Georgia vs Oman: Economic Indicators Comparison

Oman with a GDP of $79.3B ranked the 69th largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Oman and Georgia ranked 114th vs 54th and 56th vs 111th, respectively.

Gross Domestic Product & Income

Stat	Georgia	Oman
GDP	$17.6B	$79.3B
GDP growth, 1 year	4.7%	2.1%
GDP growth, 5-years average	4%	2.4%
Population	3.7M	4.8M
GDP per capita	$4.7k	$16k
GDP per capita growth	4.72%	-1.68%
Purchasing Power Parity conversion factor	1	0.15
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.39
GDP per capita, PPP adjusted	$11k	$47k
GNI, Atlas method	$16.6B	$73.1B
GNI per capita	$4.4k	$15k
GNI, PPP adjusted	$42.9B	$201.3B
GNI per capita, PPP adjusted	$12k	$42k

Financial system and Human development

Stat	Georgia	Oman
Income Tax Rate	20%	0%
Corporate Tax Rate	15%	12%
Inflation, consumer prices	2.6%	0.9%
Inflation, GDP deflator	4.4%	10.3%
Unemployment	14.1%	3.1%
Economic Freedom Index	77.1	63.6
Personal Freedom Index	7.4	5.55
Human Freedom Index	7.48	6.3
Property Rights Index	68.6	66.4
Judical Effectiveness Index	57.9	66.2
Business Freedom Index	85.3	74.6
Fiscal Health Index	94.4	14.8
Labor Freedom Index	76.3	56.9
Investment Freedom Index	80	65
Financial Freedom Index	70	60
Trade Freedom Index	88.6	81.6
Monetary Freedom Index	78.3	78.4
Government Spending Index	73.6	36.2
Tax Burden Index	87.1	98.4
Government Integrity Index	64.8	64.6
Corruption Perceptions Index	58	52
Life expectancy at birth, years	73.4	77.4
Suicide mortality rate, per 100,000 people	8.2	3.9
Mortality caused by road traffic injury, per 100,000 people	15.3	16.1
Intentional homicides, per 100,000 people	1	0.5
International tourism, number of arrivals	4.8M	2.3M

Government debt & reserves

Stat	Georgia	Oman
Central government debt, % of GDP	44.5%	50.9%
External debt stocks, % of GNI	110.6%	N/A
External debt stocks	$17.1B	N/A
Short-term debt, % of total reserves	81.1%	N/A
Total debt service, % of exports and primary income	23.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	12.5%	-11.3%
Gross savings, % of GDP	21%	23.9%
Gross capital formation, % of GDP	28.1%	23.2%
Total reserves including gold	$3.3B	$17.4B
Foreign direct investment net inflows	$1.2B	$6.3B

Exports, imports and economic structure

Stat	Georgia	Oman
Exports of goods and services, % of GDP	50.6%	58.3%
Imports of goods and services, % of GDP	61.2%	44.5%
Current account balance (balance of payments)	-$1.2B	-$4.3B
Revenue excluding grants, % of GDP	23%	N/A
Grants excluding technical cooperation, BoP	$314.1M	$17M
Personal remittances received	$2B	$39M
Industry including construction value added, % of GDP	19.9%	46.8%
Agriculture, forestry and fishing value added, % of GDP	6.8%	2.2%
Charges for the use of intellectual property, payments BoP	$27.1M	N/A
Charges for the use of intellectual property, receipts BoP	$270k	N/A
Expense, % of GDP	21.4%	N/A
Government Expenditure, % of GDP	29.6%	46.1%