As the graph below shows, over the past 58 years this indicator reached a maximum value of 8,126.90 in 2008 and a minimum value of 28.64 in 1960. Following a recovery of 2.2% in 2018, Oman’s real GDP growth is estimated to decelerate to 0.3% in 2019 as oil production remains capped by the OPEC+ production cut agreement. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | News. World … Oman does not publish official house price statistics. Though Oman GDP per capita based on PPP fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 47,366 international dollars in 2019. Oman Coronavirus Cases at 127931.00 Persons, Oman Coronavirus Deaths at 1489.00 Persons, Oman Capital Flows at 1345.00 OMR Million, Oman Central Bank Balance Sheet at 7887.20 OMR Million, Oman Changes in Inventories at -806.70 OMR Million, Oman CPI Housing & Utilities at 104.20 points, Oman Competitiveness Index at 63.61 Points, China Shanghai Composite Rise 0.6% in Early Trade, Australia Private Credit Rises 0.1% MoM in November, US Crude Stocks Rise for 6th Straight Week. In the long-term, the Oman GDP per capita is projected to trend around 14615.00 USD in 2021 and 15150.00 USD in 2022, according to our econometric models. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. The lowest data : 1988 is the lowest year for the indicator : GDP per capita (US $). Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The GDP per capita varies drastically worldwide. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. Dollars) The economy likely recovered in Q3, after Covid-19 restrictions weighed on activity in Q2. GDP per Capita in Oman (with a population of 4,665,928 people) was $15,876 in 2017, a decrease of $817 from $16,692 in 2016; this represents a change of … Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Publish your articles and forecasts in our website. CSV XML EXCEL. Oman: GDP/cap growth, 5 years (%). See how Oman ranks in US News Best Countries. Oman GDP per capita is updated Yearly, is measured in USD and is calculated by World Bank. It grew 339% in the 1960s reaching a peak growth of 1,370% in the 1970s scaling back to modest 13% growth in the 1980s and rising again to 34% in the 1990s. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Oman gdp per … Oman GDP (Gross Domestic Product) was INT$188.71billion for 2019 in PPP terms. What is GDP per capita? Statistics and historical data on GDP growth rate, per capita PPP, constant prices. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The economy likely recovered in Q3, after Covid-19 restrictions weighed on activity in Q2. Data. Oman gdp per capita for 2019 was $15,474, a 5.73% decline from 2018. Oman’s economy has been in the moderately free category for 25 years. GDP growth over the past half-decade has been steady but unremarkable. The latest comprehensive information for - Oman GDP per capita PPP - including latest news, historical data table, charts and more. Value & Rank The GDP per Capita (PPP) of Oman is 29,800 ($) with a global rank of 43. AssetMacro Database holds data for the indicator Oman GDP per capita since 1960. Le ultime informazioni esaustive per - OmanGDP per capita - incluse ultime notizie, tabella dei dati storici, grafici e altro. The Gross Domestic Product per capita in Oman was last recorded at 27896.30 US dollars in 2019, when adjusted by purchasing power parity (PPP). However, the new sultan's plans to accelerate economic diversification will be constrained by the impact of the coronavirus (Covid-19) pandemic, sharply lower oil prices and global economic volatility. Oman GDP Per Capita reached 16,529.408 USD in Dec 2019, compared with … The economy of Oman is rural and agrarian. Oman: GDP per capita. Oman : Table - GDP per capita (US $) In brief. Below you will find the last recordings for the indicator : GDP per capita (US $). If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The GDP per Capita, in Oman, when adjusted by Purchasing Power Parity is equivalent to 157 percent of the world's average. Despite daily crude oil output and energy exports averaging lower in Q3 than in Q2, natural gas production hit record highs. Oman gdp for 2018 was $79.28B, a 12.29% increase from 2017. Oman - GDP per capita - actual values, historical data, forecasts and projections were … Definition: GNI per capita is gross national income divided by midyear population. