Economic Trivia

Oman's foreign workers send an estimated $30 billion USD annually to their homes.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2016): United Arab Emirates, China, and India
Top 3 Exported Goods (2016): Oil & Mineral Fuels, Motor Vehicles & Parts, and Organic Chemicals

Top Industries Source: CIA World Factbook

Crude Oil Production and Refining; Natural and Liquefied Natural Gas (Lng) Production; Construction; Cement

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $179,487,818,843 (2015)
GDP Growth Rate (annual %) 5.653% (2015)
GDP Per Capita, PPP (current international) $42,737 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 68/194 (2015)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.101% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 23.9% (2017)
Real Interest Rate (5 year average %) 28.44% (2015)
Manufacturing, value added (% of GDP) 8.465% (2016)
Current Account Balance (BoP, current US$) ($10,807,111,387) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,499,184 (2017)
Employment in Agriculture (% of total employment) 5.15% (2010)
Employment in Industry (% of total employment) 36.86% (2010)
Employment in Services (% of total employment) 57.92% (2010)
Unemployment Rate 17.821% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $36,666,579,974 (2015)
Exports of goods and services (current US$) $39,166,189,857 (2015)
Total Merchandise Trade (% of GDP) 72.408% (2016)
FDI, net inflows (BoP, current US$) $142,000,000 (2016)
Commercial Service Exports (current US$) $3,483,416,793 (2015)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Oman’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank