov 2023
Exports: Non Oil (OMR mn) 671.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) 193.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: Mineral Products (OMR mn) 420.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: Transport Equipment (OMR mn) 110.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: Chemical Products (OMR mn) 120.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: India (OMR mn) 118.000 Nov 2023 monthly Feb 2006 - Nov 2023
Imports: United Arab Emirates (OMR mn) 318.000 Nov 2023 monthly Jan 2006 - Nov 2023
Imports: Saudi Arabia (OMR mn) 108.000 Nov 2023 monthly Jan 2011 - Nov 2023
Exports: Crude Oil: Japan (Barrel th) 500.100 Dec 2023 monthly Feb 2006 - Dec 2023
Exports: Crude Oil: India (Barrel th) 0.000 Dec 2023 monthly Nov 2010 - Dec 2023
Exports: Crude Oil (Barrel th) 26,917.900 Dec 2023 monthly Feb 2006 - Dec 2023
Exports: Crude Oil: China (Barrel th) 25,005.900 Dec 2023 monthly Feb 2006 - Dec 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 944.1 2022 yearly 2001 - 2022
Current Account Balance (USD mn) 5,752.9 2022 yearly 1974 - 2022
Current Account Balance: % of GDP (%) -4.9 2021 yearly 1980 - 2021
Foreign Direct Investment (USD mn) 5,479.8 2022 yearly 1970 - 2022
Foreign Direct Investment: % of GDP (%) 4.9 2022 yearly 1970 - 2022
Foreign Portfolio Investment (USD mn) -2,101.430 2022 yearly 1996 - 2022
Foreign Portfolio Investment: % of GDP (%) -1.8 2022 yearly 1996 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 287.9 2022 yearly 1974 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 4,338.882 2021 yearly 1974 - 2021
Forecast: Current Account Balance (USD bn) 1.957 2028 yearly 1980 - 2028
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liab... (USD mn) 0.000 2021 yearly 2017 - 2021
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 2021 yearly 2017 - 2021
BoP: Current Account: Transfers (OMR mn) -3,774.000 2017 yearly 1996 - 2017
Foreign Direct Investment: United Kingdom (OMR mn) 10,150.500 2022 yearly 2005 - 2022
Foreign Direct Investment: India (OMR mn) 255.200 2022 yearly 2005 - 2022
Foreign Direct Investment: Kuwait (OMR mn) 927.500 2022 yearly 2005 - 2022
Foreign Direct Investment: United States of America (OMR mn) 2,734.500 2022 yearly 2005 - 2022
Foreign Direct Investment: United Arab Emirates (OMR mn) 1,083.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Manufacturing (OMR mn) 1,549.100 2022 yearly 2005 - 2022
Foreign Direct Investment: Financial Intermediation (OMR mn) 1,481.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Oil and Gas (OMR mn) 14,157.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Construction (OMR mn) 154.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 1,037.700 2022 yearly 2005 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.4 Sep 2023 quarterly Jun 2008 - Sep 2023
Non-Performing Loans (USD mn) 492.068 Sep 2023 quarterly Mar 2008 - Sep 2023
Money Supply M1 (USD mn) 15,004.421 Nov 2023 monthly Jan 1999 - Nov 2023
Money Supply M2 (USD mn) 58,190.897 Nov 2023 monthly Jan 1999 - Nov 2023
M2 Growth (%) 10.3 Nov 2023 monthly Jan 2000 - Nov 2023
Reserve Requirement Ratio (%) 5.0 Dec 2023 monthly Jun 2006 - Dec 2023
Foreign Exchange Reserves (USD mn) 15,615.6 Nov 2023 monthly Apr 1970 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 13.962 Jun 2023 quarterly Dec 2005 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 4.3 Oct 2023 monthly Jan 1975 - Oct 2023
Gold Reserves (USD mn) 198.700 Nov 2023 monthly Dec 1969 - Nov 2023
Total Deposits (USD mn) 59,855.532 Nov 2023 monthly Jan 2000 - Nov 2023
Total Deposits Growth (%) 9.7 Nov 2023 monthly Jan 2001 - Nov 2023
Domestic Credit (USD mn) 68,783.4 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit Growth (%) 5.7 Nov 2023 monthly Dec 2000 - Nov 2023
Total Loans (USD mn) 64,766.970 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.45 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 48.03 Sep 2023 quarterly Dec 2005 - Sep 2023

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