Oil rents as a share of GDP in Oman
Oman: Oil rents as a share of GDP was 23.5% in 2021. ▼ Falling
Oil rents as a share of GDP in Oman, 1970–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2021, oil rents as a share of gdp in Oman stood at 23.5%.
The figure is up 57.0% on the previous year and down 41.7% over ten years.
Over the whole period, oil rents as a share of gdp in Oman peaked at 79.3% in 1979 and was at its lowest, 15.0%, in 2020.
That places Oman 7th out of 199 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 52 years of available data.
Oil rents as a share of GDP in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 43.4% | — |
| 1971 | 43.5% | +0.2% |
| 1972 | 43.8% | +0.5% |
| 1973 | 51.8% | +18.3% |
| 1974 | 63.7% | +23.1% |
| 1975 | 58.3% | -8.6% |
| 1976 | 56.1% | -3.7% |
| 1977 | 52.3% | -6.7% |
| 1978 | 49.4% | -5.6% |
| 1979 | 79.3% | +60.6% |
| 1980 | 55.0% | -30.6% |
| 1981 | 46.6% | -15.2% |
| 1982 | 37.5% | -19.5% |
| 1983 | 41.1% | +9.5% |
| 1984 | 38.9% | -5.4% |
| 1985 | 40.0% | +3.0% |
| 1986 | 30.5% | -23.9% |
| 1987 | 40.9% | +34.3% |
| 1988 | 33.9% | -17.2% |
| 1989 | 44.4% | +30.9% |
| 1990 | 49.6% | +11.9% |
| 1991 | 31.8% | -36.0% |
| 1992 | 31.7% | -0.1% |
| 1993 | 31.5% | -0.9% |
| 1994 | 28.7% | -8.6% |
| 1995 | 30.9% | +7.4% |
| 1996 | 36.2% | +17.2% |
| 1997 | 32.0% | -11.5% |
| 1998 | 22.5% | -29.6% |
| 1999 | 31.1% | +38.2% |
| 2000 | 44.5% | +42.8% |
| 2001 | 36.3% | -18.4% |
| 2002 | 33.5% | -7.6% |
| 2003 | 33.3% | -0.6% |
| 2004 | 36.8% | +10.4% |
| 2005 | 42.8% | +16.4% |
| 2006 | 40.8% | -4.9% |
| 2007 | 37.8% | -7.2% |
| 2008 | 37.9% | +0.3% |
| 2009 | 30.5% | -19.5% |
| 2010 | 32.6% | +6.7% |
| 2011 | 40.4% | +24.1% |
| 2012 | 37.5% | -7.1% |
| 2013 | 36.0% | -4.1% |
| 2014 | 31.7% | -12.0% |
| 2015 | 18.9% | -40.4% |
| 2016 | 16.3% | -13.8% |
| 2017 | 19.3% | +18.6% |
| 2018 | 23.7% | +22.8% |
| 2019 | 21.6% | -8.8% |
| 2020 | 15.0% | -30.6% |
| 2021 | 23.5% | +57.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 54.2% | 43.4% | 79.3% | 10 |
| 1980s | 40.9% | 30.5% | 55.0% | 10 |
| 1990s | 32.6% | 22.5% | 49.6% | 10 |
| 2000s | 37.4% | 30.5% | 44.5% | 10 |
| 2010s | 27.8% | 16.3% | 40.4% | 10 |
| 2020s | 19.3% | 15.0% | 23.5% | 2 |
Countries ranked near Oman
More energy & mining data for Oman
- Fuel imports 23.9% (2024)
- Ores and metals imports 6.7% (2024)
- Ores and metals exports 5.5% (2024)
- Gas production 456.14 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 83,014 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 456.14 terawatt-hours (2025)
- Gas production per person 83,014 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0.0001 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0.0001 terawatt-hours per person (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Oman?
- Oil rents as a share of gdp in Oman was 23.5% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Oman?
- The highest recorded value was 79.3% in 1979.
- What is the lowest oil rents as a share of gdp recorded in Oman?
- The lowest recorded value was 15.0% in 2020.
- How does Oman rank for oil rents as a share of gdp?
- Oman ranks 7th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Oman?
- Over the last ten years it is down 41.7%. The long-run trend across the full record is falling.
- Where does this Oman data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.