Oman GDP Growth Rate (2026)
Oman has a Gulf economy supported by oil, natural gas, logistics, tourism, manufacturing, and services. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+3.5%
Annual real GDP growth
World Rank
#75
Out of 195 countries
Change vs 2025
+1.1 pp
2025: +2.4%
Asia Rank
#25
Out of 49 countries
1. Oman GDP Growth Rate in 2026
Omani economic growth is influenced by energy production, government spending, investment, tourism, and expanding non-oil industries. Oil-market conditions remain particularly important.
2. Oman GDP Growth Rate Trends (1980–2026)
Oman’s growth history has been closely linked to hydrocarbon development and public investment. Diversification efforts have gradually expanded logistics, tourism, manufacturing, and services.
3. Oman GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +3.5% | +1.1 pp |
| 2025 | +2.4% | +0.8 pp |
| 2024 | +1.6% | +0.2 pp |
| 2023 | +1.4% | -6.6 pp |
| 2022 | +8.0% | +5.4 pp |
| 2021 | +2.6% | +6.0 pp |
| 2020 | -3.4% | -2.3 pp |
| 2019 | -1.1% | -2.4 pp |
| 2018 | +1.3% | +1.0 pp |
| 2017 | +0.3% | -4.7 pp |
| 2016 | +5.0% | 0.0 pp |
| 2015 | +5.0% | +3.7 pp |
| 2014 | +1.3% | -3.9 pp |
| 2013 | +5.2% | -3.7 pp |
| 2012 | +8.9% | +6.0 pp |
| 2011 | +2.9% | +0.4 pp |
| 2010 | +2.5% | -3.5 pp |
| 2009 | +6.0% | -2.9 pp |
| 2008 | +8.9% | +3.9 pp |
| 2007 | +5.0% | +0.3 pp |
| 2006 | +4.7% | +1.9 pp |
| 2005 | +2.8% | +0.8 pp |
| 2004 | +2.0% | +4.2 pp |
| 2003 | -2.2% | -1.4 pp |
| 2002 | -0.8% | -5.4 pp |
| 2001 | +4.6% | -1.6 pp |
| 2000 | +6.2% | +5.9 pp |
| 1999 | +0.3% | -2.4 pp |
| 1998 | +2.7% | -3.5 pp |
| 1997 | +6.2% | +3.3 pp |
| 1996 | +2.9% | -1.9 pp |
| 1995 | +4.8% | +1.0 pp |
| 1994 | +3.8% | -2.3 pp |
| 1993 | +6.1% | -2.4 pp |
| 1992 | +8.5% | +2.5 pp |
| 1991 | +6.0% | -2.4 pp |
| 1990 | +8.4% | +5.4 pp |
| 1989 | +3.0% | -2.2 pp |
| 1988 | +5.2% | +9.2 pp |
| 1987 | -4.0% | -6.1 pp |
| 1986 | +2.1% | -12.4 pp |
| 1985 | +14.5% | +0.6 pp |
| 1984 | +13.9% | -2.0 pp |
| 1983 | +15.9% | +4.4 pp |
| 1982 | +11.5% | -5.6 pp |
| 1981 | +17.1% | +11.0 pp |
| 1980 | +6.1% | — |
4. Oman GDP Growth Performance
Current Growth Rate
+3.5%
(2026 to 2026)
5-Year Average
+3.4%
(2022 to 2026)
10-Year Average
+1.7%
(2017 to 2026)
20-Year Average
+3.4%
(2007 to 2026)
The economy benefits from energy resources and strategic investment in ports, tourism, and industry. Fiscal reforms and diversification are helping improve resilience.
5. Oman GDP Growth Rate vs Asia and World
Oman
+3.5%
Asia Average
+2.4%
World Average
+2.8%
0.0%
1.7%
3.5%
Annual real GDP growth (%)
Oman’s GDP growth rate is approximately
1.1 pp
above the
Asia average
and
0.6 pp
above the world average.
6. Oman GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #21 | Lebanon | +4.0% |
| #22 | Pakistan | +3.7% |
| #23 | Israel | +3.5% |
| #24 | Singapore | +3.5% |
| #25 | Oman | +3.5% |
| #26 | Turkey | +3.4% |
| #27 | United Arab Emirates | +3.1% |
| #28 | Saudi Arabia | +3.1% |
| #29 | North Korea | +3.1% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Oman
Oman GDP (Nominal)
$117.2 Billion
(2026)
Oman GDP Growth Rate
+3.5%
(2026)
Oman’s growth can differ from global trends because oil production changes have a significant impact on output. Non-oil development is gradually reducing that dependence.
Explore more:
Oman GDP
9. Oman GDP Growth Rate Forecast
The outlook depends on energy markets, investment, tourism, logistics, and diversification. Oil-price volatility and fiscal pressures remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +3.4% | -0.1 pp |
| 2028 | +3.7% | +0.3 pp |
| 2029 | +3.5% | -0.2 pp |
| 2030 | +3.3% | -0.2 pp |
10. Oman GDP Growth Rate: Key Findings
Oman GDP growth rate is estimated at +3.5% in 2026.
It ranks #75 globally and #25 in Asia by annual GDP growth rate.
The growth rate accelerated by 1.1 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.4%.
The 10-year average GDP growth rate is +1.7%.
The current rate is 1.1 percentage points above the Asia average.
The current rate is 0.6 percentage points above the world average.
The forecast GDP growth rate is +3.3% in 2030, 0.2 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Oman GDP Growth Rate FAQs
Oman GDP growth rate is estimated at +3.5% in 2026.
Oman ranks #75 globally and #25 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +3.5% in 2026.
Oman GDP growth rate was +5.0% in 2015.
Oman GDP growth rate is 1.1 percentage points above the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.