The Gross Domestic Product (GDP) in Oman contracted 0.90 percent in 2017 from the previous year. GDP Annual Growth Rate in Oman averaged 5.12 percent from 2000 until 2017, reaching an all time high of 13.10 percent in 2008 and a record low of -0.90 percent in 2017.

Oman GDP Annual Growth Rate
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Oman GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.90 5.00 13.10 -0.90 percent [+]
GDP 72.64 66.82 81.08 0.04 USD Billion [+]
GDP Constant Prices 27750.10 25694.00 27750.10 2185.00 OMR Million [+]
Gross Fixed Capital Formation 7847.70 8166.40 8517.30 1681.10 OMR Million [+]
GDP per capita 16144.40 16962.30 19408.60 713.70 USD [+]
GDP per capita PPP 37960.70 39884.00 45636.00 35042.10 USD [+]
Gross National Product 26098.30 24602.00 29525.80 2098.00 OMR Million [+]
GDP From Agriculture 529.40 494.80 529.40 168.20 OMR Million [+]
GDP From Construction 2109.20 2285.10 2285.10 159.00 OMR Million [+]
GDP From Manufacturing 2663.40 2449.30 3279.50 252.00 OMR Million [+]
GDP From Mining 151.50 131.00 151.50 19.10 OMR Million [+]
GDP From Public Administration 3652.10 3708.10 3708.10 646.40 OMR Million [+]
GDP From Services 14254.90 13794.90 14254.90 2825.80 OMR Million [+]
GDP From Transport 1623.80 1482.10 1623.80 325.10 OMR Million [+]
GDP From Utilities 571.70 540.90 571.70 67.70 OMR Million [+]


Oman GDP Annual Growth Rate

Oman's economy relies heavily on oil production. The petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. However, as oil reserved have been shrinking in recent years the government has embarked on a process of economic diversification focused on development of tourism and gas based industries. This page provides the latest reported value for - Oman GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Oman GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 5.00 13.10 -0.90 2000 - 2017 percent Yearly
2000=100




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