Oman: Trade (% of GDP)
In , Oman's Trade (% of GDP) was 114.85.
That's up 7.9% from 2023, the highest value on record.
The global average for this indicator in 2024 was 92.19 . Oman ranks #40 globally out of 160 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #5 of 16.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 114.85
- Trough
- 82.86
- 1-year change
- +7.9%
- 5-year change
- +32.8%
- +5.8% / yr
- 10-year change
- +12.3%
- +1.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 114.8527 | |
| 106.4467 | |
| 105.7450 | |
| 95.9495 | |
| 91.8759 | |
| 86.4782 | |
| 89.2792 | |
| 88.9531 | |
| 82.8643 | |
| 96.3776 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Oman's Trade (% of GDP) in 2024?
- In 2024, Oman's Trade (% of GDP) was 114.85, according to World Bank Open Data.
- Is Oman's Trade (% of GDP) rising or falling?
- Oman's Trade (% of GDP) rose 7.9% from 2023 to 2024.
- How does Oman rank globally on Trade (% of GDP)?
- In 2024, Oman ranked #40 out of 160 countries reporting Trade (% of GDP).
- How does Oman's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Oman is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #5 of 16.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.