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Oman
Oman
HistorySaid – pattern
Oman matched the Export Boom Cycle pattern in 2013. 12 pattern matches detected historically. View →
HistorySaid – ranking
Oman ranks 123rd globally by GDP ($107.1B in 2024). View →
HistorySaid – inflation
Inflation in Oman fell from 1.0% (2023) to 0.6% (2024) – a 0.4pp shift. View →
HistorySaid – population
Oman has a population of 5.3 million as of 2024 (growth: 4.60%). View →
Economy & Growth
GDP $107.1B
GDP per Capita $20,285
GDP Growth 1.63%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 2.11% | 2.42% | 2.60% | 2.49% Trend | 2.51% Trend | 2.54% Trend | – | – | – |
| GDP | $109.9B | $106.2B | $107.1B | $105.2B IMF WEO Oct 2025 | $108.9B IMF WEO Oct 2025 | $114.2B IMF WEO Oct 2025 | $120.3B IMF WEO Oct 2025 | $126.9B IMF WEO Oct 2025 | $133.4B IMF WEO Oct 2025 |
| GDP Deflator | 16.50% | -4.70% | -0.71% | 3.48% Trend | 3.81% Trend | 4.14% Trend | – | – | – |
| GDP Growth | 7.99% | 1.41% | 1.63% | 2.89% IMF WEO Oct 2025 | 4.00% IMF WEO Oct 2025 | 3.74% IMF WEO Oct 2025 | 4.07% IMF WEO Oct 2025 | 3.83% IMF WEO Oct 2025 | 3.57% IMF WEO Oct 2025 |
| GDP PPP | $201.6B | $211.8B | $220.5B | $232.2B IMF WEO Oct 2025 | $245.9B IMF WEO Oct 2025 | $259.4B IMF WEO Oct 2025 | $274.3B IMF WEO Oct 2025 | $289.8B IMF WEO Oct 2025 | $305.8B IMF WEO Oct 2025 |
| GDP per Capita | $23,224 | $21,028 | $20,285 | $19,119 IMF WEO Oct 2025 | $19,182 IMF WEO Oct 2025 | $19,485 IMF WEO Oct 2025 | $19,893 IMF WEO Oct 2025 | $20,327 IMF WEO Oct 2025 | $20,708 IMF WEO Oct 2025 |
| GDP per Capita PPP | $42,616 | $41,945 | $41,740 | $42,211 IMF WEO Oct 2025 | $43,302 IMF WEO Oct 2025 | $44,260 IMF WEO Oct 2025 | $45,360 IMF WEO Oct 2025 | $46,436 IMF WEO Oct 2025 | $47,475 IMF WEO Oct 2025 |
| GNI | $100.5B | $100.3B | $101.0B | $114.6B Trend | $122.6B Trend | $130.6B Trend | – | – | – |
| GNI per Capita | $19,270 | $19,950 | $19,520 | $20,778 Trend | $21,448 Trend | $22,118 Trend | – | – | – |
| Gross Savings | 31.28% | 28.95% | 27.71% | 25.48% IMF WEO Oct 2025 | 26.58% IMF WEO Oct 2025 | 28.88% IMF WEO Oct 2025 | 29.76% IMF WEO Oct 2025 | 30.11% IMF WEO Oct 2025 | 30.33% IMF WEO Oct 2025 |
| Industry Value Added | 59.49% | 55.37% | 54.17% | 58.86% Trend | 60.61% Trend | 62.36% Trend | – | – | – |
| Services Value Added | 42.33% | 45.30% | 46.01% | 41.00% Trend | 38.82% Trend | 36.63% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 0.59%
Consumer Price Index 120.10
PPP Conversion Factor 0.19
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 118.27 | 119.40 | 120.10 | 122.51 Trend | 124.24 Trend | 125.97 Trend | – | – | – |
| Inflation Rate | 2.51% | 0.95% | 0.59% | 0.90% IMF WEO Oct 2025 | 1.50% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 0.21 | 0.19 | 0.19 | 0.20 Trend | 0.20 Trend | 0.20 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 5.3M
Population Growth 4.50%
Population Density 16.3
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| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 16.8 | – | – | 15.2 Trend | 14.6 Trend | – | – |
| Death Rate | 1.9 | – | – | 2.0 Trend | 2.0 Trend | – | – |
| Dependency Ratio | 38.67 | 37.66 | – | 37.76 Trend | 37.17 Trend | 36.58 Trend | – |
| Fertility Rate | 2.53 | – | – | 2.37 Trend | 2.31 Trend | – | – |
| Life Expectancy | 80.0 | – | – | 78.5 Trend | 78.5 Trend | – | – |
