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 3 Nov 2026
Key indicators
$109.60 bn
GDP (nominal)
World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
$19,947.4
GDP per capita (nominal)
World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
2.4%
Real GDP growth
World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
1.0%
Inflation (CPI)
World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
5.49 mn
Population
World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
$6.75 bn
FDI net inflows
International Monetary Fund·2025 (preliminary)·source dated 30 Sep 2026·updated 4 Oct 2026·About this indicator
$18.96 bn
Foreign exchange reserves
International Monetary Fund·Mar 2025·source dated 1 Oct 2026·updated 4 Oct 2026·About this indicator
-1.1%
Fiscal balance, central government (% of GDP)
Central Bank of Oman·2025·source dated 10 Sep 2026·updated 4 Oct 2026·About this indicator
35.8%
Public debt (% of GDP)
International Monetary Fund·2025 (IMF estimate)(estimate)·source dated 15 Jan 2026·updated 25 Oct 2026·About this indicator
12 score (0-21 scale)
Sovereign credit rating (S&P-equivalent score)
S&P Global Ratings·25 Sep 2026·source dated 25 Sep 2026·updated 25 Oct 2026·About this indicator
Oil and gas
4.97 bn bbl
Proven crude oil reserves
OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026·About this indicator
0.77 mb/d
Crude oil production
OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator
0.9 mb/d
Crude oil production capacity
International Energy Agency (IEA)·Aug 2026·source dated 11 Sep 2026·updated 4 Oct 2026·About this indicator
0.89 mb/d
Crude oil exports
OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026·About this indicator
644 bcm
Proven natural gas reserves
OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026·About this indicator
42.91 bcm
Marketed natural gas production
OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 24 Oct 2026·About this indicator
Labour snapshot
3.3%
Unemployment rate (total)
World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
68.4%
Labour force participation (total)
World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator
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
- ASYAD Group · Logistics & ports
- Ahli Bank (Oman) · Banking
- Asyad Shipping · Shipping
- Bank Dhofar · Banking
- Bank Muscat · Banking
- Bank Nizwa · Islamic banking
- Energy Development Oman · Oil & gas (upstream)
- Nama Group · Power & utilities
- National Bank of Oman (NBO) · Banking
- OMIFCO (Oman India Fertiliser Company) · Chemicals
- OQ · Oil & gas
- OQ Base Industries · Petrochemicals (methanol, ammonia, LPG)
- OQ Exploration and Production · Oil & gas (upstream)
- OQ Gas Networks · Gas transportation
- Oman Air · Aviation
- Oman Airports · Airport operations
- Oman Arab Bank (OAB) · Banking
- Oman LNG · Oil & gas
- Omantel · Telecoms & technology
- Ominvest (Oman International Development and Investment Company) · Investment holding
- Otech · Cloud, AI and cybersecurity
- Petroleum Development Oman (PDO) · Oil & gas (upstream)
- Phoenix Power · Power generation
- SalamAir · Aviation
- Sohar International Bank · Banking
Major projects
- Oman green hydrogen programme (Hydrom land-block awards) · Industry
- Hafeet Rail (Oman–UAE railway) · Transport
AI infrastructure
All verified values
| Key indicators | Period | Value | Source |
|---|---|---|---|
| GDP (nominal) | 2025 | $109.60 bn | World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP (nominal) | 2024 | $107.14 bn | World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Proven crude oil reserves | 2024 | 4.97 bn bbl | OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Proven crude oil reserves | 2023 | 4.91 bn bbl | OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026 |
| GDP (nominal) | 2023 | $106.17 bn | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2022 | $109.85 bn | World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2021 | $87.32 bn | World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2020 | $75.91 bn | World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2019 | $88.06 bn | World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2018 | $91.51 bn | World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2017 | $80.86 bn | World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2016 | $75.13 bn | World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP (nominal) | 2015 | $78.71 bn | World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026 |
| GDP per capita (nominal) | 2025 | $19,947.4 | World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2024 | $20,285.2 | World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2023 | $21,027.7 | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2022 | $23,223.6 | World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2021 | $19,403.5 | World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2020 | $16,784.9 | World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2019 | $19,180.2 | World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2018 | $19,901.8 | World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2017 | $17,820.1 | World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2016 | $17,110.2 | World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 27 Oct 2026 |
| GDP per capita (nominal) | 2015 | $18,808.3 | World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Crude oil production | 2025 | 0.77 mb/d | OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026 |
| Real GDP growth | 2025 | 2.4% | World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Crude oil production | 2024 | 0.76 mb/d | OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Real GDP growth | 2024 | 1.6% | World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Real GDP growth | 2023 | 1.4% | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Crude oil production | 2023 | 0.82 mb/d | OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Real GDP growth | 2022 | 8.0% | World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2021 | 2.6% | World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2020 | -3.4% | World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2019 | -1.1% | World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2018 | 1.3% | World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2017 | 0.3% | World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2016 | 5.0% | World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Real GDP growth | 2015 | 5.0% | World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Crude oil production capacity | Aug 2026 | 0.9 mb/d | International Energy Agency (IEA)·Aug 2026·source dated 11 Sep 2026·updated 4 Oct 2026 |
