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Economy of El Salvador vs Oman compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $107B for Oman, ranking 105/197 and 70/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $38B (35.5% of GDP) in Oman.

El Salvador vs Oman GDP by year

El Salvador
Oman
1x
Year GDP, current $
El Salvador Oman
2024 $35,364,960,000 $107,137,198,769
2023 $33,853,940,000 $106,174,708,037
2022 $31,870,120,000 $109,852,795,839
2021 $29,043,140,000 $87,323,797,139
2020 $24,921,190,000 $75,909,492,848
2019 $26,881,140,000 $88,060,858,257
2018 $26,020,850,000 $91,505,851,756
2017 $24,979,190,000 $80,856,697,009
2016 $24,191,430,000 $75,128,738,622
2015 $23,438,240,000 $78,710,793,238
2014 $22,593,470,000 $92,699,089,727
2013 $21,990,960,000 $89,936,020,806
2012 $21,386,150,000 $87,408,842,653
2011 $20,283,780,000 $77,497,529,259
2010 $18,447,920,000 $64,993,498,049
2009 $17,601,620,000 $55,454,096,229
2008 $17,986,890,000 $69,804,681,404
2007 $17,011,750,000 $48,300,390,117
2006 $15,999,890,000 $42,577,633,290
2005 $14,698,000,000 $35,506,892,068
2004 $13,724,810,900 $28,378,933,680
2003 $13,243,892,200 $24,733,680,104
2002 $12,664,190,300 $23,065,539,662
2001 $12,282,533,600 $22,205,721,717
2000 $11,784,927,700 $22,259,557,867
1999 $11,284,197,000 $17,832,769,831
1998 $10,936,669,900 $16,044,213,264
1997 $10,221,705,900 $18,039,791,938
1996 $9,586,327,800 $17,402,080,624
1995 $8,921,947,100 $15,722,236,671
1994 $7,679,384,000 $14,715,214,564
1993 $6,680,269,200 $14,230,429,129
1992 $5,813,399,300 $14,183,615,085
1991 $5,252,342,400 $12,918,335,501
1990 $4,817,542,204 $13,310,273,082
1989 $4,372,215,300 $9,372,171,651
1988 $4,189,880,000 $8,386,215,865
1987 $3,958,045,800 $7,811,183,095
1986 $3,771,663,200 $7,324,167,369
1985 $3,800,368,600 $10,005,645,420
1984 $3,661,683,400 $8,821,443,151
1983 $3,506,347,800 $7,932,541,691
1982 $3,399,189,100 $7,554,719,456
1981 $3,437,200,200 $7,259,120,151
1980 $3,573,959,900 $5,981,760,278
1979 $3,463,639,900 $3,733,352,635
1978 $3,127,960,000 $2,740,301,390
1977 $2,941,640,100 $2,741,169,948
1976 $2,328,280,100 $2,560,220,035
1975 $1,884,120,100 $2,096,699,189
1974 $1,665,880,000 $1,645,917,776
1973 $1,442,320,000 $483,066,991
1972 $1,263,720,000 $366,883,548
1971 $1,186,120,000 $301,010,587
1970 $1,132,920,000 $256,319,795
1969 $1,049,400,000 $239,999,808
1968 $1,009,760,100 $188,879,849
1967 $976,200,000 $107,151,832
1966 $929,520,000 $67,759,973
1965 $877,720,000 $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/oman | CC BY

GDP per capita in El Salvador vs Oman by year

El Salvador
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $20,285 $41,740
2023 $5,365 $12,680 $21,028 $41,945
2022 $5,075 $11,876 $23,224 $42,616
2021 $4,643 $10,810 $19,403 $38,719
2020 $3,997 $9,393 $16,785 $35,163
2019 $4,320 $9,757 $19,180 $37,251
2018 $4,184 $9,204 $19,902 $37,780
2017 $4,020 $8,965 $17,820 $33,619
2016 $3,901 $8,456 $17,110 $33,334
2015 $3,790 $7,934 $18,808 $36,058
2014 $3,666 $7,504 $23,161 $44,236
2013 $3,582 $7,093 $23,458 $47,013
2012 $3,498 $6,708 $24,642 $49,989
2011 $3,331 $6,594 $25,188 $52,393
2010 $3,040 $6,248 $23,570 $55,667
2009 $2,910 $6,063 $20,656 $55,127
2008 $2,983 $6,175 $26,577 $52,841
2007 $2,831 $5,949 $18,793 $48,627
2006 $2,666 $5,695 $16,931 $46,091
2005 $2,447 $5,292 $14,435 $43,673
2004 $2,286 $4,998 $11,801 $42,142
2003 $2,208 $4,829 $10,464 $40,935
2002 $2,115 $4,672 $9,869 $41,511
2001 $2,058 $4,543 $9,612 $41,679
2000 $1,983 $4,422 $9,754 $39,443
1999 $1,908 $4,298 $7,915 $36,792
1998 $1,860 $4,171 $7,219 $36,666
1997 $1,749 $4,043 $8,235 $36,809
1996 $1,651 $3,880 $8,068 $34,661
1995 $1,548 $3,808 $7,414 $33,598
1994 $1,344 $3,591 $7,068 $31,925
1993 $1,180 $3,390 $7,039 $30,987
1992 $1,041 $3,171 $7,318 $29,773
1991 $956 $2,945 $6,977 $28,109
1990 $892 $2,856 $7,546 $26,904
1989 $825 - $5,591 -
1988 $806 - $5,279 -
1987 $777 - $5,204 -
1986 $755 - $5,182 -
1985 $776 - $7,549 -
1984 $763 - $7,070 -
1983 $745 - $6,714 -
1982 $735 - $6,759 -
1981 $752 - $6,866 -
1980 $787 - $5,974 -
1979 $773 - $3,934 -
1978 $712 - $3,044 -
1977 $684 - $3,205 -
1976 $553 - $3,143 -
1975 $457 - $2,692 -
1974 $413 - $2,203 -
1973 $366 - $670 -
1972 $329 - $524 -
1971 $316 - $442 -
1970 $309 - $387 -
1969 $293.4 - $372 -
1968 $290.1 - $300 -
1967 $288.4 - $174.7 -
1966 $282.4 - $113.2 -
1965 $274.3 - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/oman | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Oman ranks 55th at $41,740.

