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Trading Basics

Oman

Capital
Muscat
Region
Middle East, North Africa, Afghanistan & Pakistan
Income group
High income
Population
5.5 million (2025)

At a glance

  • Prices in Oman rose 1.0% in 2025, slower than in most countries.
  • Oman's economy grew 2.4% in 2025, slower than most economies.
  • Output per person in Oman was US$19,947 in 2025, higher than in most countries.
  • 3.3% of Oman's labour force had no job in 2025, a lower share than in most countries.
  • Oman had 5.5 million people in 2025: about less than 0.1% of everyone on Earth, the 120th largest population of 217 countries and territories.
  • Oman had a current account deficit of 1.1% of GDP in 2025, close to the middle of the range worldwide.

Consumer prices, change over the year (yearly average)

1.0%
World median 3.0%

Since 2001

Show the numbers
Inflation in Oman and the world median, last ten years
YearOmanWorld median
20251.0%3.0%
20240.6%3.0%
20231.0%5.7%
20222.5%8.0%
20211.7%3.5%
2020−0.4%1.9%
20190.5%2.2%
20180.9%2.5%
20171.6%2.3%
20161.1%1.6%

Real GDP, change over the year

2.4%
World median 3.4%

Since 2000

Show the numbers
Economic growth in Oman and the world median, last ten years
YearOmanWorld median
20252.4%3.4%
20241.6%3.4%
20231.4%3.2%
20228.0%4.3%
20212.6%5.1%
2020−3.4%−3.8%
2019−1.1%2.8%
20181.3%3.2%
20170.3%3.3%
20165.1%3.1%

GDP divided by population, in US dollars at current prices

US$19,947
World median US$7,882

Since 2000

Show the numbers
GDP per person in Oman and the world median, last ten years
YearOmanWorld median
2025US$19,947US$7,882
2024US$20,285US$7,853
2023US$21,028US$7,862
2022US$23,224US$7,656
2021US$19,403US$7,269
2020US$16,785US$6,433
2019US$19,180US$7,037
2018US$19,902US$6,978
2017US$17,820US$6,548
2016US$17,110US$5,982

Share of the labour force without a job (ILO modelled estimate)

3.3%
World median 5.1%

Since 2000

Show the numbers
Unemployment in Oman and the world median, last ten years
YearOmanWorld median
20253.3%5.1%
20243.2%5.1%
20233.2%5.2%
20223.3%5.3%
20211.9%6.0%
20202.9%6.4%
20192.1%5.4%
20181.8%5.4%
20172.5%5.6%
20163.3%5.9%

Everyone living in the country, mid-year

5.5 million

Since 2000

Show the numbers
Population in Oman and the world median, last ten years
YearOman
20255.5 million
20245.3 million
20235.0 million
20224.7 million
20214.5 million
20204.5 million
20194.6 million
20184.6 million
20174.5 million
20164.4 million

Current account balance, % of GDP

−1.1%
World median −0.8%

Since 2000

Show the numbers
Current account balance in Oman and the world median, last ten years
YearOmanWorld median
2025−1.1%−0.8%
20243.6%−1.3%
20232.0%−1.2%
20223.7%−3.0%
2021−5.5%−2.4%
2020−16.6%−1.7%
2019−4.9%−2.1%
2018−4.9%−2.9%
2017−13.6%−2.1%
2016−16.6%−2.8%

No recent World Bank figure for Oman: government debt.

About these figures

All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Oman since 2000 or since its first figure.

Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.