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 (2021): United Arab Emirates, India, and Saudi Arabia
Top 3 Exported Goods (2021): Oil & Mineral Fuels, Plastics, and Iron & Steel

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) $190,943,008,184 (2022)
GDP Growth Rate (annual %) 4.311% (2022)
GDP Per Capita, PPP (current international) $41,724 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 76/197 (2022)

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 %) 2.812% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 27.4% (2019)
Real Interest Rate (5 year average %) -6.387% (2021)
Manufacturing, value added (% of GDP) 10.496% (2022)
Current Account Balance (BoP, current US$) ($4,288,219,680) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,243,287 (2022)
Employment in Agriculture (% of total employment) 4.123% (2021)
Employment in Industry (% of total employment) 48.282% (2021)
Employment in Services (% of total employment) 47.595% (2021)
Unemployment Rate 2.327% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $36,502,257,477 (2021)
Exports of goods and services (current US$) $46,324,248,895 (2021)
Total Merchandise Trade (% of GDP) 87.027% (2022)
FDI, net inflows (BoP, current US$) $3,715,648,028 (2022)
Commercial Service Exports (current US$) $1,733,352,049 (2021)
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