Oman's GNI (current LCU) was 38.82 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 14.2% from 33.99 billion in 2014 (1.34% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 38.82 billion | 2024 |
| Five years earlier | 31.59 billion | 2019 |
| Ten years earlier | 33.99 billion | 2014 |
| Highest | 38.82 billion | 2024 |
| Lowest | 15.8 million | 1960 |
| Average since 2015 | 32.68 billion | 2015–2024 |
| First recorded | 15.8 million |
What the numbers say
In 2024, Oman's GNI (current LCU) rose 0.6% on 2023 (from 38.58 billion to 38.82 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +7.6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 338.6% in 1974 and the biggest yearly fall was 21.6% 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 2015 to 2024 the straight-line trend is upward, about 1.16 billion a year. A straight line explains 61% 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 2024, Oman had the 9th highest value of the 16 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 2024 ranking
- French Polynesia — 5th of 16: 773.67 billion
- Macao SAR, China — 6th of 16: 392.81 billion
- Kuwait — 7th of 16: 59.49 billion
- Faroe Islands — 9th of 16: 28.42 billion
- Bahamas, The — 10th of 16: 15.2 billion
- Bermuda — 11th of 16: 9.49 billion
What this measures
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | GNI (current LCU) |
|---|---|
| 2024 | 38,823,293,100 |
| 2023 | 38,579,495,200 |
| 2022 | 38,649,043,100 |
| 2021 | 31,278,040,700 |
| 2020 | 27,175,524,700 |
| 2019 | 31,590,776,600 |
| 2018 | 33,265,147,400 |
| 2017 | 29,965,601,000 |
| 2016 | 28,092,471,400 |
| 2015 | 29,400,044,100 |
| 2014 |
GNI (current LCU) in nearby economies
- Afghanistan — 1.27 trillion (2024)
- Algeria — 37.06 trillion (2025)
- Bahrain — 16.99 billion (2025)
- Djibouti — 841.97 billion (2025)
- Egypt, Arab Rep. — 17.35 trillion (2025)
- Iran, Islamic Rep. — 268,740 trillion (2025)
- Iraq — 331.24 trillion (2025)
- Israel — 2.08 trillion (2025)
- Jordan — 43.07 billion (2025)
- Kuwait — 59.49 billion (2024)
- Lebanon — 2,300.5 trillion (2024)
- Libya — 264.81 billion (2025)
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)
Reading data like this
Questions people ask
- What is Oman's GNI (current LCU)?
- 38.82 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 245,617% from 15.8 million in 1960 (12.97% a year on average, compounded). The highest value was 38.82 billion in 2024 and the lowest 15.8 million in 1960.
- How does Oman rank?
- 9th highest of 16 economies with data for 2024.
- Is the latest change in GNI (current LCU) unusual for Oman?
- In 2024, Oman's GNI (current LCU) rose 0.6% on 2023 (from 38.58 billion to 38.82 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GNP.MKTP.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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