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Economy of Oman vs Poland compared: GDP & Debt

Updated on by Georank team

Oman has a GDP of $107B compared to $918B for Poland, ranking 70/197 and 21/197 by economy size, respectively.

Oman has $38B in government debt (35.5% of GDP), compared to $507B (55.3% of GDP) in Poland.

Oman vs Poland GDP by year

Oman
Poland
1x
Year GDP, current $
Oman Poland
2024 $107,137,198,769 $917,767,106,147
2023 $106,174,708,037 $812,451,193,396
2022 $109,852,795,839 $695,607,470,875
2021 $87,323,797,139 $689,170,230,665
2020 $75,909,492,848 $605,914,237,904
2019 $88,060,858,257 $602,683,770,145
2018 $91,505,851,756 $594,616,687,350
2017 $80,856,697,009 $528,356,676,667
2016 $75,128,738,622 $473,259,583,970
2015 $78,710,793,238 $480,054,118,583
2014 $92,699,089,727 $542,134,167,179
2013 $89,936,020,806 $518,179,836,405
2012 $87,408,842,653 $498,148,649,703
2011 $77,497,529,259 $527,848,543,023
2010 $64,993,498,049 $478,111,630,684
2009 $55,454,096,229 $440,891,472,247
2008 $69,804,681,404 $535,612,030,672
2007 $48,300,390,117 $429,715,132,138
2006 $42,577,633,290 $345,897,630,736
2005 $35,506,892,068 $306,999,913,151
2004 $28,378,933,680 $256,268,656,145
2003 $24,733,680,104 $218,561,225,998
2002 $23,065,539,662 $199,694,463,256
2001 $22,205,721,717 $191,823,200,371
2000 $22,259,557,867 $172,953,527,033
1999 $17,832,769,831 $170,704,452,715
1998 $16,044,213,264 $175,282,269,667
1997 $18,039,791,938 $159,893,964,917
1996 $17,402,080,624 $160,813,026,223
1995 $15,722,236,671 $142,838,527,115
1994 $14,715,214,564 $110,803,635,288
1993 $14,230,429,129 $96,043,157,273
1992 $14,183,615,085 $94,337,050,693
1991 $12,918,335,501 $85,500,935,935
1990 $13,310,273,082 $65,977,748,211
1989 $9,372,171,651 -
1988 $8,386,215,865 -
1987 $7,811,183,095 -
1986 $7,324,167,369 -
1985 $10,005,645,420 -
1984 $8,821,443,151 -
1983 $7,932,541,691 -
1982 $7,554,719,456 -
1981 $7,259,120,151 -
1980 $5,981,760,278 -
1979 $3,733,352,635 -
1978 $2,740,301,390 -
1977 $2,741,169,948 -
1976 $2,560,220,035 -
1975 $2,096,699,189 -
1974 $1,645,917,776 -
1973 $483,066,991 -
1972 $366,883,548 -
1971 $301,010,587 -
1970 $256,319,795 -
1969 $239,999,808 -
1968 $188,879,849 -
1967 $107,151,832 -
1966 $67,759,973 -
1965 $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/oman/poland | CC BY

