Business and economic intelligence for the Gulf and Iraq.

Countries

🇴🇲 Oman

Muscat · OMR

A mid-sized hydrocarbon exporter that has used fiscal consolidation and asset transfers to the Oman Investment Authority to reduce debt, with growing logistics and green-hydrogen ambitions.

Verified · updated 22 Sept 2026

What we watch this week

  • 4 OctOPEC+ monthly meeting sets November output.Source
  • 28 OctThe US Federal Reserve decision at its 28 October meeting; most Gulf currencies are pegged to the dollar.Source

Last updated 23 Sept 2026

Key indicators

Oil and gas

5 bn bbl

Proven crude oil reserves

0.76 mb/d

Crude oil production

0.89 mb/d

Crude oil exports

644 bcm

Proven natural gas reserves

42.9 bcm

Marketed natural gas production

Labour snapshot

3.3%

Unemployment rate (total)

68.4%

Labour force participation (total)

Nationalisation programme

Ministry of Labour

Omanisation sets sector-by-sector targets for the share of Omani employees and restricts certain occupations to nationals.

Official source

Sovereign funds

Major companies

AI infrastructure

All verified values

Key indicatorsPeriodValueSource
GDP (nominal)2025$110 bn

World Bank, World Development Indicators·2025·13 Jul 2026

Proven crude oil reserves20245 bn bbl

OPEC Annual Statistical Bulletin·2024·2 Jul 2025

GDP (nominal)2024$107 bn

World Bank, World Development Indicators·2024·13 Jul 2026

Proven crude oil reserves20234.9 bn bbl

OPEC Annual Statistical Bulletin·2023·2 Jul 2025

GDP (nominal)2023$106 bn

World Bank, World Development Indicators·2023·13 Jul 2026

GDP (nominal)2022$110 bn

World Bank, World Development Indicators·2022·13 Jul 2026

GDP (nominal)2021$87.3 bn

World Bank, World Development Indicators·2021·13 Jul 2026

GDP (nominal)2020$75.9 bn

World Bank, World Development Indicators·2020·13 Jul 2026

GDP (nominal)2019$88.1 bn

World Bank, World Development Indicators·2019·13 Jul 2026

GDP (nominal)2018$91.5 bn

World Bank, World Development Indicators·2018·13 Jul 2026

GDP (nominal)2017$80.9 bn

World Bank, World Development Indicators·2017·13 Jul 2026

GDP (nominal)2016$75.1 bn

World Bank, World Development Indicators·2016·13 Jul 2026

GDP (nominal)2015$78.7 bn

World Bank, World Development Indicators·2015·13 Jul 2026

Real GDP growth20252.4%

World Bank, World Development Indicators·2025·13 Jul 2026

Real GDP growth20241.6%

World Bank, World Development Indicators·2024·13 Jul 2026

Crude oil production20240.76 mb/d

OPEC Annual Statistical Bulletin·2024·2 Jul 2025

Crude oil production20230.82 mb/d

OPEC Annual Statistical Bulletin·2023·2 Jul 2025

Real GDP growth20231.4%

World Bank, World Development Indicators·2023·13 Jul 2026

Real GDP growth20228%

World Bank, World Development Indicators·2022·13 Jul 2026

Real GDP growth20212.6%

World Bank, World Development Indicators·2021·13 Jul 2026

Real GDP growth2020-3.4%

World Bank, World Development Indicators·2020·13 Jul 2026

Real GDP growth2019-1.1%

World Bank, World Development Indicators·2019·13 Jul 2026

Real GDP growth20181.3%

World Bank, World Development Indicators·2018·13 Jul 2026

Real GDP growth20170.3%

World Bank, World Development Indicators·2017·13 Jul 2026

Real GDP growth20165%

World Bank, World Development Indicators·2016·13 Jul 2026

Real GDP growth20155%

World Bank, World Development Indicators·2015·13 Jul 2026

Inflation (CPI)20251%

World Bank, World Development Indicators·2025·13 Jul 2026

Inflation (CPI)20240.6%

World Bank, World Development Indicators·2024·13 Jul 2026

Crude oil exports20240.89 mb/d

OPEC Annual Statistical Bulletin·2024·2 Jul 2025

Inflation (CPI)20231%

World Bank, World Development Indicators·2023·13 Jul 2026

Crude oil exports20230.93 mb/d

OPEC Annual Statistical Bulletin·2023·2 Jul 2025

Inflation (CPI)20222.5%

World Bank, World Development Indicators·2022·13 Jul 2026

Inflation (CPI)20211.7%

World Bank, World Development Indicators·2021·13 Jul 2026

Inflation (CPI)2020-0.4%

World Bank, World Development Indicators·2020·13 Jul 2026

Inflation (CPI)20190.5%

World Bank, World Development Indicators·2019·13 Jul 2026

Inflation (CPI)20180.9%

World Bank, World Development Indicators·2018·13 Jul 2026

Inflation (CPI)20171.6%

World Bank, World Development Indicators·2017·13 Jul 2026

