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World Factbook

Oman

Saltanat Uman

Last updated: 2026-03-28 (today)

Budget

revenues

$29.334 billion (2018 est.)

expenditures

$35.984 billion (2018 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$46.572 billion (2021 est.)

Exports 2022

$69.483 billion (2022 est.)

Exports 2023

$64.749 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$37.216 billion (2021 est.)

Imports 2022

$46.682 billion (2022 est.)

Imports 2023

$47.412 billion (2023 est.)

Industries

crude oil production and refining, natural and liquefied natural gas production; construction, cement, copper, steel, chemicals, optic fiber

Labor force

2.696 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: excludes indebtedness of state-owned enterprises

Public debt 2017

46.9% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0% of GDP (2021 est.)

Remittances 2022

0% of GDP (2022 est.)

Remittances 2023

0% of GDP (2023 est.)

Exchange rates

Currency

Omani rials (OMR) per US dollar -

Exchange rates 2020

0.384 (2020 est.)

Exchange rates 2021

0.384 (2021 est.)

Exchange rates 2022

0.384 (2022 est.)

Exchange rates 2023

0.384 (2023 est.)

Exchange rates 2024

0.384 (2024 est.)

Economic overview

high-income, oil-based economy; large welfare system; growing government debt; citizenship-based labor force growth policy; US free trade agreement; diversifying portfolio; high female labor force participation

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3.3% (2022 est.)

Unemployment rate 2023

3.2% (2023 est.)

Unemployment rate 2024

3.2% (2024 est.)

Exports - partners

China 43%, India 6%, Saudi Arabia 5%, UAE 5%, South Africa 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

UAE 25%, Saudi Arabia 12%, India 8%, China 7%, Qatar 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$39,800 (2022 est.)

Real GDP per capita 2023

$37,700 (2023 est.)

Real GDP per capita 2024

$36,700 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

8% (2022 est.)

Real GDP growth rate 2023

1.2% (2023 est.)

Real GDP growth rate 2024

1.7% (2024 est.)

Agricultural products

vegetables, dates, milk, tomatoes, sorghum, chillies/peppers, goat milk, cucumbers/gherkins, cantaloupes/melons, cabbages (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

crude petroleum, refined petroleum, natural gas, semi-finished iron, fertilizers (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, cars, crude petroleum, iron ore, iron pipes (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

-$4.836 billion (2021 est.)

Current account balance 2022

$4.362 billion (2022 est.)

Current account balance 2023

$2.638 billion (2023 est.)

GDP (official exchange rate)

$106.943 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

37.8% (2023 est.)

government consumption

19.1% (2023 est.)

investment in inventories

2.4% (2023 est.)

investment in fixed capital

24.3% (2023 est.)

exports of goods and services

61.1% (2023 est.)

imports of goods and services

-44.8% (2023 est.)

Average household expenditures

on food

18.7% of household expenditures (2023 est.)

on alcohol and tobacco

0.1% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2021

1.7% (2021 est.)

Inflation rate (consumer prices) 2022

2.5% (2022 est.)

Inflation rate (consumer prices) 2023

1% (2023 est.)

Industrial production growth rate

0.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$188.169 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$190.403 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$193.591 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

11% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

13.9% (2024 est.)

female

30.9% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$17.606 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$17.455 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$18.287 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

54.2% (2024 est.)

services

46.5% (2024 est.)

agriculture

2.6% (2024 est.)