| Inflation (CPI) | 2025 | 1.0% | World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Inflation (CPI) | 2024 | 0.6% | World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Crude oil exports | 2024 | 0.89 mb/d | OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Crude oil exports | 2023 | 0.93 mb/d | OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Inflation (CPI) | 2023 | 1.0% | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2022 | 2.5% | World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2021 | 1.7% | World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2020 | -0.4% | World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2019 | 0.5% | World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2018 | 0.9% | World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2017 | 1.6% | World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2016 | 1.1% | World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Inflation (CPI) | 2015 | 0.1% | World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Population | 2025 | 5.49 mn | World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2024 | 5.28 mn | World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2023 | 5.05 mn | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2022 | 4.73 mn | World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2021 | 4.50 mn | World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2020 | 4.52 mn | World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2019 | 4.59 mn | World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2018 | 4.60 mn | World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2017 | 4.54 mn | World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2016 | 4.39 mn | World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Population | 2015 | 4.18 mn | World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Unemployment rate (total) | 2025 (estimate) | 3.3% | World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Proven natural gas reserves | 2024 | 644 bcm | OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Unemployment rate (total) | 2024 (estimate) | 3.2% | World Bank, World Development Indicators·2024(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Unemployment rate (total) | 2023 (estimate) | 3.2% | World Bank, World Development Indicators·2023(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Proven natural gas reserves | 2023 | 673 bcm | OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026 |
| Unemployment rate (total) | 2022 (estimate) | 3.3% | World Bank, World Development Indicators·2022(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2021 (estimate) | 1.9% | World Bank, World Development Indicators·2021(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2020 (estimate) | 2.9% | World Bank, World Development Indicators·2020(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2019 (estimate) | 2.0% | World Bank, World Development Indicators·2019(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2018 (estimate) | 1.8% | World Bank, World Development Indicators·2018(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2017 (estimate) | 2.5% | World Bank, World Development Indicators·2017(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2016 (estimate) | 3.3% | World Bank, World Development Indicators·2016(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Unemployment rate (total) | 2015 (estimate) | 3.4% | World Bank, World Development Indicators·2015(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2025 (estimate) | 68.4% | World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Labour force participation (total) | 2024 (estimate) | 68.3% | World Bank, World Development Indicators·2024(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Marketed natural gas production | 2024 | 42.91 bcm | OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 24 Oct 2026 |
| Marketed natural gas production | 2023 | 40.87 bcm | OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 24 Oct 2026 |
| Labour force participation (total) | 2023 (estimate) | 68.3% | World Bank, World Development Indicators·2023(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2022 (estimate) | 68.3% | World Bank, World Development Indicators·2022(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2021 (estimate) | 65.8% | World Bank, World Development Indicators·2021(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2020 (estimate) | 66.0% | World Bank, World Development Indicators·2020(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2019 (estimate) | 69.8% | World Bank, World Development Indicators·2019(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2018 (estimate) | 70.5% | World Bank, World Development Indicators·2018(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2017 (estimate) | 70.7% | World Bank, World Development Indicators·2017(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2016 (estimate) | 70.3% | World Bank, World Development Indicators·2016(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| Labour force participation (total) | 2015 (estimate) | 69.4% | World Bank, World Development Indicators·2015(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026 |
| FDI net inflows | 2025 (preliminary) | $6.75 bn | International Monetary Fund·2025 (preliminary)·source dated 30 Sep 2026·updated 4 Oct 2026 |
| FDI net inflows | 2024 | $9.33 bn | International Monetary Fund·2024·source dated 30 Sep 2026·updated 4 Oct 2026 |
| FDI net inflows | 2023 | $12.55 bn | World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 27 Oct 2026 |
| Foreign exchange reserves | Mar 2025 | $18.96 bn | International Monetary Fund·Mar 2025·source dated 1 Oct 2026·updated 4 Oct 2026 |
| Foreign exchange reserves | end-2024 | $18.29 bn | International Monetary Fund·end-2024·source dated 1 Oct 2026·updated 4 Oct 2026 |
| Fiscal balance, central government (% of GDP) | 2025 | -1.1% | Central Bank of Oman·2025·source dated 10 Sep 2026·updated 4 Oct 2026 |
| Fiscal balance, central government (% of GDP) | 2024 | 1.3% | Central Bank of Oman·2024·source dated 10 Sep 2026·updated 4 Oct 2026 |
| Fiscal balance, central government (% of GDP) | 2023 | 2.3% | Central Bank of Oman·2023·source dated 10 Sep 2026·updated 4 Oct 2026 |
| Public debt (% of GDP) | 2025 (IMF estimate) (estimate) | 35.8% | International Monetary Fund·2025 (IMF estimate)(estimate)·source dated 15 Jan 2026·updated 25 Oct 2026 |
| Public debt (% of GDP) | 2024 | 35.4% | International Monetary Fund·2024·source dated 15 Jan 2026·updated 25 Oct 2026 |
| Sovereign credit rating (S&P-equivalent score) | 25 Sep 2026 | 12 score (0-21 scale) | S&P Global Ratings·25 Sep 2026·source dated 25 Sep 2026·updated 25 Oct 2026 |
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Sources
- World Bank, World Development Indicators · data.worldbank.org
- OPEC Annual Statistical Bulletin · opec.org
- International Energy Agency (IEA) · iea.org
- International Monetary Fund · api.imf.org
- Central Bank of Oman · cbo.gov.om
- S&P Global Ratings · spglobal.com