HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Oman
flag — Oman
Nation by Nation

Oman

Economy

$107.1 billion
GDP
World Bank · 2024
$20,285
GDP / Capita
World Bank · 2024
+1.6%
GDP Growth
World Bank · 2024
3.2%
Unemployment
World Bank · 2024

Oman is a high-income Gulf economy dependent on oil and gas, though with smaller reserves than some neighbors, prompting an active push to diversify into tourism, logistics, and manufacturing.

Strategically positioned at the mouth of the Persian Gulf, Oman has long pursued a careful, neutral foreign policy and is developing ports and industry to prepare for a post-oil future.

Key Sectors

The economy is led by oil and natural gas, with growing investment in logistics and ports, tourism, mining, and fisheries as the country diversifies.

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