GDP per capita in Oman vs Poland by year

Oman
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,285 $41,740 $25,104 $51,263
2023 $21,028 $41,945 $22,145 $48,473
2022 $23,224 $42,616 $18,891 $46,778
2021 $19,403 $38,719 $18,636 $41,060
2020 $16,785 $35,163 $16,151 $37,089
2019 $19,180 $37,251 $15,875 $35,882
2018 $19,902 $37,780 $15,658 $32,345
2017 $17,820 $33,619 $13,913 $30,170
2016 $17,110 $33,334 $12,464 $28,360
2015 $18,808 $36,058 $12,638 $26,988
2014 $23,161 $44,236 $14,262 $25,460
2013 $23,458 $47,013 $13,622 $24,434
2012 $24,642 $49,989 $13,087 $23,728
2011 $25,188 $52,393 $13,868 $22,809
2010 $23,570 $55,667 $12,568 $20,991
2009 $20,656 $55,127 $11,556 $19,300
2008 $26,577 $52,841 $14,049 $18,372
2007 $18,793 $48,627 $11,273 $16,833
2006 $16,931 $46,091 $9,069 $15,205
2005 $14,435 $43,673 $8,044 $13,936
2004 $11,801 $42,142 $6,712 $13,413
2003 $10,464 $40,935 $5,721 $12,329
2002 $9,869 $41,511 $5,223 $11,841
2001 $9,612 $41,679 $5,015 $11,175
2000 $9,754 $39,443 $4,521 $10,721
1999 $7,915 $36,792 $4,416 $10,081
1998 $7,219 $36,666 $4,534 $9,521
1997 $8,235 $36,809 $4,137 $8,967
1996 $8,068 $34,661 $4,164 $8,310
1995 $7,414 $33,598 $3,701 $7,715
1994 $7,068 $31,925 $2,875 $7,040
1993 $7,039 $30,987 $2,497 $6,560
1992 $7,318 $29,773 $2,459 $6,193
1991 $6,977 $28,109 $2,236 $5,925
1990 $7,546 $26,904 $1,731 $6,185
1989 $5,591 - - -
1988 $5,279 - - -
1987 $5,204 - - -
1986 $5,182 - - -
1985 $7,549 - - -
1984 $7,070 - - -
1983 $6,714 - - -
1982 $6,759 - - -
1981 $6,866 - - -
1980 $5,974 - - -
1979 $3,934 - - -
1978 $3,044 - - -
1977 $3,205 - - -
1976 $3,143 - - -
1975 $2,692 - - -
1974 $2,203 - - -
1973 $670 - - -
1972 $524 - - -
1971 $442 - - -
1970 $387 - - -
1969 $372 - - -
1968 $300 - - -
1967 $174.7 - - -
1966 $113.2 - - -
1965 $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/oman/poland | CC BY

Oman's GDP per capita is $20,285, ranking 57/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Poland ranks 43rd at $51,263.

Economic indicators

Oman Poland
Gross domestic product
$107B
2024
$918B
2024
GDP rank
70/197
2024
21/197
2024
GDP growth
1.63%
2023-2024
3.03%
2023-2024
GDP per capita
$20,285
2024
$25,104
2024
GDP per capita rank
57/197
2024
48/197
2024
GDP per capita, PPP
$41,740
2024
$51,263
2024
GDP per capita PPP rank
55/197
2024
43/197
2024
Government debt
$38B
2024
$507B
2024
Debt-to-GDP ratio
35.5%
2024
55.3%
2024
Government debt per person
$7,204
2024
$13,874
2024
Government debt per person rank
67/185
2024
41/185
2024
Average annual personal income after taxes
$20,894
2026
$20,736
2026
Market capitalization of domestic companies
$22.3B
2022
$197B
2024
Number of billionaires
2
2025
10
2025
Income share by richest 10% n/a
22.9%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
28.7%
2024
49.4%
2024
Consumer prices inflation
0.6%
2023-2024
3.78%
2023-2024
Central bank interest rate
4.5%
2025
4%
2025
Unemployment rate
3.3%
2024
2.81%
2024
Population
5761708
35806942

