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Trade openness — all countries

Trade openness — Oman

Trade openness in Oman in 2024 — 114.85%. Ranked 42 in the world out of 172. Since 1967, the indicator has risen by 58.67 pp.

2024 114.85% +8.41 pp vs 2023
World rank 42of 172
Period maximum 123.02%1973
Period minimum 56.19%1967

Trend over time

1967–2024 · % of GDP

Trade openness — Oman, 1967–2024406080100120140196719731979198519911997200320092015202120241967: 56.19%1968: 84.88%1969: 86.5%1970: 93.35%1971: 97.92%1972: 103.13%1973: 123.02%1974: 121.48%1975: 118.24%1976: 108.3%1977: 102.34%1978: 107.05%1979: 101.78%1980: 100.31%1981: 102.78%1982: 101.7%1983: 91.72%1984: 87.86%1985: 87.01%1986: 80.17%1987: 77.94%1988: 71.36%1990: 61.24%1991: 62.71%1992: 64.73%1993: 65.08%1994: 62.69%1995: 64.15%1996: 69.39%1997: 71.59%1998: 80.48%1999: 76.61%2000: 81.41%2001: 84.53%2002: 83.65%2003: 84.85%2004: 88.61%2005: 86.76%2006: 86.15%2007: 94.87%2008: 94.76%2009: 91.63%2010: 96.39%2011: 101.64%2012: 102.07%2013: 112.54%2014: 102.28%2015: 96.38%2016: 82.86%2017: 88.95%2018: 89.28%2019: 86.48%2020: 91.88%2021: 95.95%2022: 105.75%2023: 106.45%2024: 114.85%
Change over the period: +58.67 pp Annual average: 1.03 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Oman

Oman 114.85%
World 56.72%
Middle East & North Africa 61.06%
Western Asia computed 64.3%
High-income countries computed 59.77%
Trade openness — Oman, by year Oman All countries CSV XLSX
Year % Change, pp
2024 114.85 +8.41 pp
2023 106.45 +0.7 pp
2022 105.75 +9.8 pp
2021 95.95 +4.07 pp
2020 91.88 +5.4 pp
2019 86.48 −2.8 pp
2018 89.28 +0.33 pp
2017 88.95 +6.09 pp
2016 82.86 −13.51 pp
2015 96.38 −5.9 pp
2014 102.28 −10.26 pp
2013 112.54 +10.47 pp
2012 102.07 +0.43 pp
2011 101.64 +5.26 pp
2010 96.39 +4.76 pp
2009 91.63 −3.13 pp
2008 94.76 −0.1 pp
2007 94.87 +8.72 pp
2006 86.15 −0.62 pp
2005 86.76 −1.85 pp
2004 88.61 +3.76 pp
2003 84.85 +1.19 pp
2002 83.65 −0.87 pp
2001 84.53 +3.11 pp
2000 81.41 +4.8 pp
1999 76.61 −3.87 pp
1998 80.48 +8.89 pp
1997 71.59 +2.2 pp
1996 69.39 +5.24 pp
1995 64.15 +1.46 pp
1994 62.69 −2.39 pp
1993 65.08 +0.35 pp
1992 64.73 +2.02 pp
1991 62.71 +1.48 pp
1990 61.24 —
1988 71.36 −6.59 pp
1987 77.94 −2.23 pp
1986 80.17 −6.84 pp
1985 87.01 −0.85 pp
1984 87.86 −3.86 pp
1983 91.72 −9.98 pp
1982 101.7 −1.08 pp
1981 102.78 +2.46 pp
1980 100.31 −1.46 pp
1979 101.78 −5.27 pp
1978 107.05 +4.7 pp
1977 102.34 −5.96 pp
1976 108.3 −9.94 pp
1975 118.24 −3.24 pp
1974 121.48 −1.54 pp
1973 123.02 +19.9 pp
1972 103.13 +5.2 pp
1971 97.92 +4.57 pp
1970 93.35 +6.85 pp
1969 86.5 +1.62 pp
1968 84.88 +28.69 pp
1967 56.19 —

Western Asia, 2024

The same indicator for neighboring countries — with links to their pages

CY Cyprus 190.4 BH Bahrain 157.48 AM Armenia 150.06 OM Oman 114.85 GE Georgia 103.46 KW Kuwait 93.99 AZ Azerbaijan 82.57 LB Lebanon 82.23 IQ Iraq 77.14 PS Palestine 74.59 SA Saudi Arabia 56.4 TR Türkiye 54.6 IL Israel 54.38
Full table for all countries

About the indicator

The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Oman

Trade Merchandise trade (% of GDP)

Merchandise exports plus imports as a percent of GDP — without services.

Oman by year Trade Exports (% of GDP)

How far the economy is oriented toward external markets.

Oman by year Trade Imports (% of GDP)

How far the economy depends on supplies from abroad.

Oman by year Trade Trade balance

The difference between exports and imports of goods and services. A minus means imports are larger.

Oman by year
All indicators for Oman