Oman GDP

The Gross Domestic Product (GDP) in Oman was worth 76.46 billion US dollars in 2012. The GDP value of Oman represents 0.12 percent of the world economy. GDP in Oman is reported by the The World Bank Group. From 1960 until 2012, Oman GDP averaged 14.4 USD Billion reaching an all time high of 76.5 USD Billion in December of 2012 and a record low of 0.0 USD Billion in December of 1960. Oman is one of the world´s biggest oil producing countries and oil and natural gas extraction account for 51 percent of GDP. The services sector represents 37 percent of the wealth. Within services the largest segments are: wholesale and retail trade (8 percent of GDP); public administration and defense (7 percent) and transport, storage and communication (6.8 percent). Manufacturing and mining contribute for 6 percent of GDP, construction and electricity and water distribution for 5 percent and agriculture for the remaining 1 percent. This page provides - Oman GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
76.46 71.78 76.46 0.04 90.18 | 2014/06 1960 - 2012 USD Billion Yearly

TO

Oman GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 29797.70 2012-06-29 26904.20 29797.70 2185.00 35584.70 2014-06-30 OMR Million [+]
Gross Fixed Capital Formation 4941.20 2011-06-30 4579.20 4941.20 1162.80 4971.37 2011-12-31 OMR Million [+]
GDP 76.46 2012-12-31 71.78 76.46 0.04 90.18 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 5.00 2012-12-31 4.50 13.10 2.00 2.01 2013-12-31 Percent [+]
GDP per capita 14404.78 2011-12-31 14735.33 15145.11 1262.14 13655.98 2014-06-30 USD [+]
GDP per capita PPP 23833.91 2011-12-31 24380.84 25058.85 10047.41 22594.96 2014-06-30 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Oman Changes in Inventories at -832.10 OMR Million  
Changes in Inventories in Oman decreased to -832.10 OMR Million in 2011 from -825.30 OMR Million in 2010. Changes in Inventories in Oman is reported by the Ministry of National Economy, Oman.
Oman Consumer Price Index (CPI) at 101.30 Index Points  
Consumer Price Index (CPI) in Oman decreased to 101.30 Index Points in February of 2014 from 101.90 Index Points in January of 2014. Consumer Price Index (CPI) in Oman is reported by the Ministry of National Economy, Oman.
Oman Crude Oil Production at 945.00 Thousands Barrels per Day  
Crude Oil Production in Oman decreased to 945 Thousands Barrels per Day in December of 2013 from 950 Thousands Barrels per Day in November of 2013. Crude Oil Production in Oman is reported by the U.S. Energy Information Administration.
Oman Foreign Exchange Reserves at 6993.30 OMR Million  
Foreign Exchange Reserves in Oman increased to 6993.30 OMR Million in March of 2014 from 6564.30 OMR Million in February of 2014. Foreign Exchange Reserves in Oman is reported by the Central Bank of Oman.
Oman GDP Current Prices at 29797.70 OMR Million  
GDP Constant Prices in Oman increased to 29797.70 OMR Million in 2012 from 26904.20 OMR Million in 2011. GDP Constant Prices in Oman is reported by the Ministry Of National Economy, Oman.
Oman Government Budget Value at 144.00 OMR Million  
Oman recorded a government budget surplus of 144 OMR Million in February of 2014. Government Budget Value in Oman is reported by the Ministry Of National Economy, Oman.
Oman Government Spending at 3298.80 OMR Million  
Government Spending in Oman increased to 3298.80 OMR Million in 2011 from 3071.50 OMR Million in 2010. Government Spending in Oman is reported by the Ministry of National Economy, Oman.
Oman Gross Fixed Capital Formation at 4941.20 OMR Million  
Gross Fixed Capital Formation in Oman increased to 4941.20 OMR Million in 2011 from 4579.20 OMR Million in 2010. Gross Fixed Capital Formation in Oman is reported by the Ministry Of National Economy, Oman.
Oman Current Account at 3131.00 OMR Million  
Oman recorded a Current Account surplus of 3131 OMR Million in 2012. Current Account in Oman is reported by the Central Bank of Oman.
Oman Exports at 1851.60 OMR Million  
Exports in Oman increased to 1851.60 OMR Million in December of 2013 from 1838 OMR Million in November of 2013. Exports in Oman is reported by the National Center for Statistics & Information - Oman.
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