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:

Oman Nominal GDP

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) 17,859.8 Jun 2024 quarterly Mar 2006 - Jun 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) 2,609.3 Jun 2024 quarterly Mar 2010 - Jun 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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Oman 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) 122.237 Aug 2024 monthly Jun 2003 - Aug 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 Surplus or Deficit: Remaining (OMR mn) 22.000 Jul 2024 monthly Jan 2006 - Jul 2024
Government Surplus or Deficit: Fiscal (OMR mn) 47.000 Aug 2024 monthly Jun 2003 - Aug 2024
Government Expenditure: Current (OMR mn) 626.000 Aug 2024 monthly Jun 2003 - Aug 2024
Government Financing (OMR mn) -4.000 Aug 2024 monthly Jan 2006 - Aug 2024
Government Expenditure: Investment (OMR mn) 82.000 Aug 2024 monthly Jun 2003 - Aug 2024
Government Revenue: Corporate Income Tax (OMR mn) 218.000 Aug 2024 monthly Jan 2006 - Aug 2024
Government Expenditure (OMR mn) 906.000 Aug 2024 monthly Jun 2003 - Aug 2024
Government Revenue (OMR mn) 953.000 Aug 2024 monthly Jun 2003 - Aug 2024
Government Revenue: Current (OMR mn) 421.000 Aug 2024 monthly Mar 2012 - Aug 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) 1,667.1 Aug 2024 monthly Jan 1975 - Aug 2024
Total Exports (USD mn) 5,256.2 Aug 2024 monthly Mar 2003 - Aug 2024
Total Exports Growth (%) 8.0 Aug 2024 monthly Mar 2004 - Aug 2024
Aluminum: Exports (USD th) 1,500,067.073 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 155,305.875 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 4,561.969 2022 yearly 1995 - 2022
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) 394,025.071 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 155,778.457 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 118.743 Jul 2024 monthly Oct 1986 - Jun 2024
Total Imports from USA (USD mn) 92.299 Jul 2024 monthly Jan 1981 - Jun 2024
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 418.726 Aug 2024 monthly Jun 1984 - Aug 2024
Exports: Non Oil: Mineral Products (OMR mn) 185.000 Aug 2024 monthly Jan 2006 - Aug 2024
Exports: Oil and Gas: Crude Oil (OMR mn) 839.000 Aug 2024 monthly Jan 1995 - Aug 2024
Exports (OMR mn) 2,021.000 Aug 2024 monthly Jan 1974 - Aug 2024
Exports: Non Oil: Chemical Products (OMR mn) 60.000 Aug 2024 monthly Jan 2006 - Aug 2024
Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) 210.000 Aug 2024 monthly Jan 2006 - Aug 2024
Exports: Oil and Gas (OMR mn) 1,345.000 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: India (OMR mn) 68.000 Aug 2024 monthly Jan 2006 - Aug 2024
Exports: Non Oil (OMR mn) 545.000 Aug 2024 monthly Jan 2006 - Aug 2024
Exports: Non Oil: United Arab Emirates (OMR mn) 92.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Chemical Products (OMR mn) 133.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) 229.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Mineral Products (OMR mn) 337.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Transport Equipment (OMR mn) 140.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Saudi Arabia (OMR mn) 130.000 Aug 2024 monthly Jan 2011 - Aug 2024
Imports: India (OMR mn) 130.000 Aug 2024 monthly Feb 2006 - Aug 2024
Imports: United Arab Emirates (OMR mn) 330.000 Aug 2024 monthly Jan 2006 - Aug 2024
Imports (OMR mn) 1,380.000 Aug 2024 monthly Jan 1975 - Aug 2024
Exports: Crude Oil: India (Barrel th) 1,002.000 Sep 2024 monthly Nov 2010 - Sep 2024
Exports: Crude Oil: Japan (Barrel th) 0.000 Sep 2024 monthly Feb 2006 - Sep 2024
