Oman: Adjusted net national income (constant 2015 US$)

Key figures

What the numbers say

In 2021, Oman's adjusted net national income (constant 2015 US$) fell 3.4% on 2020 (from US$57.43 billion to US$55.48 billion).

Across the 22 yearly changes before that (1999 to 2020), the average change was +6.6% and a typical year strayed about 9% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 27.5% in 2006 and the biggest yearly fall was 6.1% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$1.32 billion a year. A straight line explains 71% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Oman had the 59th highest value of the 135 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Oman in the 2021 ranking

• Guatemala — 56th of 135: US$64.08 billion
• Costa Rica — 57th of 135: US$57.17 billion
• Côte d'Ivoire — 58th of 135: US$56.01 billion
• Bulgaria — 60th of 135: US$55.24 billion
• Tanzania — 61st of 135: US$54.79 billion
• Libya — 62nd of 135: US$52.68 billion

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 24 values

Adjusted net national income (constant 2015 US$) in nearby economies

• Algeria — US$137.38 billion (2021)
• Bahrain — US$23.69 billion (2020)
• Egypt, Arab Rep. — US$343.75 billion (2021)
• Iran, Islamic Rep. — US$310.97 billion (2021)
• Iraq — US$162.54 billion (2021)
• Israel — US$324.03 billion (2021)
• Kuwait — US$122.76 billion (2019)
• Lebanon — US$24.09 billion (2021)
• Libya — US$52.68 billion (2021)
• Morocco

More economic policy & debt data for Oman

• GDP (current US$) — US$109.61 billion (2025)
• GDP (current LCU) — 42.14 billion (2025)
• GDP (constant 2015 US$) — US$93.82 billion (2025)
• GDP (constant LCU) — 39.3 billion (2025)
• GDP per capita (current US$) — US$19,947 (2025)
• GDP per capita (current LCU) — 7,670 (2025)
• GDP per capita (constant 2015 US$) — US$17,074 (2025)
• GDP per capita (constant LCU) — 7,151 (2025)
• Agriculture, forestry, and fishing, value added (current US$) — US$3.08 billion (2025)
• Agriculture, forestry, and fishing, value added (current LCU) — 1.18 billion (2025)
• Agriculture, forestry, and fishing, value added (% of GDP)

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Questions people ask

What is Oman's adjusted net national income (constant 2015 US$)?

US$55.48 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is up 268.62% from US$15.05 billion in 1998 (5.84% a year on average, compounded). The highest value was US$61.25 billion in 2018 and the lowest US$14.56 billion in 2000.

How does Oman rank?

59th highest of 135 economies with data for 2021.

Is the latest change in adjusted net national income (constant 2015 US$) unusual for Oman?

In 2021, Oman's adjusted net national income (constant 2015 US$) fell 3.4% on 2020 (from US$57.43 billion to US$55.48 billion). Across the 22 yearly changes before that (1999 to 2020), the average change was +6.6% and a typical year strayed about 9% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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