Oman vs the Palestine: Economic Indicators Comparison

Oman with a GDP of $79.3B ranked the 69th largest economy in the world, while the Palestine ranked 125th with $14.6B. By GDP per capita, Oman and the Palestine ranked 56th vs 132nd, respectively.

Gross Domestic Product & Income

StatOmanPalestine
GDP$79.3B$14.6B
GDP growth, 1 year2.1%0.91%
GDP growth, 5-years average2.4%N/A
Population4.8M4.7M
GDP per capita$16k$3.2k
GDP per capita growth-1.68%-1.62%
Purchasing Power Parity conversion factor0.152.23
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.62
GDP per capita, PPP adjusted$47k$5.2k
GNI, Atlas method$73.1B$17B
GNI per capita$15k$3.7k
GNI, PPP adjusted$201.3B$27.4B
GNI per capita, PPP adjusted$42k$6k

Financial system and Human development

StatOmanPalestine
Income Tax Rate0%N/A
Corporate Tax Rate12%N/A
Inflation, consumer prices0.9%-0.2%
Inflation, GDP deflator10.3%-0.1%
Unemployment3.1%26.3%
Economic Freedom Index63.630
Personal Freedom Index5.554.1
Human Freedom Index6.34
Property Rights Index66.4N/A
Judical Effectiveness Index66.2N/A
Business Freedom Index74.6N/A
Fiscal Health Index14.8N/A
Labor Freedom Index56.9N/A
Investment Freedom Index65N/A
Financial Freedom Index60N/A
Trade Freedom Index81.6N/A
Monetary Freedom Index78.4N/A
Government Spending Index36.2N/A
Tax Burden Index98.4N/A
Government Integrity Index64.6N/A
Corruption Perceptions Index5218
Life expectancy at birth, years77.473.7
Suicide mortality rate, per 100,000 people3.94.3
Mortality caused by road traffic injury, per 100,000 people16.119.5
Intentional homicides, per 100,000 people0.50.7
International tourism, number of arrivals2.3M606k

Government debt & reserves

StatOmanPalestine
Central government debt, % of GDP50.9%N/A
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI-11.3%N/A
Gross savings, % of GDP23.9%12.6%
Gross capital formation, % of GDP23.2%24.2%
Total reserves including gold$17.4B$537.8M
Foreign direct investment net inflows$6.3B$262.5M

Exports, imports and economic structure

StatOmanPalestine
Exports of goods and services, % of GDP58.3%19.9%
Imports of goods and services, % of GDP44.5%59.7%
Current account balance (balance of payments)-$4.3B-$1.7B
Revenue excluding grants, % of GDPN/A6.9%
Grants excluding technical cooperation, BoP$17M$2.1B
Personal remittances received$39M$2.5B
Industry including construction value added, % of GDP46.8%19.6%
Agriculture, forestry and fishing value added, % of GDP2.2%3.2%
Charges for the use of intellectual property, payments BoPN/A$1.4M
Charges for the use of intellectual property, receipts BoPN/A$1.6k
Expense, % of GDPN/A8.3%
Government Expenditure, % of GDP46.1%N/A

Compare with countries close by GDP per capita

Oman vs

CountryGDP
per capita
Population
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k

Palestine vs

CountryGDP
per capita
Population
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M