Spending and national debt comparison by year

Oman
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Oman Poland
Government spending Government debt Government spending Government debt
2024 28.7% 35.5% 49.4% 55.3%
2023 27.5% 37.5% 46.9% 49.5%
2022 30.9% 41.7% 43.2% 48.8%
2021 36.5% 61.9% 43.6% 53%
2020 44.5% 67.9% 47.7% 56.6%
2019 38.8% 52.5% 41.4% 45.2%
2018 38.3% 44.7% 41% 48.2%
2017 39.4% 40.1% 41.1% 50.4%
2016 44.6% 29.3% 41.1% 54.1%
2015 44.5% 13.9% 41.5% 51.1%
2014 41.4% 4.04% 42.7% 51.1%
2013 39.3% 4.66% 43.2% 56.9%
2012 38.6% 4.59% 43.2% 54.5%
2011 34.5% 4.44% 44.1% 54.8%
2010 30.6% 5.46% 46% 53.7%
2009 33.4% 5.8% 44.9% 49.7%
2008 25.6% 3.2% 44% 46.6%
2007 30.7% 4.44% 42.8% 44.4%
2006 30.1% 7.56% 44.3% 47.1%
2005 30.6% 8.39% 44.1% 46.5%
2004 34.1% 14.5% 43.3% 44.9%
2003 34% 13% 45.5% 46.4%
2002 34.1% 15.9% 45.1% 41.6%
2001 33.3% 22.5% 44.7% 37.2%
2000 31.2% 21.7% 43.1% 36.4%
1999 34.2% 28.9% 42.5% 39.4%
1998 36.1% 30.9% 44% 38.7%
1997 32.1% 20.8% 46.1% 42.7%
1996 33.5% 21.2% 50.7% 43.2%
1995 38.2% 21.9% 47.5% 48.7%
1994 39.7% 23.6% - 64.3%
1993 40.1% 22.2% - 83.9%
1992 40.1% 23.1% - 81.9%
1991 37.4% 22.6% - 76.9%
1990 36.5% 17.8% - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Oman's government spending was $30.7B, accounting for 28.7% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 35.5% in Oman and 55.3% in Poland, ranking 145/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Poland
1x
Year Deficit/surplus, % of GDP
Oman Poland
2024 3.31% -6.59%
2023 6.87% -5.27%
2022 10.5% -3.44%
2021 -3.17% -1.75%
2020 -15.7% -6.85%
2019 -4.83% -0.73%
2018 -6.72% -0.24%
2017 -10.5% -1.49%
2016 -19.6% -2.38%
2015 -13.5% -2.59%
2014 -1.58% -3.66%
2013 2.78% -4.25%
2012 4.07% -3.8%
2011 8.24% -4.97%
2010 4.95% -7.43%
2009 -0.27% -7.24%
2008 14.7% -3.6%
2007 10.5% -1.88%
2006 12.2% -3.53%
2005 11.2% -3.93%
2004 5.43% -4.99%
2003 5.92% -6.02%
2002 5.31% -4.8%
2001 7.55% -4.73%
2000 12.2% -4%
1999 0.3% -2.3%
1998 -4.37% -4.25%
1997 4.77% -4.61%
1996 2.22% -4.84%
1995 -3.9% -4.39%
1994 -7.47% -
1993 -6.84% -
1992 -4.85% -
1991 0.12% -
1990 4.78% -

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

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

In 2024, Oman's government surplus, the difference between spending and revenue, was $3.54B, equivalent to 3.31% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Oman recorded a fiscal deficit in 11 of those years, while Poland ran a deficit in 30 years. On average, Oman posted an annual surplus equal to 1.63% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Oman

Poland
1x
Year Consumer prices inflation
Oman Poland
2024 0.6% 3.78%
2023 1% 11.5%
2022 2.5% 14.4%
2021 1.7% 5.06%
2020 -0.4% 3.37%
2019 0.5% 2.23%
2018 0.7% 1.81%
2017 1.5% 2.08%
2016 0.9% -0.66%
2015 0.1% -0.87%
2014 1.2% 0.05%
2013 1.3% 0.99%
2012 2.9% 3.56%
2011 4.1% 4.24%
2010 3.3% 2.58%
2009 3.5% 3.8%
2008 12.6% 4.16%
2007 5.9% 2.46%
2006 3.2% 1.28%
2005 1.9% 2.18%
2004 0.8% 3.38%
2003 0.2% 0.68%
2002 -0.3% 1.91%
2001 -0.8% 5.41%
2000 -1.2% 9.9%
1999 0.5% 7.15%
1998 0.4% 11.6%
1997 -0.4% 14.9%

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/oman/poland | CC BY

Over the past 28 years, Oman has recorded an average annual inflation rate of 1.72%, compared with 4.39% in Poland. In 2024, inflation was 0.6% in Oman and 3.78% in Poland.

