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Economy of Oman vs Pakistan compared: GDP & Debt

Updated on by Georank

Oman has a GDP of $110B compared to $407B for Pakistan, ranking 70/197 and 41/197 by economy size, respectively.

Oman has $39.2B in government debt (35.8% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Oman vs Pakistan GDP by year

Oman
Pakistan
1x
Year GDP, current $
Oman Pakistan
2025 $109,604,780,696 $407,307,214,476
2024 $107,137,198,700 $371,747,087,751
2023 $106,174,707,932 $336,686,348,609
2022 $109,852,795,839 $374,890,295,667
2021 $87,323,797,139 $348,516,647,445
2020 $75,909,492,848 $300,425,609,818
2019 $88,060,858,257 $320,909,472,771
2018 $91,505,851,756 $356,128,166,705
2017 $80,856,697,009 $339,205,534,861
2016 $75,128,738,622 $313,630,000,130
2015 $78,710,793,238 $299,963,590,535
2014 $92,699,089,727 $271,390,474,858
2013 $89,936,020,806 $258,657,231,672
2012 $87,408,842,653 $250,106,966,105
2011 $77,497,529,259 $230,586,581,060
2010 $64,993,498,049 $196,709,621,850
2009 $55,454,096,229 $187,337,783,856
2008 $69,804,681,404 $202,203,748,584
2007 $48,300,390,117 $184,140,869,997
2006 $42,577,633,290 $161,871,385,506
2005 $35,506,892,068 $145,208,562,961
2004 $28,378,933,680 $132,216,048,339
2003 $24,733,680,104 $112,371,913,741
2002 $23,065,539,662 $97,923,302,809
2001 $22,205,721,717 $97,145,618,480
2000 $22,259,557,867 $99,484,802,345
1999 $17,832,769,831 $62,973,857,069
1998 $16,044,213,264 $62,191,955,814
1997 $18,039,791,938 $62,433,340,468
1996 $17,402,080,624 $63,320,170,084
1995 $15,722,236,671 $60,636,071,684
1994 $14,715,214,564 $52,293,470,813
1993 $14,230,429,129 $51,809,999,353
1992 $14,183,615,085 $48,884,671,947
1991 $12,918,335,501 $45,625,336,680
1990 $13,310,273,082 $40,010,423,970
1989 $9,372,171,651 $40,171,106,279
1988 $8,386,215,865 $38,472,742,808
1987 $7,811,183,095 $33,351,529,275
1986 $7,324,167,369 $31,899,070,056
1985 $10,005,645,420 $31,144,920,844
1984 $8,821,443,151 $31,151,825,467
1983 $7,932,541,691 $28,691,889,764
1982 $7,554,719,456 $30,725,971,564
1981 $7,259,120,151 $28,100,606,061
1980 $5,981,760,278 $23,654,444,444
1979 $3,733,352,635 $19,688,383,838
1978 $2,740,301,390 $17,811,515,152
1977 $2,741,169,948 $15,126,060,606
1976 $2,560,220,035 $13,168,080,808
1975 $2,096,699,189 $11,230,606,061
1974 $1,645,917,776 $8,899,191,919
1973 $483,066,991 $6,383,429,490
1972 $366,883,548 $9,415,016,360
1971 $301,010,587 $10,665,896,682
1970 $256,319,795 $10,027,509,450
1969 $239,999,808 $8,683,116,338
1968 $188,879,849 $8,041,999,160
1967 $107,151,832 $7,464,510,710
1966 $67,759,973 $6,561,108,778
1965 $63,279,975 $5,929,231,415
1964 $61,872,526 $5,204,955,901
1963 $59,912,763 $4,630,827,383
1962 $56,273,202 $4,310,163,797
1961 $45,634,487 $4,118,647,627
1960 $44,234,656 $3,749,265,015

