Oman Nominal GDP
2005 - 2023 | Quarterly | USD mn | CEIC Data
Key information about Oman Nominal GDP
- Oman Nominal GDP reached 27.1 USD bn in Mar 2023, compared with 31.3 USD bn in the previous quarter.
- Nominal GDP in Oman is updated quarterly, available from Mar 2005 to Mar 2023, with an average number of 19.2 USD bn.
- The data reached an all-time high of 31.3 USD bn in Dec 2022 and a record low of 6.7 USD bn in Mar 2005.
CEIC de-accummulates quarterly Nominal GDP and converts it into USD. The National Centre for Statistics and Information provides year-to-date Nominal GDP in local currency based on SNA 2008. The Central Bank of Oman average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2015 is based on SNA 1993.
Related information about Oman Nominal GDP
- In the latest reports, Oman GDP expanded 4.3 % YoY in Dec 2022.
- Its GDP deflator (implicit price deflator) increased 24.6 % in Dec 2022.
- Oman GDP Per Capita reached 23,240.9 USD in Dec 2022.
- Its Gross Savings Rate was measured at 18.8 % in Dec 2021.
- For Nominal GDP contributions, Investment accounted for 22.4 % in Dec 2021.
- Public Consumption accounted for 22.1 % in Dec 2021.
- Private Consumption accounted for 44.3 % in Dec 2021.
View Oman's Nominal GDP from Mar 2005 to Mar 2023 in the chart:
What was Oman's Nominal GDP in Mar 2023?
Oman Nominal GDP reached 27.1 USD bn in Mar 2023, compared with 31.3 USD bn in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 27,116.8 Mar 2023 | 31,323.5 Dec 2022 | 6,748.2 Mar 2005 | 31,323.5 Dec 2022 | USD mn | quarterly | Mar 2005 - Mar 2023 |
Nominal GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 1,020.5 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Algeria (USD mn) | 49,686.2 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Argentina (USD mn) | 161,468.8 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Armenia (USD mn) | 4,555.0 Mar 2023 | quarterly | Dec 1994 - Mar 2023 |
| Australia (USD mn) | 440,146.9 Mar 2023 | quarterly | Sep 1959 - Mar 2023 |
| Austria (USD mn) | 117,117.1 Dec 2022 | quarterly | Mar 1988 - Dec 2022 |
| Azerbaijan (USD mn) | 20,960.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Bahrain (USD mn) | 11,004.5 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Bangladesh (USD mn) | 460,199.8 2022 | yearly | 1960 - 2022 |
| Belarus (USD mn) | 16,878.2 Mar 2023 | quarterly | Mar 1994 - Mar 2023 |
| Belgium (USD mn) | 153,814.1 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Bolivia (USD mn) | 10,724.0 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Bosnia and Herzegovina (USD mn) | 6,170.0 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Botswana (USD mn) | 5,136.2 Mar 2023 | quarterly | Sep 1993 - Mar 2023 |
| Brazil (USD mn) | 486,069.0 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| Brunei (USD mn) | 4,130.1 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (USD mn) | 24,538.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (USD mn) | 39,490.8 2022 | yearly | 1993 - 2022 |
| Canada (USD mn) | 513,543.5 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Chile (USD mn) | 69,075.0 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| China (USD mn) | 4,166,759.1 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (USD mn) | 79,499.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Croatia (USD mn) | 17,564.7 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cyprus (USD mn) | 7,631.5 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Czech Republic (USD mn) | 72,034.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (USD mn) | 96,987.7 Dec 2022 | quarterly | Mar 1990 - Dec 2022 |
| Ecuador (USD mn) | 29,334.6 Sep 2022 | quarterly | Mar 1991 - Sep 2022 |
| Egypt (USD mn) | 108,969.4 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (USD mn) | 9,214.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| European Union (USD mn) | 4,141,831.0 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Finland (USD mn) | 73,976.2 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| France (USD mn) | 689,415.2 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Georgia (USD mn) | 8,067.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Germany (USD mn) | 1,072,807.2 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Ghana (USD mn) | 17,844.2 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Greece (USD mn) | 50,731.1 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Hong Kong SAR, China (USD mn) | 94,469.6 Dec 2022 | quarterly | Mar 1973 - Dec 2022 |
| Hungary (USD mn) | 42,734.0 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Iceland (USD mn) | 7,161.1 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| India (USD mn) | 873,666.0 Mar 2023 | quarterly | Jun 1996 - Mar 2023 |
| Indonesia (USD mn) | 328,642.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Iran (USD mn) | 429,426.7 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (USD mn) | 133,294.5 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Israel (USD mn) | 133,411.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Italy (USD mn) | 538,664.9 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Ivory Coast (USD mn) | 11,011.3 Sep 2022 | quarterly | Mar 1997 - Sep 2022 |
| Japan (USD mn) | 991,864.7 Dec 2022 | quarterly | Mar 1957 - Dec 2022 |
