Oman Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Oman's government debt to gdp was 35.05% in 2025, ranked 140th globally. This represents a 1.3% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Oman's government debt to gdp stood at 35.05% in 2025, a decline of +0.47% from 2024. The IMF projects 35.05% by 2025. Oman ranked 140th globally.
Oman's government debt-to‑GDP ratio has risen from 17.78 % in 1990 to 35.05 % in 2025, placing it 140th in the world according to the IMF World Economic Outlook. The ratio more than doubled during the COVID‑19 crisis, reaching an all‑time peak of 67.90 % in 2020, before falling back to the current level after fiscal consolidation and higher oil revenues. The lowest point came in 2008, when debt was just 3.20 % of GDP, reflecting the pre‑crisis fiscal prudence of a resource‑rich economy. Oman’s 2025 figure is comparable to its regional peer Iran (35.58 %) and to Georgia (34.23 %), indicating a moderate debt burden relative to peers with similar size and economic structure. With oil production expected to stabilize and diversification initiatives gaining momentum, the debt ratio is likely to drift modestly lower, provided fiscal discipline is maintained and external shocks remain limited.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 28.84% | - | - |
| 2029* IMF | 29.47% | - | - |
| 2028* IMF | 29.80% | - | - |
| 2027* IMF | 31.32% | - | - |
| 2026* IMF | 33.02% | - | - |
| 2025* IMF | 35.05% | - | - |
| 2025 | 35.05% | −0.47% | #140 |
| 2024 | 35.52% | −1.97% | #43 |
| 2023 | 37.49% | −4.19% | #46 |
| 2022 | 41.67% | −20.20% | #59 |
| 2021 | 61.87% | −6.03% | #104 |
| 2020 | 67.90% | +15.44% | #113 |
| 2019 | 52.46% | +7.77% | #103 |
| 2018 | 44.69% | +4.59% | #84 |
| 2017 | 40.11% | +10.77% | #68 |
| 2016 | 29.34% | +15.48% | #40 |
| 2015 | 13.86% | +9.82% | #12 |
| 2014 | 4.04% | −0.62% | #7 |
| 2013 | 4.66% | +0.07% | #7 |
| 2012 | 4.59% | +0.14% | #7 |
| 2011 | 4.44% | −1.02% | #4 |
Detected Pattern
Analysis
Oman matched the Export Boom Cycle pattern in 2013. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Oman's government debt to gdp was 35.05% in 2025. Ranked 140th globally. This represents a 1.3% decrease from the previous year.
Oman's government debt to gdp peaked at 67.90% in 2020.
The lowest government debt to gdp in Oman was 3.20% in 2008.
Oman ranks 140th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Oman's government debt to gdp is projected to reach 35.05% by 2025 based on IMF projection.
The government debt to gdp of Oman in 2025 was 35.05%. This ranks 140th in the world.
Cite this page
@misc{historysaid_oman_government-debt-to-gdp,
title = {Oman Government Debt to GDP},
url = {https://historysaid.com/oman/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}