Inflation (CPI)20161.1%

World Bank, World Development Indicators·2016·13 Jul 2026

Inflation (CPI)20150.1%

World Bank, World Development Indicators·2015·13 Jul 2026

Population20255.49 mn

World Bank, World Development Indicators·2025·13 Jul 2026

Population20245.28 mn

World Bank, World Development Indicators·2024·13 Jul 2026

Population20235.05 mn

World Bank, World Development Indicators·2023·13 Jul 2026

Population20224.73 mn

World Bank, World Development Indicators·2022·13 Jul 2026

Population20214.5 mn

World Bank, World Development Indicators·2021·13 Jul 2026

Population20204.52 mn

World Bank, World Development Indicators·2020·13 Jul 2026

Population20194.59 mn

World Bank, World Development Indicators·2019·13 Jul 2026

Population20184.6 mn

World Bank, World Development Indicators·2018·13 Jul 2026

Population20174.54 mn

World Bank, World Development Indicators·2017·13 Jul 2026

Population20164.39 mn

World Bank, World Development Indicators·2016·13 Jul 2026

Population20154.18 mn

World Bank, World Development Indicators·2015·13 Jul 2026

Unemployment rate (total)2025 (estimate)3.3%

World Bank, World Development Indicators·2025(estimate)·13 Jul 2026

Proven natural gas reserves2024644 bcm

OPEC Annual Statistical Bulletin·2024·2 Jul 2025

Unemployment rate (total)2024 (estimate)3.2%

World Bank, World Development Indicators·2024(estimate)·13 Jul 2026

Unemployment rate (total)2023 (estimate)3.2%

World Bank, World Development Indicators·2023(estimate)·13 Jul 2026

Proven natural gas reserves2023673 bcm

OPEC Annual Statistical Bulletin·2023·2 Jul 2025

Unemployment rate (total)2022 (estimate)3.3%

World Bank, World Development Indicators·2022(estimate)·13 Jul 2026

Unemployment rate (total)2021 (estimate)1.9%

World Bank, World Development Indicators·2021(estimate)·13 Jul 2026

Unemployment rate (total)2020 (estimate)2.9%

World Bank, World Development Indicators·2020(estimate)·13 Jul 2026

Unemployment rate (total)2019 (estimate)2%

World Bank, World Development Indicators·2019(estimate)·13 Jul 2026

Unemployment rate (total)2018 (estimate)1.8%

World Bank, World Development Indicators·2018(estimate)·13 Jul 2026

Unemployment rate (total)2017 (estimate)2.5%

World Bank, World Development Indicators·2017(estimate)·13 Jul 2026

Unemployment rate (total)2016 (estimate)3.3%

World Bank, World Development Indicators·2016(estimate)·13 Jul 2026

Unemployment rate (total)2015 (estimate)3.4%

World Bank, World Development Indicators·2015(estimate)·13 Jul 2026

Labour force participation (total)2025 (estimate)68.4%

World Bank, World Development Indicators·2025(estimate)·13 Jul 2026

Marketed natural gas production202442.9 bcm

OPEC Annual Statistical Bulletin·2024·2 Jul 2025

Labour force participation (total)2024 (estimate)68.3%

World Bank, World Development Indicators·2024(estimate)·13 Jul 2026

Marketed natural gas production202340.9 bcm

OPEC Annual Statistical Bulletin·2023·2 Jul 2025

Labour force participation (total)2023 (estimate)68.3%

World Bank, World Development Indicators·2023(estimate)·13 Jul 2026

Labour force participation (total)2022 (estimate)68.3%

World Bank, World Development Indicators·2022(estimate)·13 Jul 2026

Labour force participation (total)2021 (estimate)65.8%

World Bank, World Development Indicators·2021(estimate)·13 Jul 2026

Labour force participation (total)2020 (estimate)66%

World Bank, World Development Indicators·2020(estimate)·13 Jul 2026

Labour force participation (total)2019 (estimate)69.8%

World Bank, World Development Indicators·2019(estimate)·13 Jul 2026

Labour force participation (total)2018 (estimate)70.5%

World Bank, World Development Indicators·2018(estimate)·13 Jul 2026

Labour force participation (total)2017 (estimate)70.7%

World Bank, World Development Indicators·2017(estimate)·13 Jul 2026

Labour force participation (total)2016 (estimate)70.3%

World Bank, World Development Indicators·2016(estimate)·13 Jul 2026

Labour force participation (total)2015 (estimate)69.4%

World Bank, World Development Indicators·2015(estimate)·13 Jul 2026

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Sources

  1. World Bank, World Development Indicators · data.worldbank.org
  2. OPEC Annual Statistical Bulletin · opec.org