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

GDP per capita in Oman vs Pakistan by year

Oman
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,947 - $1,596 -
2024 $20,285 $41,740 $1,479 $6,252
2023 $21,028 $41,945 $1,360 $6,014
2022 $23,224 $42,616 $1,538 $5,920
2021 $19,403 $38,719 $1,455 $5,367
2020 $16,785 $35,163 $1,278 $5,048
2019 $19,180 $37,251 $1,390 $5,038
2018 $19,902 $37,780 $1,569 $4,979
2017 $17,820 $33,619 $1,519 $4,790
2016 $17,110 $33,334 $1,425 $4,631
2015 $18,808 $36,058 $1,380 $4,480
2014 $23,161 $44,236 $1,267 $4,313
2013 $23,458 $47,013 $1,225 $4,174
2012 $24,642 $49,989 $1,204 $4,047
2011 $25,188 $52,393 $1,132 $3,880
2010 $23,570 $55,667 $987 $3,786
2009 $20,656 $55,127 $964 $3,777
2008 $26,577 $52,841 $1,067 $3,721
2007 $18,793 $48,627 $998 $3,672
2006 $16,931 $46,091 $901 $3,515
2005 $14,435 $43,673 $828 $3,293
2004 $11,801 $42,142 $772 $3,048
2003 $10,464 $40,935 $672 $2,822
2002 $9,869 $41,511 $600 $2,688
2001 $9,612 $41,679 $610 $2,644
2000 $9,754 $39,443 $642 $2,565
1999 $7,915 $36,792 $418 $2,475
1998 $7,219 $36,666 $424 $2,419
1997 $8,235 $36,809 $438 $2,398
1996 $8,068 $34,661 $457 $2,401
1995 $7,414 $33,598 $451 $2,315
1994 $7,068 $31,925 $400 $2,224
1993 $7,039 $30,987 $408 $2,160
1992 $7,318 $29,773 $396 $2,132
1991 $6,977 $28,109 $380 $1,992
1990 $7,546 $26,904 $344 $1,895
1989 $5,591 - $358 -
1988 $5,279 - $354 -
1987 $5,204 - $317 -
1986 $5,182 - $314 -
1985 $7,549 - $317 -
1984 $7,070 - $327 -
1983 $6,714 - $311 -
1982 $6,759 - $345 -
1981 $6,866 - $328 -
1980 $5,974 - $287.4 -
1979 $3,934 - $249.2 -
1978 $3,044 - $233.4 -
1977 $3,205 - $204.7 -
1976 $3,143 - $183.9 -
1975 $2,692 - $161.7 -
1974 $2,203 - $132 -
1973 $670 - $97.5 -
1972 $524 - $148.1 -
1971 $442 - $172.5 -
1970 $387 - $166.7 -
1969 $372 - $148.5 -
1968 $300 - $141.6 -
1967 $174.7 - $135.2 -
1966 $113.2 - $122.2 -
1965 $108.1 - $113.6 -
1964 $108.1 - $102.5 -
1963 $106.8 - $93.7 -
1962 $102.3 - $89.5 -
1961 $84.5 - $87.8 -
1960 $83.4 - $82 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

Oman's GDP per capita is $19,947, ranking 60/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Pakistan ranks 150th at $6,252.

Economic indicators

Oman Pakistan
Gross domestic product
$110B
2025
$407B
2025
GDP rank
70/197
2025
41/197
2025
GDP growth
2.4%
2024-2025
3.7%
2024-2025
GDP per capita
$19,947
2025
$1,596
2025
GDP per capita rank
60/197
2025
164/197
2025
GDP per capita, PPP
$41,740
2024
$6,252
2024
GDP per capita PPP rank
55/197
2024
150/197
2024
Government debt
$39.2B
2025
$297B
2025
Debt-to-GDP ratio
35.8%
2025
72.8%
2025
Government debt per person
$7,132
2025
$1,162
2025
Government debt per person rank
70/185
2025
138/185
2025
Average annual personal income after taxes
$19,851
2026
$1,775
2026
Market capitalization of domestic companies
$41.3B
2025
$70.3B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10% n/a
27.7%
2024
Income share by poorest 10% n/a
3.4%
2024
Government expenditure, % of GDP
28.9%
2025
21.2%
2025
Consumer prices inflation
1%
2024-2025
3.55%
2024-2025
Central bank interest rate
4.5%
2025
11.5%
2026
Unemployment rate
3.3%
2024
6.96%
2025
Population
5775345
261421997

