Omani economy's historical indicators
Oman's economy achieved its highest growth rate in the Gulf region in 2026, with a Gross Domestic Product (GDP) reaching $120 billion. This milestone reflects significant accomplishments driven by diversified revenues from non-oil sectors. Oman generated approximately $5.3 billion in non-oil revenues, with current revenues increasing by 13% in the first quarter, indicating progress in restructuring public finances. These results align with Oman Vision 2040 and serve as a strong indicator of the economy's ability to transition toward diversifying income sources. Expectations include credit rating upgrades, increased employment opportunities, and improved living standards in the future.
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