Oman Real GDP Growth
The Gross Domestic Product (GDP) in Oman contracted 0.8 % YoY in Dec 2019, following a growth of 0.9 % in the previous year. Real GDP Growth YoY data in Oman is updated yearly, available from Dec 1999 to Dec 2019, with an average rate of 2.7 %. The data reached an all-time high of 9.0 % in Dec 2012 and a record low of -2.7 % in Dec 2003. CEIC calculates annual Real GDP Growth from annual Real GDP. The National Centеr for Statistics and Information provides Real GDP in local currency, at 2010 prices.
In the latest reports, Nominal GDP of Oman reached 15.4 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) fell 3.5 % in Dec 2019. GDP Per Capita in Oman reached 16,529.4 USD in Dec 2019. Its Gross Savings Rate was measured at 20.2 % in Dec 2018. For Nominal GDP contributions, Investment accounted for 20.5 % in Dec 2019. Public Consumption accounted for 24.6 % in Dec 2019. Private Consumption accounted for 40.6 % in Dec 2019.
View Oman's Real GDP Growth from 1999 to 2019 in the chart:
What was Oman's Real GDP Growth in 2019?
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-0.8 2019 | 0.9 2018 | -2.7 2003 | 9.0 2012 | % | yearly | 1999 - 2019 |
Real GDP Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.5 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
Argentina (%) | -10.1 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Australia (%) | -3.8 Sep 2020 | quarterly | Sep 1960 - Sep 2020 |
Austria (%) | -4.2 Sep 2020 | quarterly | Mar 1989 - Sep 2020 |
Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
Bahrain (%) | -5.5 Dec 2020 | quarterly | Mar 2009 - Dec 2020 |
Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
Belarus (%) | -0.2 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
Belgium (%) | -5.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Bolivia (%) | -21.7 Jun 2020 | quarterly | Mar 1991 - Jun 2020 |
Bosnia and Herzegovina (%) | -6.3 Sep 2020 | quarterly | Mar 2009 - Sep 2020 |
Botswana (%) | -5.9 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Brazil (%) | -3.9 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
Brunei (%) | 0.5 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
Bulgaria (%) | -5.2 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Cambodia (%) | 7.1 2019 | yearly | 1994 - 2019 |
Canada (%) | -5.2 Sep 2020 | quarterly | Mar 1962 - Sep 2020 |
Chile (%) | -10.3 Sep 2020 | quarterly | Mar 1987 - Sep 2020 |
China (%) | 6.5 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
Colombia (%) | -9.5 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Croatia (%) | -10.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Cyprus (%) | -4.4 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Czech Republic (%) | -5.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Denmark (%) | -3.7 Sep 2020 | quarterly | Mar 1992 - Sep 2020 |
Ecuador (%) | -8.8 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
Egypt (%) | -1.7 Jun 2020 | quarterly | Sep 2002 - Jun 2020 |
Estonia (%) | -2.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
European Union (%) | -4.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Finland (%) | -3.0 Sep 2020 | quarterly | Mar 1976 - Sep 2020 |
France (%) | -5.0 Dec 2020 | quarterly | Mar 1950 - Dec 2020 |
Georgia (%) | -5.6 Sep 2020 | quarterly | Mar 1998 - Sep 2020 |
Germany (%) | -3.6 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
Ghana (%) | -0.3 Sep 2020 | quarterly | Jun 2006 - Sep 2020 |
Greece (%) | -11.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Hong Kong SAR, China (%) | -3.4 Sep 2020 | quarterly | Mar 1991 - Sep 2020 |
Hungary (%) | -4.6 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Iceland (%) | -6.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
India (%) | -7.5 Sep 2020 | quarterly | Jun 2005 - Sep 2020 |
Indonesia (%) | -2.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
Iran (%) | -2.8 Jun 2020 | quarterly | Jun 1989 - Jun 2020 |
Ireland (%) | 8.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Israel (%) | -1.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Italy (%) | -6.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
Ivory Coast (%) | 7.4 2018 | yearly | 1966 - 2018 |
Japan (%) | -5.7 Sep 2020 | quarterly | Mar 1956 - Sep 2020 |
Jordan (%) | -2.2 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
Kazakhstan (%) | -4.9 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
Kenya (%) | -1.9 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
South Korea (%) | -1.3 Dec 2020 | quarterly | Mar 1961 - Dec 2020 |
Kosovo (%) | 0.7 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
Kuwait (%) | -2.5 Mar 2020 | quarterly | Jun 2010 - Mar 2020 |
Kyrgyzstan (%) | -6.0 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
Laos (%) | 5.5 2019 | yearly | 2003 - 2019 |