| Net Migration | 156,285 | 154,219 | 113,734 | – | 172,138 Trend | 179,745 Trend | 187,353 Trend |
| Population | 5.0M | 5.3M | – | 5.4M Trend | 5.6M Trend | 5.9M Trend | – |
| Population Density | 16.3 | – | – | 16.6 Trend | 16.9 Trend | – | – |
| Population Growth | 6.53% | 4.50% | – | 8.51% Trend | 10.41% Trend | 12.32% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 79.57% | 79.44% | – | 79.32% Trend | 79.15% Trend | 78.98% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 3.25%
Youth Unemployment 13.89%
Labor Force Participation 68.38%
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| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 6.14% | 6.05% | 5.95% | 5.92% Trend | 5.86% Trend | 5.80% Trend |
| Female Labor Participation | 30.32% | 30.06% | 29.96% | 30.16% Trend | 30.16% Trend | 30.17% Trend |
| Industry Employment | 39.72% | 39.50% | 39.44% | 39.12% Trend | 38.90% Trend | 38.67% Trend |
| Labor Force Participation | 68.33% | 68.29% | 68.38% | 69.37% Trend | 69.90% Trend | 70.42% Trend |
| Services Employment | 54.14% | 54.44% | 54.62% | 54.95% Trend | 55.24% Trend | 55.53% Trend |
| Unemployment Rate | 3.18% | 3.20% | 3.25% | – | – | – |
| Youth Unemployment | 13.59% | 13.52% | 13.89% | 15.49% Trend | 16.35% Trend | 17.20% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Military Spending 5.59%
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | 10.53% | 6.87% | 3.31% | 0.41% IMF WEO Oct 2025 | 1.00% IMF WEO Oct 2025 | 2.25% IMF WEO Oct 2025 | 3.39% IMF WEO Oct 2025 | 3.91% IMF WEO Oct 2025 | 4.27% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 41.67% | 37.49% | 35.52% | 35.05% IMF WEO Oct 2025 | 33.02% IMF WEO Oct 2025 | 31.32% IMF WEO Oct 2025 | 29.80% IMF WEO Oct 2025 | 29.47% IMF WEO Oct 2025 | 28.84% IMF WEO Oct 2025 |
| Government Revenue | 41.45% | 34.34% | 32.00% | 28.86% IMF WEO Oct 2025 | 28.08% IMF WEO Oct 2025 | 28.37% IMF WEO Oct 2025 | 28.24% IMF WEO Oct 2025 | 27.87% IMF WEO Oct 2025 | 27.25% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 3.07% | 3.49% | – | 2.89% Trend | 2.62% Trend | – | – | – | – |
| Military Spending | 5.26% | 5.53% | 5.59% | 4.42% Trend | 3.82% Trend | 3.22% Trend | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
▾
Money
Lending Rate 5.50%
Deposit Rate 4.15%
Real Interest Rate -5.92%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Credit to GDP | 68.19% | 55.79% | 59.75% | 52.46% Trend | 49.31% Trend |
| Deposit Rate | 4.15% | – | – | – | – |
| Lending Rate | 5.50% | – | – | – | – |
| M2 Money Supply Growth | – | – | – | – | – |
| Non-Performing Loans | – | – | – | – | – |
| Real Interest Rate | -5.92% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 0.38
Foreign Reserves $18.3B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 0.38 | 0.38 | 0.38 | 0.38 Trend | 0.38 Trend | 0.38 Trend |
| Foreign Reserves | $17.6B | $17.5B | $18.3B | $18.9B Trend | $19.3B Trend | $19.8B Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 3.7 | 3.8 | 3.7 | 3.3 Trend | 3.0 Trend | 2.7 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $70.8B
Imports $52.3B
Trade Balance $18.5B
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| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | 3.65% | 2.29% | 2.86% | -1.02% IMF WEO Oct 2025 | -0.72% IMF WEO Oct 2025 | 0.58% IMF WEO Oct 2025 | 1.46% IMF WEO Oct 2025 | 1.81% IMF WEO Oct 2025 | 2.03% IMF WEO Oct 2025 |
