Oman Nominal GDP
2005 - 2023 | Quarterly | USD mn | CEIC Data
Key information about Oman Nominal GDP
- Oman Nominal GDP reached 27.1 USD bn in Mar 2023, compared with 31.3 USD bn in the previous quarter.
- Nominal GDP in Oman is updated quarterly, available from Mar 2005 to Mar 2023, with an average number of 19.2 USD bn.
- The data reached an all-time high of 31.3 USD bn in Dec 2022 and a record low of 6.7 USD bn in Mar 2005.
CEIC de-accummulates quarterly Nominal GDP and converts it into USD. The National Centre for Statistics and Information provides year-to-date Nominal GDP in local currency based on SNA 2008. The Central Bank of Oman average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2015 is based on SNA 1993.
Related information about Oman Nominal GDP
- In the latest reports, Oman GDP expanded 4.3 % YoY in Dec 2022.
- Its GDP deflator (implicit price deflator) increased 24.6 % in Dec 2022.
- Oman GDP Per Capita reached 23,240.9 USD in Dec 2022.
- Its Gross Savings Rate was measured at 18.8 % in Dec 2021.
- For Nominal GDP contributions, Investment accounted for 22.4 % in Dec 2021.
- Public Consumption accounted for 22.1 % in Dec 2021.
- Private Consumption accounted for 44.3 % in Dec 2021.
View Oman's Nominal GDP from Mar 2005 to Mar 2023 in the chart:
What was Oman's Nominal GDP in Mar 2023?
Oman Nominal GDP reached 27.1 USD bn in Mar 2023, compared with 31.3 USD bn in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 27,116.8 Mar 2023 | 31,323.5 Dec 2022 | 6,748.2 Mar 2005 | 31,323.5 Dec 2022 | USD mn | quarterly | Mar 2005 - Mar 2023 |
Nominal GDP by Country Comparison
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Includes Nominal GDP on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 1,020.5 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Algeria (USD mn) | 49,686.2 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Argentina (USD mn) | 161,468.8 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Armenia (USD mn) | 4,555.0 Mar 2023 | quarterly | Dec 1994 - Mar 2023 |
| Australia (USD mn) | 440,146.9 Mar 2023 | quarterly | Sep 1959 - Mar 2023 |
| Austria (USD mn) | 117,117.1 Dec 2022 | quarterly | Mar 1988 - Dec 2022 |
| Azerbaijan (USD mn) | 20,960.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Bahrain (USD mn) | 11,004.5 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Bangladesh (USD mn) | 460,199.8 2022 | yearly | 1960 - 2022 |
| Belarus (USD mn) | 16,878.2 Mar 2023 | quarterly | Mar 1994 - Mar 2023 |
| Belgium (USD mn) | 153,814.1 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Bolivia (USD mn) | 10,724.0 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Bosnia and Herzegovina (USD mn) | 6,170.0 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Botswana (USD mn) | 5,136.2 Mar 2023 | quarterly | Sep 1993 - Mar 2023 |
| Brazil (USD mn) | 486,069.0 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| Brunei (USD mn) | 4,130.1 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (USD mn) | 24,538.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (USD mn) | 29,598.9 2022 | yearly | 1993 - 2022 |
| Canada (USD mn) | 513,543.5 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Chile (USD mn) | 69,075.0 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| China (USD mn) | 4,166,759.1 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (USD mn) | 79,499.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Croatia (USD mn) | 17,564.7 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cyprus (USD mn) | 7,631.5 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Czech Republic (USD mn) | 72,034.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (USD mn) | 96,987.7 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
| Ecuador (USD mn) | 29,334.6 Sep 2022 | quarterly | Mar 1991 - Sep 2022 |
| Egypt (USD mn) | 108,969.4 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (USD mn) | 9,214.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| European Union (USD mn) | 4,141,831.0 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Finland (USD mn) | 73,976.2 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| France (USD mn) | 689,415.2 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Georgia (USD mn) | 8,284.9 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Germany (USD mn) | 1,072,807.2 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Ghana (USD mn) | 19,263.7 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
| Greece (USD mn) | 50,731.1 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Hong Kong SAR, China (USD mn) | 94,469.6 Dec 2022 | quarterly | Mar 1973 - Dec 2022 |
| Hungary (USD mn) | 42,734.0 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Iceland (USD mn) | 7,161.1 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| India (USD mn) | 873,666.0 Mar 2023 | quarterly | Jun 1996 - Mar 2023 |
