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 14.3 USD bn in Jun 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.
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 (%) | -11.0 Jun 2020 | quarterly | Mar 2010 - Jun 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -19.8 Jun 2020 | quarterly | Mar 2005 - Jun 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -6.3 Jun 2020 | quarterly | Sep 1960 - Jun 2020 |
| Austria (%) | -14.5 Jun 2020 | quarterly | Mar 1989 - Jun 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -8.9 Jun 2020 | quarterly | Mar 2009 - Jun 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -3.3 Jun 2020 | quarterly | Mar 2006 - Jun 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) | -1,960.468 Jul 2020 | monthly | Jun 2003 - Jul 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) | 13.997 2025 | yearly | 1990 - 2025 |
| Forecast: Government Net Debt (OMR bn) | 32.239 2025 | yearly | 1990 - 2025 |
| Forecast: Government Revenue (OMR bn) | 11.252 2025 | yearly | 1990 - 2025 |
| Government Revenue (OMR mn) | 365.600 Aug 2020 | monthly | Jun 2003 - Aug 2020 |
| Government Expenditure: Current (OMR mn) | 603.700 Aug 2020 | monthly | Jun 2003 - Aug 2020 |
| Government Expenditure: Investment (OMR mn) | 154.900 Jun 2020 | monthly | Jun 2003 - Jun 2020 |
| Government Financing (OMR mn) | 11.000 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
| Government Surplus or Deficit: Fiscal (OMR mn) | -753.800 Jul 2020 | monthly | Jun 2003 - Jul 2020 |
| Government Surplus or Deficit: Remaining (OMR mn) | -658.100 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) | 1,082.100 Jul 2020 | monthly | Jun 2003 - Jul 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 |
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