Oil rents in Oman
Oman: Oil rents was 23.5% in 2021. ▼ Falling
Oil rents in Oman, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Oman recorded 23.5% for oil rents in 2021.
Compared with earlier readings it is up 57.0% on the previous year and down 41.7% over ten years.
Over the whole period, oil rents in Oman peaked at 79.3% in 1979 and was at its lowest, 15.0%, in 2020.
Oman ranks 7th of 200 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 52 years of available data.
Oil rents 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
- 4 Angola 28.3% compare
- 5 Kuwait 27.6% compare
- 6 Saudi Arabia 23.7% compare
- 8 Guyana 22.1% compare
- 9 Azerbaijan 21.0% compare
- 10 Iran, Islamic Republic of 18.3% compare
More energy & mining data for Oman
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 6.23 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0.0001 terawatt-hours per person (2025)
- Fuel imports 23.9% (2024)
Frequently asked questions
- What is oil rents in Oman?
- Oil rents in Oman was 23.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Oman?
- The highest recorded value was 79.3% in 1979.
- What is the lowest oil rents recorded in Oman?
- The lowest recorded value was 15.0% in 2020.
- How does Oman rank for oil rents?
- Oman ranks 7th out of 200 countries with data for 2021.
- Is oil rents 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 (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.