| Indonesia (USD mn) | 328,642.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Iran (USD mn) | 429,426.7 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (USD mn) | 133,294.5 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Israel (USD mn) | 133,411.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Italy (USD mn) | 538,664.9 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Ivory Coast (USD mn) | 11,011.3 Sep 2022 | quarterly | Mar 1997 - Sep 2022 |
| Japan (USD mn) | 991,864.7 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Jordan (USD mn) | 11,474.4 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Kazakhstan (USD mn) | 76,997.7 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Kenya (USD mn) | 26,869.9 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| South Korea (USD mn) | 429,247.3 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Kosovo (USD mn) | 2,896.7 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Kuwait (USD mn) | 27,984.3 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Kyrgyzstan (USD mn) | 2,120.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (USD mn) | 15,362.5 2022 | yearly | 1984 - 2022 |
| Latvia (USD mn) | 10,411.8 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Lebanon (USD mn) | 63,482.3 2020 | yearly | 1997 - 2020 |
| Lithuania (USD mn) | 19,049.1 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Luxembourg (USD mn) | 22,027.3 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Macau SAR, China (USD mn) | 6,008.2 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| North Macedonia (USD mn) | 3,828.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (USD mn) | 10,862.6 2019 | yearly | 1960 - 2019 |
| Malaysia (USD mn) | 102,217.9 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
| Malta (USD mn) | 4,614.7 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Mauritius (USD mn) | 3,723.6 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Mexico (USD mn) | 372,043.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Moldova (USD mn) | 3,863.7 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Mongolia (USD mn) | 3,889.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Montenegro (USD mn) | 1,835.8 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Morocco (USD mn) | 33,460.2 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Mozambique (USD mn) | 15,777.0 2021 | yearly | 1963 - 2021 |
| Myanmar (USD mn) | 66,719.6 2018 | yearly | 2001 - 2018 |
| Nepal (USD mn) | 40,828.2 2022 | yearly | 2001 - 2022 |
| Netherlands (USD mn) | 272,109.1 Mar 2023 | quarterly | Mar 1988 - Mar 2023 |
| New Zealand (USD mn) | 58,483.4 Dec 2022 | quarterly | Jun 1987 - Dec 2022 |
| Nigeria (USD mn) | 111,302.5 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| Norway (USD mn) | 133,727.8 Dec 2022 | quarterly | Mar 1978 - Dec 2022 |
| Oman (USD mn) | 27,116.8 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Pakistan (USD mn) | 341,308.8 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (USD mn) | 4,747.2 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Panama (USD mn) | 18,056.7 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Paraguay (USD mn) | 10,371.6 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Peru (USD mn) | 60,278.3 Mar 2023 | quarterly | Mar 1979 - Mar 2023 |
| Philippines (USD mn) | 112,472.0 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (USD mn) | 188,184.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Portugal (USD mn) | 60,609.1 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Qatar (USD mn) | 62,753.6 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Romania (USD mn) | 84,896.6 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Russia (USD mn) | 677,540.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Saudi Arabia (USD mn) | 272,995.3 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Serbia (USD mn) | 17,095.0 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Singapore (USD mn) | 120,606.6 Mar 2023 | quarterly | Mar 1975 - Mar 2023 |
| Slovakia (USD mn) | 31,651.0 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Slovenia (USD mn) | 15,628.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| South Africa (USD mn) | 98,826.0 Sep 2022 | quarterly | Mar 1960 - Sep 2022 |
| Spain (USD mn) | 377,281.4 Mar 2023 | quarterly | Mar 1970 - Mar 2023 |
| Sri Lanka (USD mn) | 17,949.0 Sep 2022 | quarterly | Mar 2002 - Sep 2022 |
| Sudan (USD mn) | 30,863.0 2021 | yearly | 1960 - 2021 |
| Sweden (USD mn) | 145,310.7 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Switzerland (USD mn) | 201,987.0 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