Economic indicators

El Salvador Oman
Gross domestic product
$35.4B
2024
$107B
2024
GDP rank
105/197
2024
70/197
2024
GDP growth
2.6%
2023-2024
1.63%
2023-2024
GDP per capita
$5,580
2024
$20,285
2024
GDP per capita rank
116/197
2024
57/197
2024
GDP per capita, PPP
$13,264
2024
$41,740
2024
GDP per capita PPP rank
120/197
2024
55/197
2024
Government debt
$30.9B
2024
$38B
2024
Debt-to-GDP ratio
87.5%
2024
35.5%
2024
Government debt per person
$4,883
2024
$7,204
2024
Government debt per person rank
81/185
2024
67/185
2024
Average annual personal income after taxes
$4,768
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
Income share by richest 10%
29.7%
2023
n/a
Income share by poorest 10%
1.9%
2023
n/a
Government expenditure, % of GDP
31.4%
2024
28.7%
2024
Consumer prices inflation
0.85%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
2.71%
2024
3.3%
2024
Population
6399793
5761708

Spending and national debt comparison by year

El Salvador
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
El Salvador Oman
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 28.7% 35.5%
2023 30.5% 85.1% 27.5% 37.5%
2022 28.7% 83.7% 30.9% 41.7%
2021 31.1% 88% 36.5% 61.9%
2020 32.7% 95.4% 44.5% 67.9%
2019 27.8% 77.9% 38.8% 52.5%
2018 27.6% 77% 38.3% 44.7%
2017 28.1% 77.1% 39.4% 40.1%
2016 27.5% 75.2% 44.6% 29.3%
2015 27.1% 73.5% 44.5% 13.9%
2014 27.6% 71.8% 41.4% 4.04%
2013 28.5% 69.7% 39.3% 4.66%
2012 27.4% 70% 38.6% 4.59%
2011 25.3% 65.6% 34.5% 4.44%
2010 25.6% 66.8% 30.6% 5.46%
2009 26% 65.8% 33.4% 5.8%
2008 24.5% 54.2% 25.6% 3.2%
2007 22.8% 52.2% 30.7% 4.44%
2006 23.4% 52.6% 30.1% 7.56%
2005 22.4% 46.3% 30.6% 8.39%
2004 21.5% 46.8% 34.1% 14.5%
2003 22.6% 46% 34% 13%
2002 22.5% 43.8% 34.1% 15.9%
2001 21.7% 37.8% 33.3% 22.5%
2000 21% 29.6% 31.2% 21.7%
1999 19.7% 28% 34.2% 28.9%
1998 19.3% 25.7% 36.1% 30.9%
1997 18.6% 27.8% 32.1% 20.8%
1996 21% 28.5% 33.5% 21.2%
1995 18.6% 28% 38.2% 21.9%
1994 18.9% 30.5% 39.7% 23.6%
1993 18.5% 31.9% 40.1% 22.2%
1992 20.8% 36.4% 40.1% 23.1%
1991 18.5% 43.3% 37.4% 22.6%
1990 15.9% - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/oman | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 35.5% in Oman, ranking 36/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Oman
1x
Year Deficit/surplus, % of GDP
El Salvador Oman
2024 -4.55% 3.31%
2023 -4.69% 6.87%
2022 -2.68% 10.5%
2021 -5.53% -3.17%
2020 -8.18% -15.7%
2019 -3.07% -4.83%
2018 -2.71% -6.72%
2017 -2.53% -10.5%
2016 -3.1% -19.6%
2015 -3.63% -13.5%
2014 -4.02% -1.58%
2013 -4.46% 2.78%
2012 -3.81% 4.07%
2011 -4.47% 8.24%
2010 -4.97% 4.95%
2009 -6.65% -0.27%
2008 -3.8% 14.7%
2007 -2.32% 10.5%
2006 -3.42% 12.2%
2005 -3.47% 11.2%
2004 -2.76% 5.43%
2003 -4.23% 5.92%
2002 -5.5% 5.31%
2001 -4.95% 7.55%
2000 -3.45% 12.2%
1999 -3.08% 0.3%
1998 -2.94% -4.37%
1997 -1.97% 4.77%
1996 -2.7% 2.22%
1995 -0.18% -3.9%
1994 -0.94% -7.47%
1993 -1.42% -6.84%
1992 -4.29% -4.85%
1991 -2.3% 0.12%
1990 -0.61% 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/oman | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 35 years, El Salvador recorded a fiscal deficit in 35 of those years, while Oman ran a deficit in 14 years. On average, El Salvador posted an annual deficit equal to 3.52% of GDP, compared to surplus of 0.99% of GDP for Oman.

