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CompareEconomy.com Comparison of world economies

Oman

World Rank 100 2.04 Oman flag svg
Capital
Area
Currency
Muscat
309,500 km 2
Rial (OMR)

Table of Contents

Introduction

The Sultanate of Oman is a nation located in the Arabian Peninsula, in its southeastern coast. It is one of the oldest independent states in the Arab world. Due to its strategic location in Western Asia, it is one of the most important trading partners for many crucial nations around the world. The capital and largest city in the nation is Muscat.

Economy

Because of its location, Oman's economy has always been incredibly powerful. However, there was a crisis in 2015-2017 that influenced a lot of nations in the Middle East and North Africa, and it also influenced Oman's economy. As a result, their GDP dropped by almost 20%. However, as of 2019, it was around $142 billion.

Because of its low population, their GDP per capita is significantly higher than the average in this region. However, it also dropped in recent years from around $40,000 up to $28,500 in 2019. 

Population

At the area of 309,500 square kilometres there are approximately 4.9 million citizens. As a result, their density is very low - at the level of 15 Omanis per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#63 (2021)
88,191,977,373 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#28 (2021)
9,821,991,417 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#161 (2021)
2.51 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)