Latvia (%) | -1.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Lebanon (%) | -1.9 2018 | yearly | 2005 - 2018 |
Lithuania (%) | -1.3 Dec 2020 | quarterly | Jun 1995 - Dec 2020 |
Luxembourg (%) | 0.5 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Macau SAR, China (%) | -63.8 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
North Macedonia (%) | -3.3 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | -2.7 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Malta (%) | -9.9 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Mauritius (%) | -32.5 Jun 2020 | quarterly | Mar 2001 - Jun 2020 |
Mexico (%) | -4.6 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
Moldova (%) | 0.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Mongolia (%) | -3.1 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Montenegro (%) | -26.9 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Morocco (%) | -7.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 6.8 2019 | yearly | 2011 - 2019 |
Nepal (%) | -2.7 Mar 2020 | quarterly | Dec 2004 - Mar 2020 |
Netherlands (%) | -2.5 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
New Zealand (%) | 3.9 Sep 2020 | quarterly | Jun 1983 - Sep 2020 |
Nigeria (%) | -3.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Norway (%) | -0.1 Sep 2020 | quarterly | Mar 1979 - Sep 2020 |
Oman (%) | -0.8 2019 | yearly | 1999 - 2019 |
Pakistan (%) | 0.5 2020 | yearly | 2001 - 2020 |
Palestinian Territory (%) | 11.8 Sep 2020 | quarterly | Jun 2011 - Sep 2020 |
Panama (%) | -23.6 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
Paraguay (%) | -1.2 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Peru (%) | -9.4 Sep 2020 | quarterly | Mar 1981 - Sep 2020 |
Philippines (%) | -8.4 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
Poland (%) | -1.8 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | -4.5 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
Romania (%) | -5.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Russia (%) | -3.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Saudi Arabia (%) | -4.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | -3.8 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
Slovakia (%) | -2.3 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
Slovenia (%) | -2.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
South Africa (%) | -6.1 Sep 2020 | quarterly | Mar 1961 - Sep 2020 |
Spain (%) | -9.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Sri Lanka (%) | 1.5 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Sudan (%) | -1.3 2019 | yearly | 1983 - 2019 |
Sweden (%) | -2.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
Switzerland (%) | -1.7 Sep 2020 | quarterly | Mar 1966 - Sep 2020 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -10.4 Jun 2020 | quarterly | Dec 2005 - Jun 2020 |
Consolidated Fiscal Balance (USD mn) | -768.010 Oct 2020 | monthly | Jun 2003 - Oct 2020 |
Tax Revenue (USD mn) | 3,121.711 2019 | yearly | 1996 - 2019 |
Tax Revenue: % of GDP (%) | 4.1 2019 | yearly | 1996 - 2019 |
National Government Debt (USD mn) | 42,581.5 2019 | yearly | 1990 - 2019 |
Government Debt: % of GDP (%) | 55.8 2019 | yearly | 1990 - 2019 |
Forecast: Government Expenditure (OMR bn) | 11.882 2026 | yearly | 1990 - 2026 |
Forecast: Government Net Debt (OMR bn) | 19.727 2026 | yearly | 1990 - 2026 |
Forecast: Government Revenue (OMR bn) | 11.967 2026 | yearly | 1990 - 2026 |
Government Revenue (OMR mn) | 423.300 Nov 2020 | monthly | Jun 2003 - Nov 2020 |
Government Expenditure: Current (OMR mn) | 627.100 Nov 2020 | monthly | Jun 2003 - Nov 2020 |
Government Expenditure: Investment (OMR mn) | 126.600 Nov 2020 | monthly | Jun 2003 - Nov 2020 |
Government Financing (OMR mn) | 11.000 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
Government Surplus or Deficit: Fiscal (OMR mn) | -339.700 Nov 2020 | monthly | Jun 2003 - Nov 2020 |
Government Surplus or Deficit: Remaining (OMR mn) | -647.100 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
Government Revenue: Corporate Income Tax (OMR mn) | 2.200 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
Government Expenditure (OMR mn) | 733.000 Nov 2020 | monthly | Jun 2003 - Nov 2020 |
Government Revenue: Non Oil (OMR mn) | 2,589.681 2019 | yearly | 1990 - 2019 |
Government Debt (OMR mn) | 16,372.600 2019 | yearly | 2001 - 2019 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.986 2026 | yearly | 1980 - 2026 |
Trade Balance (USD mn) | 813.3 Sep 2020 | monthly | Jan 1975 - Sep 2020 |
Total Exports (USD mn) | 2,576.9 Sep 2020 | monthly | Jan 1974 - Sep 2020 |
Total Exports Growth (%) | -12.7 Sep 2020 | monthly | Jan 1975 - Sep 2020 |
Aluminum: Exports (USD th) | 832,020.613 2019 | yearly | 1995 - 2019 |
Exports: Medicament (USD th) | 105,158.321 2019 | yearly | 1995 - 2019 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 6,126.895 2019 | yearly | 1995 - 2019 |