Inflation comparison by year

Inflation
El Salvador

Oman
1x
Year Consumer prices inflation
El Salvador Oman
2024 0.85% 0.6%
2023 4.05% 1%
2022 7.2% 2.5%
2021 3.47% 1.7%
2020 -0.37% -0.4%
2019 0.08% 0.5%
2018 1.09% 0.7%
2017 1.01% 1.5%
2016 0.6% 0.9%
2015 -0.73% 0.1%
2014 1.14% 1.2%
2013 0.76% 1.3%
2012 1.73% 2.9%
2011 5.13% 4.1%
2010 1.18% 3.3%
2009 1.06% 3.5%
2008 6.71% 12.6%
2007 4.58% 5.9%
2006 4.04% 3.2%
2005 4.69% 1.9%
2004 4.45% 0.8%
2003 2.12% 0.2%
2002 1.87% -0.3%
2001 3.75% -0.8%
2000 2.27% -1.2%
1999 0.51% 0.5%
1998 2.55% 0.4%
1997 4.49% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/oman | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 1.72% in Oman. In 2024, inflation was 0.85% in El Salvador and 0.6% in Oman.

Top exports between countries

El Salvador
Export category Export value
Raw agricultural goods $80K
Chemicals & pharma $47K
Metals $1K
Oman
Export category Export value
Chemicals & pharma $1.74M
Metals $759K
Miscellaneous $15K
Textiles & consumer goods $9K

Balance of trade

El Salvador Oman
Current account balance
-$633M
2024
$3.07B
2024
Current account balance ranking
110/190
2024
39/190
2024
Current account balance, % of GDP
-1.79%
2024
+2.86%
2024
Goods imports
$15.1B
2024
$39.5B
2024
Goods exports
$5.59B
2024
$65.2B
2024
Service imports
$3.26B
2024
$12.8B
2024
Service exports
$6B
2024
$5.64B
2024
Imports of goods and services, % of GDP
51.9%
2024
48.8%
2024
Exports of goods and services, % of GDP
32.8%
2024
66.1%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

El Salvador Oman
Economic freedom 57.7 68.5
Economic freedom ranking 114/197 45/197
Property rights 42.7 71.8
Government integrity 31.5 49.4
Judicial effectiveness 15.3 28
Tax burden 76.8 97.6
Government spending 72.7 74.7
Fiscal health 59.4 97.5
Business freedom 65.7 67.8
Labor freedom 51.6 47.7
Monetary freedom 70.6 79.2
Trade freedom 76.4 78.4
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

El Salvador
Oman
1x
Year Economic freedom index
El Salvador Oman
2026 57.7 68.5
2025 56.6 65.4
2024 54.4 62.9
2023 56 58.5
2022 59.6 56.6
2021 61 64.6
2020 61.6 63.6
2019 61.8 61
2018 63.2 61
2017 64.1 62.1
2016 65.1 67.1
2015 65.7 66.7
2014 66.2 67.4
2013 66.7 68.1
2012 68.7 67.9
2011 68.8 69.8
2010 69.9 67.7
2009 69.8 67
2008 68.5 67.3
2007 68.9 65.8
2006 69.6 63.7
2005 71.5 66.5
2004 71.2 66.9
2003 71.5 64.6
2002 73 64
2001 73 67.7
2000 76.3 64.1
1999 75.1 64.9
1998 70.2 64.9
1997 70.5 64.5
1996 70.1 65.4
1995 69.1 70.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/el-salvador/oman | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

El Salvador Oman
Services, % of GDP
61%
2024
46%
2024
Industry, % of GDP
22.4%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
2.6%
2024
GNI, Atlas method
$32.5B
2024
$103B
2024
GNI per capita, PPP
$12,420
2024
$39,340
2024
Total reserves including gold
$3.7B
2024
$18.3B
2024
Total reserves ranking
110/177
2024
64/177
2024
Net foreign direct investment
-$636M
2024
-$12.6B
2024
Net inflows of foreign direct investment
$924M
2024
$12.5B
2024
Net outflows of foreign direct investment
$288M
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
35%
2024
n/a
Poverty at national poverty lines
27.2%
2023
n/a
Gross capital formation, % of GDP
20.3%
2024
24.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/el-salvador/oman | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.