Top exports between countries

Oman
Export category Export value
Chemicals & pharma $10.9M
Metals $8.64M
Machinery & equipment $836K
Textiles & consumer goods $394K
Raw materials & minerals $107K
Wood & paper products $58K
Raw agricultural goods $10K
Poland
Export category Export value
Machinery & equipment $46M
Textiles & consumer goods $14M
Chemicals & pharma $6.37M
Processed food, beverages & tobacco $6.32M
Wood & paper products $3.14M
Metals $2.74M
Raw materials & minerals $2.69M
Animal & marine products $2.54M
Raw agricultural goods $1.65M
Weapons & explosives $750K

Balance of trade

Oman Poland
Current account balance
$3.07B
2024
$2.8B
2024
Current account balance ranking
39/190
2024
40/190
2024
Current account balance, % of GDP
+2.86%
2024
+0.3%
2024
Goods imports
$39.5B
2024
$367B
2024
Goods exports
$65.2B
2024
$361B
2024
Service imports
$12.8B
2024
$74.9B
2024
Service exports
$5.64B
2024
$118B
2024
Imports of goods and services, % of GDP
48.8%
2024
48.2%
2024
Exports of goods and services, % of GDP
66.1%
2024
52.2%
2024

Economic freedom indices

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

Oman Poland
Economic freedom 68.5 68.5
Economic freedom ranking 45/197 46/197
Property rights 71.8 71.8
Government integrity 49.4 60.7
Judicial effectiveness 28 62.5
Tax burden 97.6 72.7
Government spending 74.7 35.1
Fiscal health 97.5 74.8
Business freedom 67.8 77.5
Labor freedom 47.7 53.7
Monetary freedom 79.2 73.8
Trade freedom 78.4 79.4
Investment freedom 70 80
Financial freedom 60 80

Economic freedom comparison by year

Oman
Poland
1x
Year Economic freedom index
Oman Poland
2026 68.5 68.5
2025 65.4 67.1
2024 62.9 66
2023 58.5 67.7
2022 56.6 68.7
2021 64.6 69.7
2020 63.6 69.1
2019 61 67.8
2018 61 68.5
2017 62.1 68.3
2016 67.1 69.3
2015 66.7 68.6
2014 67.4 67
2013 68.1 66
2012 67.9 64.2
2011 69.8 64.1
2010 67.7 63.2
2009 67 60.3
2008 67.3 60.3
2007 65.8 58.1
2006 63.7 59.3
2005 66.5 59.6
2004 66.9 58.7
2003 64.6 61.8
2002 64 65
2001 67.7 61.8
2000 64.1 60
1999 64.9 59.6
1998 64.9 59.2
1997 64.5 56.8
1996 65.4 57.8
1995 70.2 50.7

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Poland
Services, % of GDP
46%
2024
59.1%
2024
Industry, % of GDP
54.2%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.6%
2024
2.54%
2024
GNI, Atlas method
$103B
2024
$789B
2024
GNI per capita, PPP
$39,340
2024
$49,540
2024
Total reserves including gold
$18.3B
2024
$223B
2024
Total reserves ranking
64/177
2024
17/177
2024
Net foreign direct investment
-$12.6B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$12.5B
2024
$20.6B
2024
Net outflows of foreign direct investment
-$143M
2024
$10B
2024
Poverty at national poverty lines n/a
13.3%
2024
Gross capital formation, % of GDP
24.8%
2024
17.8%
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/oman/poland | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.