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| 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) | 221.066 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| 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 Revenue: Corporate Income Tax (OMR mn) | 29.000 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
| Government Expenditure: Current (OMR mn) | 680.000 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| Government Financing (OMR mn) | -97.000 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
| Government Expenditure: Investment (OMR mn) | 19.000 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| Government Expenditure (OMR mn) | 929.000 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| Government Surplus or Deficit: Fiscal (OMR mn) | 85.000 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| Government Surplus or Deficit: Remaining (OMR mn) | -12.000 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
| Government Revenue (OMR mn) | 1,014.000 Jan 2024 | monthly | Jun 2003 - Jan 2024 |
| Government Revenue: Current (OMR mn) | 283.000 Jan 2024 | monthly | Mar 2012 - Jan 2024 |
| 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) | 2,280.9 Jan 2024 | monthly | Jan 1975 - Jan 2024 |
| Total Exports (USD mn) | 5,989.6 Jan 2024 | monthly | Mar 2003 - Jan 2024 |
| Total Exports Growth (%) | 16.7 Jan 2024 | monthly | Mar 2004 - Jan 2024 |
| 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) | 3,708.7 Jan 2024 | monthly | Jan 1975 - Jan 2024 |
| 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) | 30.656 Dec 2023 | monthly | Oct 1986 - Dec 2023 |
| Total Imports from USA (USD mn) | 55.451 Dec 2023 | monthly | Jan 1981 - Dec 2023 |
| Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
| Total Imports from China (USD mn) | 322.497 Jan 2024 | monthly | Jun 1984 - Jan 2024 |
| Exports: Non Oil: India (OMR mn) | 77.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
| Exports: Crude Oil: India (Barrel th) | 0.000 Feb 2024 | monthly | Nov 2010 - Feb 2024 |
| Exports: Crude Oil: Japan (Barrel th) | 0.000 Feb 2024 | monthly | Feb 2006 - Feb 2024 |
| Exports: Crude Oil (Barrel th) | 26,229.100 Feb 2024 | monthly | Feb 2006 - Feb 2024 |
| Exports: Crude Oil: China (Barrel th) | 26,229.100 Feb 2024 | monthly | Feb 2006 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.5 Dec 2023 | quarterly | Jun 2008 - Dec 2023 |
| Non-Performing Loans (USD mn) | 492.068 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Money Supply M1 (USD mn) | 15,840.312 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
| Money Supply M2 (USD mn) | 60,795.319 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
| M2 Growth (%) | 14.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Reserve Requirement Ratio (%) | 5.0 Dec 2023 | monthly | Jun 2006 - Dec 2023 |
| Foreign Exchange Reserves (USD mn) | 16,138.4 Jan 2024 | monthly | Apr 1970 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 13.962 Jun 2023 | quarterly | Dec 2005 - Jun 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.4 Jan 2024 | monthly | Jan 1975 - Jan 2024 |
| Gold Reserves (USD mn) | 239.792 Jan 2024 | monthly | Dec 1969 - Jan 2024 |
| Total Deposits (USD mn) | 62,725.659 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Total Deposits Growth (%) | 12.3 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Domestic Credit (USD mn) | 67,496.7 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
| Domestic Credit Growth (%) | 2.9 Jan 2024 | monthly | Dec 2000 - Jan 2024 |
| Total Loans (USD mn) | 63,244.213 Jan 2024 | monthly | Dec 1998 - Jan 2024 |
| Total Loans Growth (%) | 1.80 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
| Private Debt: % of Nominal GDP (%) | 48.03 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
More Indicators for Oman
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National Accounts
GDP: by Expenditure: 1988 Price
GDP: by Expenditure: 2010 Price
GDP: by Industry: 1988 Price
GDP: by Industry: 2010 Price
GDP: by Industry: Current Price: Annual
GDP: by Industry: Gross Output: 1988 Price
GDP: by Industry: Gross Output: 2010 Price
GDP: by Industry: Intermediate Consumption: 1988 Price
GDP: by Industry: Intermediate Consumption: 2010 Price
GDP Deflator
GDP: National Savings
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
Contribution to GDP
GDP: by Expenditure: 2000 Price
GDP: by Expenditure: Current Price
GDP: by Industry: 2000 Price
GDP: by Industry: Compensation of Employees
GDP: by Industry: Current Price: ytd
GDP: by Industry: Gross Output: 2000 Price
GDP: by Industry: Gross Output: Current Price
GDP: by Industry: Intermediate Consumption: 2000 Price
GDP: by Industry: Intermediate Consumption: Current Price
GDP: Gross Fixed Capital Formation
GDP per Capita
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real