Oman' economy grew by 5.1 percent year-on-year in the second quarter of 2026, accelerating from a 2.4 percent expansion in the previous quarter and marking the strongest growth since the fourth quarter of 2022. source: National Center for Statistics & Information - Oman

GDP Annual Growth Rate in Oman averaged 2.86 percent from 1999 until 2026, reaching an all time high of 10.10 percent in the second quarter of 2012 and a record low of -7.40 percent in the second quarter of 2020. 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 - values, historical data and charts - was last updated on October of 2026.

GDP Annual Growth Rate in Oman is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman GDP Annual Growth Rate is projected to trend around 2.10 percent in 2027 and 3.40 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP 109.60 107.14 USD Billion Dec 2025
GDP Annual Growth Rate 5.10 2.40 percent Jun 2026
GDP Constant Prices 9889.10 9654.40 OMR Million Jun 2026
GDP from Agriculture 325.00 298.40 OMR Million Jun 2026
GDP from Construction 702.00 821.40 OMR Million Jun 2026
GDP from Manufacturing 900.70 884.80 OMR Million Jun 2026
GDP from Mining 58.90 57.80 OMR Million Jun 2026
GDP from Public Administration 886.30 903.40 OMR Million Jun 2026
GDP from Services 4652.30 4721.40 OMR Million Jun 2026
GDP from Transport 809.30 803.20 OMR Million Jun 2026
GDP from Utilities 283.30 214.00 OMR Million Jun 2026
GDP per Capita 17074.18 17347.29 USD Dec 2025
GDP per Capita PPP 36142.94 36721.08 USD Dec 2025
Gross Fixed Capital Formation 9686.30 9137.60 OMR Million Dec 2025
Gross National Product 38823.30 38579.50 OMR Million Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 2.40 10.10 -7.40 1999 - 2026 percent Quarterly
2018=100