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Annual GDP Growth (%) Oman. Find Out . As of January 2018, Oman has sufficient foreign assets to support its currency’s fixed exchange rates. In 2016, low global oil prices drove Oman’s budget deficit to $13.8 billion, or approximately 20% of GDP, but the budget deficit is estimated to have reduced to 12% of GDP in 2017 as Oman reduced government subsidies. Direct access to our calendar releases and historical data. The analysed country is : Oman. The forecasted gross domestic product growth in Oman for 2021 was three percent, compared to minus 2.3 percent in 2020 following the COVID-19 pandemic. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Flexible monthly access to CEIC data The gross domestic product of a country is dependent upon the country’s economic standing and overall profits compared to expenses. GDP per capita is gross domestic product divided by midyear population. Haitham bin Tariq al-Said ascended to the throne after the death of Sultan Qaboos in January 2020. Oman gdp for 2019 was $76.98B, a 2.89% decline from 2018. The Trading Economics Application Programming Interface (API) provides direct access to our data. Please check your download folder. Oman compared to other Countries The GDP per Capita (PPP) of Oman is similar to that of Saudi Arabia, Faeroe Islands, New Zealand, Spain, United Arab Emirates, Bahrain, Italy, Malta, Turks and Caicos Islands, Guam with a respective GDP per Capita (PPP) of 31,300, 30,500, 30,400, 30,100, 29,900, … Oman from The World Bank: Data. Data are in current U.S. dollars. Download historical data for 20 million indicators using your browser. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. Please check your download folder. Structure of Oman GDP: from … The description is … GDP per capita (current US$) - Oman from The World Bank: Data. (see Data FAQs) Source: IMF World Economic Outlook Database Oman - GDP per capita (U.S. The Central Bank of Oman has general economics statistics. 17,791 (US dollars) in 2019 Oman GDP per capita was at level of 17,791 US dollars in 2019, down from 18,970 US dollars previous year, this is a change of 6.21%. ... CO2 emissions (metric tons per capita) Details. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. GDP $79.3 billion. GDP per capita (current US$) in Oman was reported at 16415 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Oman's current GDP per capita has expanded continuously in the past fifty years. Of these, petroleum production represents around 25% of GDP and 63% of the government's revenue. Oman gdp for 2017 was $70.60B, a 7.82% increase from 2016. Oman Economic Outlook. In 2019, GDP per capita based on PPP for Oman was 47,366 international dollars. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Oman GDP Value was 76.98 USD Billion in 2020. Lower hydrocarbon production is estimated to weigh on the contribution of the sector to GDP growth this year, contracting it to an estimated 1.1%, from a growth of 3.1% in 2018. The description is composed by our digital data assistant. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP per capita in Oman is expected to reach 14430.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. GDP is the total value of all goods and services produced in a country in a year. As the graph below shows, over the past 58 years this indicator reached a maximum value of 8,512.69 in 2008 and a minimum value of 28.64 in 1960. GDP Growth Rate in 2017 was -0.27%, representing a change of -693,888,166 US$ over 2016, when Real GDP was $74,768,270,221. November 3, 2020. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Oman gdp for 2016 was $65.48B, a 4.27% decline from 2015. The per capita of gross national income decreased by 15.5 percent in 2015 to register OMR6,242 against OMR7,385 in 2014. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Agriculture The result is: 4,217 $ US. GDP per capita (current US$) - Oman from The World Bank: Data It records an increase from the last reported number of 17,791.026 USD in Dec 2019. GDP per capita (current LCU) The value for GDP per capita (current LCU) in Oman was 6,311.63 as of 2018. ... GDP Per Capita, PPP $47,933. Download Historical Data for Oman GDP per capita and 20,000+ other macroeconomic datasets covering 120 countries using our web platform, Excel or Python API. Despite daily crude oil output and energy exports averaging lower in Q3 than in Q2, natural gas production hit record highs. GNI per capita (current LCU) The value for GNI per capita (current LCU) in Oman was 6,284.52 as of 2018. 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