Spending and national debt comparison by year

Oman
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Oman Pakistan
Government spending Government debt Government spending Government debt
2025 28.9% 35.8% 21.2% 72.8%
2024 28.7% 35.5% 19.4% 70.2%
2023 27.5% 37.4% 19.3% 78.5%
2022 31.1% 41.7% 20% 77.3%
2021 36.5% 61.9% 18.5% 74.7%
2020 44.5% 67.9% 20.3% 80.8%
2019 38.8% 52.5% 19.1% 78.7%
2018 38.3% 44.7% 19.1% 66.3%
2017 39.4% 40.1% 19.1% 62.1%
2016 44.6% 29.3% 17.7% 62.1%
2015 44.5% 13.9% 17.8% 59.1%
2014 41.4% 4.04% 18.1% 58.8%
2013 39.3% 4.66% 19.5% 59.2%
2012 38.6% 4.59% 19.4% 58.4%
2011 34.5% 4.44% 17.9% 56.2%
2010 30.6% 5.46% 18.3% 56.7%
2009 33.4% 5.8% 17.3% 54.6%
2008 25.6% 3.2% 18% 49.5%
2007 30.7% 4.44% 16.1% 44.2%
2006 30.1% 7.56% 14.5% 46.2%
2005 30.6% 8.39% 13% 47.9%
2004 34.1% 14.5% 12.1% 50.6%
2003 34% 13% 12.9% 56.3%
2002 34.1% 15.9% 14.4% 60.5%
2001 33.3% 22.5% 12.9% 65.1%
2000 31.2% 21.7% 13.8% 61.7%
1999 34.2% 28.9% 13.2% 60.7%
1998 36.1% 30.9% 14.1% 53.8%
1997 32.1% 20.8% 13.7% 52.8%
1996 33.5% 21.2% 15% 52.5%
1995 38.2% 21.9% 14% 52.3%
1994 39.7% 23.6% 14.5% 58.5%
1993 40.1% 22.2% 17% 57.9%
1992 40.1% 23.1% 22.6% 53.3%
1991 37.4% 22.6% 21.4% 55.8%
1990 36.5% 17.8% 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

In 2025, Oman's government spending was $31.7B, accounting for 28.9% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 35.8% in Oman and 72.8% in Pakistan, ranking 142/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Pakistan
1x
Year Deficit/surplus, % of GDP
Oman Pakistan
2025 1.04% -5.37%
2024 3.22% -6.79%
2023 6.72% -7.76%
2022 10.3% -7.84%
2021 -3.17% -6.04%
2020 -15.7% -7.03%
2019 -4.83% -7.79%
2018 -6.72% -5.67%
2017 -10.5% -5.17%
2016 -19.6% -3.92%
2015 -13.5% -4.74%
2014 -1.58% -4.37%
2013 2.78% -7.48%
2012 4.07% -7.74%
2011 8.24% -6.23%
2010 4.95% -5.42%
2009 -0.27% -4.53%
2008 14.7% -5.94%
2007 10.5% -4.23%
2006 12.2% -2.79%
2005 11.2% -2.29%
2004 5.43% -1.29%
2003 5.92% -0.12%
2002 5.31% -2.64%
2001 7.55% -2.45%
2000 12.2% -3.21%
1999 0.3% -3.07%
1998 -4.37% -4.46%
1997 4.77% -3.87%
1996 2.22% -4.33%
1995 -3.9% -3.9%
1994 -7.47% -3.63%
1993 -6.84% -5.53%
1992 -4.85% -11.3%
1991 0.12% -10.8%
1990 4.78% -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

In 2025, Oman's government surplus, the difference between spending and revenue, was $1.14B, equivalent to 1.04% of GDP. This compares to Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 36 years, Oman recorded a fiscal deficit in 14 of those years, while Pakistan ran a deficit in 36 years. On average, Oman posted an annual surplus equal to 0.98% of GDP, compared to deficit of 5.32% of GDP for Pakistan.

Inflation comparison by year

Inflation
Oman

Pakistan
1x
Year Consumer prices inflation
Oman Pakistan
2025 1% 3.55%
2024 0.6% 12.6%
2023 1% 30.8%
2022 2.5% 19.9%
2021 1.7% 9.5%
2020 -0.4% 9.74%
2019 0.5% 10.6%
2018 0.7% 5.08%
2017 1.5% 4.09%
2016 0.9% 3.77%
2015 0.1% 2.53%
2014 1.2% 7.19%
2013 1.3% 7.69%
2012 2.9% 9.68%
2011 4.1% 11.9%
2010 3.3% 12.9%
2009 3.5% 13.6%
2008 12.6% 20.3%
2007 5.9% 7.6%
2006 3.2% 7.92%
2005 1.9% 9.06%
2004 0.8% 7.44%
2003 0.2% 2.91%
2002 -0.3% 3.29%
2001 -0.8% 3.15%
2000 -1.2% 4.37%
1999 0.5% 4.14%
1998 0.4% 6.23%
1997 -0.4% 11.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

Over the past 29 years, Oman has recorded an average annual inflation rate of 1.7%, compared with 9.07% in Pakistan. In 2025, inflation was 1% in Oman and 3.55% in Pakistan.

