Oman's economy, valued at $109.99 billion, relies heavily on oil, alongside gas, construction, and chemicals. Industry and services dominate, with agriculture minimal. Growth is projected to rise under Vision 2040's diversification plan. Exports include petroleum and fish, while imports cover machinery and food. Challenges include oil price volatility and public debt. Recent developments, like the Khazzan gas project and Duqm Zone investments, aim to reduce oil dependence. Upgrades to investment-grade status signal optimism for Oman's economic diversification and infrastructure growth.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Oman GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 107 |
| 2023 | 106 |
| 2022 | 110 |
| 2021 | 87 |
| 2020 | 76 |
| 2019 | 88 |
| 2018 | 92 |
| 2017 | 81 |
| 2016 | 75 |
| 2015 | 79 |
| 2014 | 93 |
| 2013 | 90 |
| 2012 | 87 |
| 2011 | 78 |
| 2010 | 65 |