National Debt (% of GDP): Oman
Oman's national debt (% of gdp) is currently 33.0% as of 2026. # Oman National Debt (% of GDP) Oman's national debt stands at 33% of GDP in 2026, reflecting a dramatic recovery from its all-time peak of 67.
Current (2026)
33.0%
-6.0% y/y
Peak (2020)
67.9%
Low (2008)
3.2%
Source
IMF World Economic Outlook
1990–2026 · 41 pts
National Debt (% of GDP) — Oman
1990 — 2026
National Debt (% of GDP) — Oman
Analysis# Oman National Debt (% of GDP)
Oman's national debt stands at 33% of GDP in 2026, reflecting a dramatic recovery from its all-time peak of 67.9% in 2020. The current level remains substantially higher than the 3.2% recorded in 2008, representing an 85.4% increase since 1990. Despite this long-term deterioration, the trajectory over the past six years demonstrates significant fiscal consolidation.
The 2020 debt spike coincided with global oil price collapse and pandemic-related spending pressures, pushing debt to unsustainable levels. Since that peak, Oman has aggressively reduced its debt burden, declining by 35 percentage points in just six years. The consistent downward trend from 2021 onwards—falling from 61.9% to 33%—signals sustained fiscal discipline. Projections indicate continued stabilization, with debt expected to remain in the low-to-mid 30s range through 2026.
Historical Data
41 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 28.8% | -2.37% |
| 2029 | 29.5% | -1.01% |
| 2028 | 29.8% | -4.79% |
| 2027 | 31.3% | -5.15% |
| 2026 | 33.0% | -5.98% |
| 2025 | 35.1% | -1.13% |
| 2024 | 35.5% | -5.33% |
| 2023 | 37.5% | -10.07% |
| 2022 | 41.7% | -32.63% |
| 2021 | 61.9% | -8.84% |
| 2020 | 67.9% | +29.33% |
| 2019 | 52.5% | +17.45% |
| 2018 | 44.7% | +11.47% |
| 2017 | 40.1% | +36.86% |
| 2016 | 29.3% | +110.79% |
| 2015 | 13.9% | +247.50% |
| 2014 | 4.0% | -14.89% |
| 2013 | 4.7% | +2.17% |
| 2012 | 4.6% | +4.55% |
| 2011 | 4.4% | -20.00% |
Show all 41 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 5.5% | -5.17% |
| 2009 | 5.8% | +81.25% |
| 2008 | 3.2% | -27.27% |
| 2007 | 4.4% | -42.11% |
| 2006 | 7.6% | -9.52% |
| 2005 | 8.4% | -42.07% |
| 2004 | 14.5% | +11.54% |
| 2003 | 13.0% | -18.24% |
| 2002 | 15.9% | -29.33% |
| 2001 | 22.5% | +3.69% |
| 2000 | 21.7% | -24.91% |
| 1999 | 28.9% | -6.47% |
| 1998 | 30.9% | +48.56% |
| 1997 | 20.8% | -1.89% |
| 1996 | 21.2% | -3.20% |
| 1995 | 21.9% | -7.20% |
| 1994 | 23.6% | +6.31% |
| 1993 | 22.2% | -3.90% |
| 1992 | 23.1% | +2.21% |
| 1991 | 22.6% | +26.97% |
| 1990 | 17.8% | — |
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