| Exports | $69.1B | $65.4B | $70.8B | $84.2B Trend | $93.1B Trend | $102.0B Trend | – | – | – |
| FDI Inflows | 6.26% | 11.82% | 11.64% | 14.46% Trend | 16.46% Trend | 18.47% Trend | – | – | – |
| FDI Outflows | -0.28% | -0.17% | -0.13% | 0.06% Trend | 0.10% Trend | 0.14% Trend | – | – | – |
| Imports | $46.7B | $47.6B | $52.3B | $57.7B Trend | $62.4B Trend | $67.2B Trend | – | – | – |
| Remittances Received | $39.0M | $39.0M | $39.0M | $39.0M Trend | $39.0M Trend | $39.0M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $22.8B | $17.8B | $18.5B | $26.6B Trend | $30.9B Trend | $35.1B Trend | – | – | – |
| Trade Openness | 105.75% | 106.45% | 114.85% | 119.91% Trend | 125.55% Trend | 131.20% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 20.27%
Stock Turnover Ratio 10.39%
Listed Companies 110
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| Indicator | 2020 | 2021 | 2022 | 2025 |
|---|---|---|---|---|
| Interest Rate Spread | 1.43% | 1.35% | – | – |
| Listed Companies | 111 | 110 | 110 | 110 Trend |
| Market Capitalization | 21.71% | 21.65% | 20.27% | 21.57% Trend |
| Stock Turnover Ratio | 6.32% | 8.86% | 10.39% | 8.76% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.59
Government Effectiveness 0.27
Regulatory Quality 0.43
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.06 | 0.05 | 0.22 | -0.03 Trend | -0.09 Trend |
| Government Effectiveness | -0.16 | 0.02 | 0.27 | 0.11 Trend | 0.12 Trend |
| Political Stability | 0.43 | 0.53 | 0.59 | 0.55 Trend | 0.57 Trend |
| Regulatory Quality | 0.32 | 0.43 | 0.43 | 0.50 Trend | 0.53 Trend |
| Rule of Law | 0.38 | 0.50 | 0.61 | 0.55 Trend | 0.56 Trend |
| Voice and Accountability | -1.19 | -1.15 | -1.00 | -1.01 Trend | -0.98 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $732
Infant Mortality Rate 8.4
Maternal Mortality Ratio 13.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $843 | $712 | $732 | $718 Trend | $704 Trend |
| Hospital Beds | 1.15 | 1.05 | 0.99 | 0.96 Trend | 0.93 Trend |
| Infant Mortality Rate | 8.6 | 8.5 | 8.4 | 8.3 Trend | 8.2 Trend |
| Maternal Mortality Ratio | 74.00 | 13.00 | 13.00 | 20.80 Trend | 18.70 Trend |
| Physicians | 2.01 | 1.99 | – | 1.88 Trend | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 97.34%
Tertiary Enrollment 43.84%
Education Spending 4.30%
▾
| Indicator | 2020 | 2021 | 2022 | 2025 |
|---|---|---|---|---|
| Education Spending | 6.88% | – | 4.30% | 4.52% Trend |
| Literacy Rate | 96.90% | – | 97.34% | 99.56% Trend |
| Primary Enrollment | 90.64% | 89.20% | 89.25% | 77.48% Trend |
| Tertiary Enrollment | 48.38% | 43.84% | – | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 0.10%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | 5,933 | 5,867 | – | 6,367 Trend | – |
| Forest Area | 0.01% | 0.01% | 0.01% | 0.01% Trend | 0.01% Trend |
| Renewable Energy | 0.10% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 95.25%
Mobile Subscriptions 135.22
R&D Spending 0.37%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 7.62% | 5.01% | – | 8.30% Trend | 8.91% Trend | – |
| Internet Users | 95.25% | 95.25% | 95.25% | 95.26% Trend | 95.26% Trend | 95.27% Trend |
| Mobile Subscriptions | 136.80 | 135.22 | – | 133.30 Trend | 132.34 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | 0.28% | 0.37% | – | 0.36% Trend | 0.38% Trend | – |
Italic values are IMF World Economic Outlook projections.
Inequality
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