| Jordan (USD mn) | 11,474.4 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Kazakhstan (USD mn) | 76,997.7 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Kenya (USD mn) | 26,869.9 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| South Korea (USD mn) | 429,247.3 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Kosovo (USD mn) | 3,220.0 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (USD mn) | 27,984.3 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Kyrgyzstan (USD mn) | 2,120.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (USD mn) | 15,362.5 2022 | yearly | 1984 - 2022 |
| Latvia (USD mn) | 10,411.8 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Lebanon (USD mn) | 63,482.3 2020 | yearly | 1997 - 2020 |
| Lithuania (USD mn) | 19,049.1 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Luxembourg (USD mn) | 22,027.3 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Macau SAR, China (USD mn) | 6,008.2 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| North Macedonia (USD mn) | 3,828.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (USD mn) | 10,862.6 2019 | yearly | 1960 - 2019 |
| Malaysia (USD mn) | 102,217.9 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
| Malta (USD mn) | 4,614.7 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Mauritius (USD mn) | 3,723.6 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Mexico (USD mn) | 372,043.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Moldova (USD mn) | 3,863.7 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Mongolia (USD mn) | 3,889.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Montenegro (USD mn) | 1,835.8 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Morocco (USD mn) | 33,460.2 Sep 2022 | quarterly | Mar 1990 - Sep 2022 |
| Mozambique (USD mn) | 15,777.0 2021 | yearly | 1963 - 2021 |
| Myanmar (USD mn) | 66,719.6 2018 | yearly | 2001 - 2018 |
| Nepal (USD mn) | 40,828.2 2022 | yearly | 2001 - 2022 |
| Netherlands (USD mn) | 272,109.1 Mar 2023 | quarterly | Mar 1988 - Mar 2023 |
| New Zealand (USD mn) | 58,483.4 Dec 2022 | quarterly | Jun 1987 - Dec 2022 |
| Nigeria (USD mn) | 111,302.5 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| Norway (USD mn) | 133,727.8 Dec 2022 | quarterly | Mar 1978 - Dec 2022 |
| Oman (USD mn) | 27,116.8 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Pakistan (USD mn) | 341,308.8 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (USD mn) | 4,747.2 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Panama (USD mn) | 18,056.7 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Paraguay (USD mn) | 10,371.6 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Peru (USD mn) | 60,278.3 Mar 2023 | quarterly | Mar 1979 - Mar 2023 |
| Philippines (USD mn) | 112,472.0 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (USD mn) | 188,184.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Portugal (USD mn) | 60,609.1 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Qatar (USD mn) | 62,753.6 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Romania (USD mn) | 84,896.6 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Russia (USD mn) | 677,540.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Saudi Arabia (USD mn) | 272,995.3 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Serbia (USD mn) | 17,095.0 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Singapore (USD mn) | 120,606.6 Mar 2023 | quarterly | Mar 1975 - Mar 2023 |
| Slovakia (USD mn) | 31,651.0 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Slovenia (USD mn) | 15,628.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| South Africa (USD mn) | 98,826.0 Sep 2022 | quarterly | Mar 1960 - Sep 2022 |
| Spain (USD mn) | 377,281.4 Mar 2023 | quarterly | Mar 1970 - Mar 2023 |
| Sri Lanka (USD mn) | 17,949.0 Sep 2022 | quarterly | Mar 2002 - Sep 2022 |
| Sudan (USD mn) | 30,863.0 2021 | yearly | 1960 - 2021 |
| Sweden (USD mn) | 145,310.7 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Switzerland (USD mn) | 201,987.0 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
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Learn more about what we doOman Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 2.3 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
| Consolidated Fiscal Balance (USD mn) | 78.023 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Tax Revenue (USD mn) | 4,872.086 2023 | yearly | 1996 - 2023 |
| Tax Revenue: % of GDP (%) | 4.5 2023 | yearly | 1996 - 2023 |
| National Government Debt (USD mn) | 39,697.0 2023 | yearly | 1990 - 2023 |
| Government Debt: % of GDP (%) | 36.5 2023 | yearly | 1990 - 2023 |
| Forecast: Government Expenditure (OMR bn) | 11.851 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (OMR bn) | 14.813 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (OMR bn) | 13.627 2029 | yearly | 1990 - 2029 |
| Government Expenditure: Current (OMR mn) | 718.000 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Government Financing (OMR mn) | 12.000 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Government Revenue: Corporate Income Tax (OMR mn) | 12.000 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Government Expenditure: Investment (OMR mn) | 105.000 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Government Surplus or Deficit: Fiscal (OMR mn) | 30.000 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Government Expenditure (OMR mn) | 1,062.000 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Government Surplus or Deficit: Remaining (OMR mn) | 22.000 Jul 2024 | monthly | Jan 2006 - Jul 2024 |
| Government Revenue (OMR mn) | 1,092.000 Sep 2024 | monthly | Jun 2003 - Sep 2024 |
| Government Revenue: Current (OMR mn) | 170.000 Sep 2024 | monthly | Mar 2012 - Sep 2024 |
