GDP in Oman

Oman GDP | Economic News & Forecasts

Oman - GDP

The economy performed well in 2018, largely thanks to higher oil and natural gas production. From January to November, hydrocarbon output rose significantly compared to the same period a year earlier and translated into stronger public finances and exports. However, despite the improving economy, the government made little progress in improving its underlying finances and remains highly dependent on oil revenue. Although the fiscal deficit is expected to have decreased in 2018, Fitch Ratings downgraded the sovereign debt rating of Oman to BB+ from BBB- on 18 December, citing higher recent spending than expected and uncertainty linked to future oil revenues. Meanwhile, on 1 January the government unveiled its 2019 budget, which forecasts a small increase in spending that is just outpaced by revenue growth.

Oman - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)5.3  1.2  4.7  5.4  -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Oman GDP Chart

Oman GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Center for Statistics and Information and FocusEconomics calculations.

Oman Facts

Exchange Rate0.390.06 %Jan 30
Stock Market0.10.0 %Jan 30

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form