Oman

1980

2026

2030

1980

2026

2030

Oman Economic Statistics (2026)

GDP per capita (PPP) in 2026: $43,302—an upper-middle income level.

The economy has grown at an average rate of 3.4% over the past 5 years.

The government runs a fiscal surplus, providing room for future investment or debt reduction.

GDP per capita (PPP)

$43,302

GDP growth

+4.0%

Inflation rate

1.5%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $109 billion, with steady growth of 4.0% in 2026.

Average economic output per person

GDP per capita is $19,182 in nominal terms, but $43,302 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 1.5% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is moderate at 33% of GDP. The government collects more than it spends (revenue: 28.1%, expenditure: 27.1% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal surplus of 1.0% and a current account deficit of 0.7% of GDP.

Oman has an upper-middle income economy with GDP per capita (PPP) of $43k. The government is running a fiscal surplus.