Exports: Crude Oil: China (Barrel th) 24,090.500 Sep 2024 monthly Feb 2006 - Sep 2024
Exports: Crude Oil (Barrel th) 25,092.500 Sep 2024 monthly Feb 2006 - Sep 2024
Export Volume Index (2015=100) 113.944 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 84.478 2021 yearly 2000 - 2021
Export Value Index (2015=100) 139.667 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 395.3 2023 yearly 2001 - 2023
Current Account Balance (USD mn) 2,637.2 2023 yearly 1974 - 2023
Current Account Balance: % of GDP (%) -4.9 2021 yearly 1980 - 2021
Foreign Direct Investment (USD mn) 12,488.9 2023 yearly 1970 - 2023
Foreign Direct Investment: % of GDP (%) 11.5 2023 yearly 1970 - 2023
Foreign Portfolio Investment (USD mn) -4,153.446 2023 yearly 1996 - 2023
Foreign Portfolio Investment: % of GDP (%) -3.8 2023 yearly 1996 - 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 287.9 2022 yearly 1974 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -2,389.077 2022 yearly 1974 - 2022
Forecast: Current Account Balance (USD bn) 2.660 2029 yearly 1980 - 2029
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 2021 yearly 2017 - 2021
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liab... (USD mn) 0.000 2021 yearly 2017 - 2021
BoP: Current Account: Transfers (OMR mn) -3,774.000 2017 yearly 1996 - 2017
Foreign Direct Investment: Oil and Gas (OMR mn) 19,523.800 2023 yearly 2005 - 2023
Foreign Direct Investment: Construction (OMR mn) 466.600 2023 yearly 2005 - 2023
Foreign Direct Investment: Manufacturing (OMR mn) 2,163.200 2023 yearly 2005 - 2023
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 1,035.700 2023 yearly 2005 - 2023
Foreign Direct Investment: Financial Intermediation (OMR mn) 1,347.600 2023 yearly 2005 - 2023
Foreign Direct Investment: United Kingdom (OMR mn) 12,679.300 2023 yearly 2005 - 2023
Foreign Direct Investment: India (OMR mn) 354.500 2023 yearly 2005 - 2023
Foreign Direct Investment: United States of America (OMR mn) 4,325.100 2023 yearly 2005 - 2023
Foreign Direct Investment: United Arab Emirates (OMR mn) 998.600 2023 yearly 2005 - 2023
Foreign Direct Investment: Kuwait (OMR mn) 1,147.600 2023 yearly 2005 - 2023
No of Registered Enterprises (Unit) 338,094.000 2021 yearly 1999 - 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) 18,016.385 Aug 2024 monthly Jan 1999 - Aug 2024
Money Supply M2 (USD mn) 63,342.523 Aug 2024 monthly Jan 1999 - Aug 2024
M2 Growth (%) 12.4 Aug 2024 monthly Jan 2000 - Aug 2024
Reserve Requirement Ratio (%) 5.0 Sep 2024 monthly Jun 2006 - Sep 2024
Foreign Exchange Reserves (USD mn) 16,061.4 Aug 2024 monthly Apr 1970 - Aug 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) 542.003 Aug 2024 monthly Dec 1969 - Aug 2024
Total Deposits (USD mn) 64,280.889 Aug 2024 monthly Jan 2000 - Aug 2024
Total Deposits Growth (%) 10.1 Aug 2024 monthly Jan 2001 - Aug 2024
Domestic Credit (USD mn) 69,776.6 Aug 2024 monthly Dec 1999 - Aug 2024
Domestic Credit Growth (%) 4.6 Aug 2024 monthly Dec 2000 - Aug 2024
Total Loans (USD mn) 64,964.109 Aug 2024 monthly Dec 1998 - Aug 2024
Total Loans Growth (%) 1.75 Aug 2024 monthly Dec 1999 - Aug 2024
Private Debt: % of Nominal GDP (%) 48.74 Jun 2024 quarterly Dec 2005 - Jun 2024
Domestic Assets (OMR mn) 17,044.100 Aug 2024 monthly Dec 1999 - Aug 2024
Money Supply (OMR mn) 24,355.200 Aug 2024 monthly Jan 1999 - Aug 2024
Money Supply: Quasi Money (OMR mn) 17,427.900 Aug 2024 monthly Jan 1999 - Aug 2024
Deposits: Private Sector (OMR mn) 16,447.700 Aug 2024 monthly Jan 1999 - Aug 2024

More Indicators for Oman

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