| Government Revenue: Non Oil (OMR mn) | 3,524.767 2023 | yearly | 1990 - 2023 |
| Government Debt (OMR mn) | 15,263.500 2023 | yearly | 2001 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.354 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 1,402.1 Sep 2024 | monthly | Jan 1975 - Sep 2024 |
| Total Exports (USD mn) | 5,004.1 Sep 2024 | monthly | Mar 2003 - Sep 2024 |
| Total Exports Growth (%) | -2.1 Sep 2024 | monthly | Mar 2004 - Sep 2024 |
| Aluminum: Exports (USD th) | 1,500,067.073 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 135,166.038 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 7,003.054 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 3,589.1 Aug 2024 | monthly | Jan 1975 - Aug 2024 |
| Total Imports Growth (%) | 0.7 Mar 2023 | monthly | Jan 1976 - Mar 2023 |
| Imports: Medicament (USD th) | 433,950.703 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 179,136.184 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 134.818 Aug 2024 | monthly | Oct 1986 - Aug 2024 |
| Total Imports from USA (USD mn) | 100.070 Aug 2024 | monthly | Jan 1981 - Aug 2024 |
| Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
| Total Imports from China (USD mn) | 436.931 Sep 2024 | monthly | Jun 1984 - Sep 2024 |
| Exports: Non Oil: India (OMR mn) | 68.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Re-Exports (OMR mn) | 132.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Exports: Non Oil: Saudi Arabia (OMR mn) | 76.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Exports: Non Oil: United Arab Emirates (OMR mn) | 92.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Exports: Re-Exports: ow United States (OMR mn) | 3.000 Sep 2024 | monthly | Dec 2007 - Sep 2024 |
| Imports: Transport Equipment (OMR mn) | 131.437 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Imports: United Arab Emirates (OMR mn) | 330.000 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Imports: India (OMR mn) | 130.000 Aug 2024 | monthly | Feb 2006 - Aug 2024 |
| Imports: Saudi Arabia (OMR mn) | 130.000 Aug 2024 | monthly | Jan 2011 - Aug 2024 |
| Imports (OMR mn) | 1,380.000 Aug 2024 | monthly | Jan 1975 - Aug 2024 |
| Exports: Crude Oil: Japan (Barrel th) | 0.000 Sep 2024 | monthly | Feb 2006 - Sep 2024 |
| Exports: Crude Oil: India (Barrel th) | 1,002.000 Sep 2024 | monthly | Nov 2010 - Sep 2024 |
| Exports: Crude Oil (Barrel th) | 25,092.500 Sep 2024 | monthly | Feb 2006 - Sep 2024 |
| Exports: Crude Oil: China (Barrel th) | 24,090.500 Sep 2024 | monthly | Feb 2006 - Sep 2024 |
| Import Volume Index (2015=100) | 84.478 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 139.667 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 113.944 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.5 Jun 2024 | quarterly | Jun 2008 - Jun 2024 |
| Non-Performing Loans (USD mn) | 515.735 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 17,447.854 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Money Supply M2 (USD mn) | 64,219.766 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| M2 Growth (%) | 13.9 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Reserve Requirement Ratio (%) | 5.0 Oct 2024 | monthly | Jun 2006 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 17,671.8 Sep 2024 | monthly | Apr 1970 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.968 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.5 Aug 2024 | monthly | Jan 1975 - Aug 2024 |
| Gold Reserves (USD mn) | 571.391 Sep 2024 | monthly | Dec 1969 - Sep 2024 |
| Total Deposits (USD mn) | 64,825.792 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Total Deposits Growth (%) | 11.1 Sep 2024 | monthly | Jan 2001 - Sep 2024 |
| Domestic Credit (USD mn) | 70,974.5 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Domestic Credit Growth (%) | 4.7 Sep 2024 | monthly | Dec 2000 - Sep 2024 |
| Total Loans (USD mn) | 65,854.356 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Loans Growth (%) | 3.21 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 48.74 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Domestic Assets (OMR mn) | 17,336.400 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Money Supply: Quasi Money (OMR mn) | 17,983.700 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Money Supply (OMR mn) | 24,692.500 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Deposits: Private Sector (OMR mn) | 16,200.000 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
More Indicators for Oman
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National Accounts
GDP: by Expenditure: 1988 Price
GDP: by Expenditure: 2010 Price
GDP: by Industry: 1988 Price
GDP: by Industry: 2010 Price
GDP: by Industry: Current Price: Annual
GDP: by Industry: Gross Output: 1988 Price
GDP: by Industry: Gross Output: 2010 Price
GDP: by Industry: Intermediate Consumption: 1988 Price
GDP: by Industry: Intermediate Consumption: 2010 Price
GDP Deflator
GDP: National Savings
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
Contribution to GDP
GDP: by Expenditure: 2000 Price
GDP: by Expenditure: Current Price
GDP: by Industry: 2000 Price
GDP: by Industry: Compensation of Employees
GDP: by Industry: Current Price: ytd
GDP: by Industry: Gross Output: 2000 Price
GDP: by Industry: Gross Output: Current Price
GDP: by Industry: Intermediate Consumption: 2000 Price
GDP: by Industry: Intermediate Consumption: Current Price
GDP: Gross Fixed Capital Formation
GDP per Capita
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real