What is the GDP of Oman?

Oman's GDP is approximately $107.1 billion USD. The GDP growth rate is 1.6%.

What is the population of Oman?

Oman has a population of approximately 5.3 million people. The population growth rate is 4.5%.

What is the inflation rate in Oman?

The inflation rate in Oman is 0.6%.

What is the unemployment rate in Oman?

The unemployment rate in Oman is 3.3%.

What is the GDP per capita of Oman?

Oman's GDP per capita is approximately $20,285 USD.

Is Oman a good country to invest in?

Oman has an investment score of 65/100, classified as "Moderate" risk. Key sectors include Oil & Gas, Logistics & Ports, Tourism. Credit rating: NR.

How open is Oman's economy to trade?

Oman's trade openness (trade as % of GDP) is 115%. Exports total approximately $70.8B and imports $52.3B.

How much foreign investment does Oman attract?

Foreign direct investment (FDI) in Oman is 11.6% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Oman?

Oman's economy is composed of services (46% of GDP), industry (54% of GDP), and agriculture (3% of GDP).

Can I start a business in Oman as a foreigner?

Oman offers various options for foreign entrepreneurs. Visit our business setup guide for Oman for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Oman's economy growing?

Oman's GDP growth rate is 1.6%. The economy is growing at a moderate pace.

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Oman Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Middle East & North AfricaHigh IncomeCapital: MuscatOMN

Moderate

Growing

107.1B USD

GDP (Nominal)

Growing at 1.6%

$20,285

GDP Per Capita

High income level

5.3M

Population

+4.5% annual growth

Stable

0.6%

Inflation

Price stability

115%of GDP

Trade Openness

Strong

11.6%of GDP

FDI Inflows

Public Debt

Low

3.3%

Unemployment

Surplus

+$18.5B

Trade Balance

GDP

Billion USD, nominal

$107.1B

2024+1.0B

GDP Growth

Annual %

1.6%

2024+0.2%

Inflation

Consumer prices, annual %

0.6%

2024-0.4%

Population

Millions

5.3M

2024+0.2M

Economic Structure

Services46%

Industry54%

Agriculture3%

Investment Score Breakdown

Economic Health (30%)62

Political Safety (25%)58

Business Climate (20%)68

Financial Strength (15%)65

Growth Potential (10%)62

Key Sectors

Oil & Gas

28% of GDP

declining

Logistics & Ports

8% of GDP

growing

Tourism

5% of GDP

growing

Mining

4% of GDP

stable

Should I Invest in Oman?

BuySetup: DifficultROI: Moderate

Oman scores 65/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 2.5%. Business setup takes approximately 217 days with a corporate tax rate of 15%.

Investment Score65/100

GDP Growth2.5%

Inflation1.8%

FDI/GDP3.8%

Public Debt42.5%

Political Stability0.4

Corporate Tax15%

Ease of Business#68

Strengths

+Favorable business climate with reasonable regulation
+Low inflation (1.8%) - stable pricing environment
+100% foreign ownership allowed - no local partner required
+Low corporate tax rate (15%)
+Zero capital gains tax
+No dividend withholding tax - easy profit repatriation

Risks

-High severance costs (4 weeks/year) - expensive to restructure

Best For

Digital businesses and SaaSHolding companies and regional HQs

Also Consider

Saudi Arabia

Same region, similar income level

Bahrain

Same region, similar income level

Kuwait

Same region

Greece

Similar investment score

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