Top exports between countries

Oman
Export category Export value
Chemicals & pharma $167M
Metals $45.7M
Machinery & equipment $7.78M
Raw materials & minerals $6.82M
Textiles & consumer goods $4.66M
Processed food, beverages & tobacco $2.82M
Miscellaneous $1.3M
Wood & paper products $1.1M
Animal & marine products $330K
Raw agricultural goods $282K
Pakistan
Export category Export value
Raw agricultural goods $133M
Processed food, beverages & tobacco $19.8M
Machinery & equipment $13.8M
Raw materials & minerals $12.9M
Animal & marine products $11.2M
Textiles & consumer goods $8.14M
Chemicals & pharma $6.81M
Wood & paper products $426K
Metals $425K
Miscellaneous $184K

Balance of trade

Oman Pakistan
Current account balance
$3.07B
2024
-$448M
2025
Current account balance ranking
37/190
2024
102/190
2025
Current account balance, % of GDP
+2.86%
2024
-0.11%
2025
Goods imports
$39.5B
2024
$62.6B
2025
Goods exports
$65.2B
2024
$31.5B
2025
Service imports
$12.8B
2024
$12B
2025
Service exports
$5.64B
2024
$9.09B
2025
Imports of goods and services, % of GDP
48.8%
2024
17.2%
2025
Exports of goods and services, % of GDP
66.1%
2024
9.99%
2025

Economic freedom indices

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

Oman Pakistan
Economic freedom 68.5 48.9
Economic freedom ranking 45/197 168/197
Property rights 71.8 25.7
Government integrity 49.4 26.3
Judicial effectiveness 28 27.6
Tax burden 97.6 78.2
Government spending 74.7 88.5
Fiscal health 97.5 10.1
Business freedom 67.8 54.4
Labor freedom 47.7 51.7
Monetary freedom 79.2 54.1
Trade freedom 78.4 70.4
Investment freedom 70 60
Financial freedom 60 40

Economic freedom comparison by year

Oman
Pakistan
1x
Year Economic freedom index
Oman Pakistan
2026 68.5 48.9
2025 65.4 49.1
2024 62.9 49.5
2023 58.5 49.4
2022 56.6 48.8
2021 64.6 51.7
2020 63.6 54.8
2019 61 55
2018 61 54.4
2017 62.1 52.8
2016 67.1 55.9
2015 66.7 55.6
2014 67.4 55.2
2013 68.1 55.1
2012 67.9 54.7
2011 69.8 55.1
2010 67.7 55.2
2009 67 57
2008 67.3 55.6
2007 65.8 57.2
2006 63.7 57.9
2005 66.5 53.3
2004 66.9 54.9
2003 64.6 55
2002 64 55.8
2001 67.7 56
2000 64.1 56.4
1999 64.9 53
1998 64.9 53.2
1997 64.5 56
1996 65.4 58.4
1995 70.2 57.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Pakistan
Services, % of GDP
47.2%
2025
50.9%
2025
Industry, % of GDP
52.7%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.81%
2025
23%
2025
GNI, Atlas method
$103B
2024
$382B
2025
GNI per capita, PPP
$39,390
2024
$6,430
2025
Total reserves including gold
$18.3B
2024
$26.5B
2025
Total reserves ranking
68/177
2024
62/177
2025
Net foreign direct investment
-$12.6B
2024
-$1.58B
2025
Net inflows of foreign direct investment
$12.5B
2024
$2.66B
2024
Net outflows of foreign direct investment
-$143M
2024
$84M
2024
Servicing debt to the IMF, % of GNI n/a
4.5%
2024
Poverty at national poverty lines n/a
21.9%
2018
Gross capital formation, % of GDP
24.8%
2024
14.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/oman/pakistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.