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Oman real GDPOO

Oman real GDP

38.28 BOMRR
+495.1 M
OMR
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OMGDPCP chart


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Key data points


Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
‪38.28 B‬ OMR on Dec 31, 2023
Lowest
‪2.19 B‬ OMR on Dec 31, 1980

About Oman real GDP


Category
GDP
Source
Ministry of National Economy
Frequency
Annual
Units
OMR

Oman in figures — see more economic indicators tied to OMGDPCP.
OMGDP
R
GDP
108.81 BUSD
OMGDPA
R
GDP From Agriculture
966.4 MOMR
OMGDPC
R
GDP From Construction
2.77 BOMR
OMGDPCP
R
Real GDP
38.28 BOMR
OMGDPMAN
R
GDP From Manufacturing
3.78 BOMR
OMGDPMIN
R
GDP From Mining
229.3 MOMR
OMGDPPA
R
GDP From Public Administration
3.89 BOMR
OMGDPPC
R
GDP Per Capita
18.1 KUSD
OMGDPPCP
R
GDP Per Capita PPP
38.31 KUSD
OMGDPS
R
GDP From Services
19.42 BOMR
OMGDPT
R
GDP From Transport
2.44 BOMR
OMGDPU
R
GDP From Utilities
976.4 MOMR
OMGDPYY
R
GDP Growth
1.6%
OMGFCF
R
Gross Fixed Capital Formation
9.91 BOMR
OMGNP
R
Gross National Product
38.71 BOMR

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
In 2023 Oman real GDP was 38.28 B OMR, and the year before it reached 37.78 B OMR.