Total Imports (USD mn) | 1,763.6 Sep 2020 | monthly | Jan 1975 - Sep 2020 |
Total Imports Growth (%) | -6.9 Sep 2020 | monthly | Jan 1976 - Sep 2020 |
Imports: Medicament (USD th) | 243,724.070 2019 | yearly | 1995 - 2019 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 80,574.644 2019 | yearly | 1995 - 2019 |
Total Exports to USA (USD mn) | 35.497 Oct 2020 | monthly | Oct 1986 - Oct 2020 |
Total Imports from USA (USD mn) | 25.197 Aug 2020 | monthly | Jan 1981 - Aug 2020 |
Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
Total Imports from China (USD mn) | 168.270 Sep 2020 | monthly | Jun 1984 - Sep 2020 |
Exports (OMR mn) | 990.800 Sep 2020 | monthly | Jan 1974 - Sep 2020 |
Exports: Non Oil: Chemical Products (OMR mn) | 58.600 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Oil and Gas (OMR mn) | 496.800 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Oil and Gas: Crude Oil (OMR mn) | 370.400 Sep 2020 | monthly | Jan 1995 - Sep 2020 |
Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) | 57.100 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil: Mineral Products (OMR mn) | 39.400 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil (OMR mn) | 289.500 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil: United Arab Emirates (OMR mn) | 42.600 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Re-Exports (OMR mn) | 204.500 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil: India (OMR mn) | 39.100 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil: Saudi Arabia (OMR mn) | 45.700 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Exports: Non Oil: China (OMR mn) | 21.100 Dec 2019 | monthly | Oct 2006 - Dec 2019 |
Imports: Mineral Products (OMR mn) | 63.300 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Imports: Chemical Products (OMR mn) | 66.900 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) | 162.900 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Imports: Transport Equipment (OMR mn) | 41.500 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Imports: United Arab Emirates (OMR mn) | 286.400 Sep 2020 | monthly | Jan 2006 - Sep 2020 |
Imports: Japan (OMR mn) | 35.200 Dec 2017 | monthly | Jan 2006 - Dec 2017 |
Imports: United States (OMR mn) | 18.700 Mar 2020 | monthly | Jan 2006 - Mar 2020 |
Imports: India (OMR mn) | 40.200 Sep 2020 | monthly | Feb 2006 - Sep 2020 |
Imports: Saudi Arabia (OMR mn) | 33.700 Sep 2020 | monthly | Jan 2011 - Sep 2020 |
Imports (OMR mn) | 678.100 Sep 2020 | monthly | Jan 1975 - Sep 2020 |
Exports: Crude Oil (Barrel th) | 19,870.100 Feb 2021 | monthly | Feb 2006 - Feb 2021 |
Exports: Crude Oil: Japan (Barrel th) | 0.000 Feb 2021 | monthly | Feb 2006 - Feb 2021 |
Exports: Crude Oil: China (Barrel th) | 18,495.300 Feb 2021 | monthly | Feb 2006 - Feb 2021 |
Exports: Crude Oil: India (Barrel th) | 1,050.000 Feb 2021 | monthly | Nov 2010 - Feb 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.0 Sep 2020 | quarterly | Jun 2008 - Sep 2020 |
Non-Performing Loans (USD mn) | 434.330 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
Money Supply M1 (USD mn) | 14,387.776 Jan 2021 | monthly | Jan 1999 - Jan 2021 |
Money Supply M2 (USD mn) | 50,802.861 Jan 2021 | monthly | Jan 1999 - Jan 2021 |
M2 Growth (%) | 9.0 Jan 2021 | monthly | Jan 2000 - Jan 2021 |
Reserve Requirement Ratio (%) | 5.0 Jan 2021 | monthly | Jun 2006 - Jan 2021 |
Foreign Exchange Reserves (USD mn) | 17,826.0 Jan 2021 | monthly | Apr 1970 - Jan 2021 |
Foreign Exchange Reserves: % of GDP (%) | 24.890 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
Foreign Exchange Reserves: Months of Import (NA) | 9.5 Sep 2020 | monthly | Jan 1975 - Sep 2020 |
Gold Reserves (USD mn) | 1.821 Jan 2021 | monthly | Dec 1969 - Jan 2021 |
Total Deposits Growth (%) | 2.8 Jan 2021 | monthly | Jan 2001 - Jan 2021 |
Total Deposits (USD mn) | 53,753.168 Jan 2021 | monthly | Jan 2000 - Jan 2021 |
Domestic Credit (USD mn) | 60,433.6 Jan 2021 | monthly | Dec 1999 - Jan 2021 |
Domestic Credit Growth (%) | 9.8 Jan 2021 | monthly | Dec 2000 - Jan 2021 |
Total Loans (USD mn) | 58,108.973 Dec 2020 | monthly | Dec 1998 - Dec 2020 |
Total Loans Growth (%) | 1.40 Oct 2020 | monthly | Dec 1999 - Oct 2020 |
Private Debt: % of Nominal GDP (%) | 73.73 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
Money Supply (OMR mn) | 19,533.700 Jan 2021 | monthly | Jan 1999 - Jan 2021 |
Money Supply: M1 (OMR mn) | 5,723.500 Aug 2020 | monthly | Jan 1999 - Aug 2020 |
Domestic Assets (OMR mn) | 14,689.700 Jan 2021 | monthly | Dec 1999 - Jan 2021 |
Money Supply: Quasi Money (OMR mn) | 14,001.600 Jan 2021 | monthly | Jan 1999 - Jan 2021 |
Deposits: Private Sector (OMR mn) | 14,486.500 Jan 2021 | monthly | Jan 1999 - Jan 2021 |
Non Performing Loans (OMR mn) | 167.000 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
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