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Economy of Oman vs Rwanda compared: GDP & Debt

Updated on by Georank

Oman has a GDP of $110B compared to $16.4B for Rwanda, ranking 70/197 and 142/197 by economy size, respectively.

Oman has $39.2B in government debt (35.8% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Oman vs Rwanda GDP by year

Oman
Rwanda
1x
Year GDP, current $
Oman Rwanda
2025 $109,604,780,696 $16,372,132,990
2024 $107,137,198,700 $15,111,064,182
2023 $106,174,707,932 $14,806,501,437
2022 $109,852,795,839 $13,747,404,814
2021 $87,323,797,139 $11,252,894,910
2020 $75,909,492,848 $10,487,146,253
2019 $88,060,858,257 $10,519,272,170
2018 $91,505,851,756 $9,650,161,136
2017 $80,856,697,009 $9,164,345,443
2016 $75,128,738,622 $8,596,812,241
2015 $78,710,793,238 $8,447,064,079
2014 $92,699,089,727 $8,129,984,484
2013 $89,936,020,806 $7,714,276,920
2012 $87,408,842,653 $7,556,673,276
2011 $77,497,529,259 $6,802,676,034
2010 $64,993,498,049 $6,052,276,078
2009 $55,454,096,229 $5,603,399,015
2008 $69,804,681,404 $5,120,655,375
2007 $48,300,390,117 $4,017,977,507
2006 $42,577,633,290 $3,274,207,945
2005 $35,506,892,068 $2,933,819,766
2004 $28,378,933,680 $2,376,496,067
2003 $24,733,680,104 $2,138,237,279
2002 $23,065,539,662 $1,966,003,468
2001 $22,205,721,717 $1,966,600,715
2000 $22,259,557,867 $2,068,836,754
1999 $17,832,769,831 $2,157,108,263
1998 $16,044,213,264 $1,989,343,546
1997 $18,039,791,938 $1,851,558,197
1996 $17,402,080,624 $1,382,334,879
1995 $15,722,236,671 $1,293,535,193
1994 $14,715,214,564 $753,636,370
1993 $14,230,429,129 $1,971,525,712
1992 $14,183,615,085 $2,029,026,962
1991 $12,918,335,501 $1,911,600,237
1990 $13,310,273,082 $2,550,185,679
1989 $9,372,171,651 $2,405,022,593
1988 $8,386,215,865 $2,395,492,687
1987 $7,811,183,095 $2,157,432,668
1986 $7,324,167,369 $1,944,710,684
1985 $10,005,645,420 $1,715,626,331
1984 $8,821,443,151 $1,587,413,084
1983 $7,932,541,691 $1,479,687,587
1982 $7,554,719,456 $1,407,243,139
1981 $7,259,120,151 $1,407,062,527
1980 $5,981,760,278 $1,254,765,642
1979 $3,733,352,635 $1,109,346,131
1978 $2,740,301,390 $905,709,076
1977 $2,741,169,948 $746,650,613
1976 $2,560,220,035 $637,753,853
1975 $2,096,699,189 $571,863,500
1974 $1,645,917,776 $308,458,423
1973 $483,066,991 $290,746,157
1972 $366,883,548 $246,457,838
1971 $301,010,587 $222,952,504
1970 $256,319,795 $219,900,006
1969 $239,999,808 $188,700,037
1968 $188,879,849 $172,200,018
1967 $107,151,832 $159,560,018
1966 $67,759,973 $124,525,703
1965 $63,279,975 $148,799,980
1964 $61,872,526 $129,999,994
1963 $59,912,763 $128,000,000
1962 $56,273,202 $125,000,008
1961 $45,634,487 $122,000,016
1960 $44,234,656 $119,000,024

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

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

GDP per capita in Oman vs Rwanda by year

Oman
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,947 - $1,124 -
2024 $20,285 $41,740 $1,060 $3,711
2023 $21,028 $41,945 $1,061 $3,399
2022 $23,224 $42,616 $1,007 $3,099
2021 $19,403 $38,719 $843 $2,733
2020 $16,785 $35,163 $803 $2,285
2019 $19,180 $37,251 $823 $2,336
2018 $19,902 $37,780 $773 $2,125
2017 $17,820 $33,619 $751 $1,968
2016 $17,110 $33,334 $721 $1,866
2015 $18,808 $36,058 $726 $1,781
2014 $23,161 $44,236 $715 $1,678
2013 $23,458 $47,013 $695 $1,512
2012 $24,642 $49,989 $698 $1,455
2011 $25,188 $52,393 $643 $1,413
2010 $23,570 $55,667 $587 $1,314
2009 $20,656 $55,127 $557 $1,241
2008 $26,577 $52,841 $522 $1,191
2007 $18,793 $48,627 $421 $1,079
2006 $16,931 $46,091 $352 $1,002
2005 $14,435 $43,673 $324 $914
2004 $11,801 $42,142 $269.5 $832
2003 $10,464 $40,935 $249 $775
2002 $9,869 $41,511 $234 $760
2001 $9,612 $41,679 $237.3 $670
2000 $9,754 $39,443 $251.9 $609
1999 $7,915 $36,792 $264.7 $554
1998 $7,219 $36,666 $246.2 $528
1997 $8,235 $36,809 $238.7 $500
1996 $8,068 $34,661 $206 $499
1995 $7,414 $33,598 $228 $514
1994 $7,068 $31,925 $111 $311
1993 $7,039 $30,987 $247 $521
1992 $7,318 $29,773 $264.1 $575
1991 $6,977 $28,109 $254 $542
1990 $7,546 $26,904 $346 $549
1989 $5,591 - $335 -
1988 $5,279 - $344 -
1987 $5,204 - $320 -
1986 $5,182 - $297.7 -
1985 $7,549 - $271.6 -
1984 $7,070 - $259.9 -
1983 $6,714 - $250.6 -
1982 $6,759 - $246.4 -
1981 $6,866 - $254.6 -
1980 $5,974 - $234.4 -
1979 $3,934 - $213.8 -
1978 $3,044 - $179.9 -
1977 $3,205 - $152.7 -
1976 $3,143 - $134.4 -
1975 $2,692 - $124.1 -
1974 $2,203 - $68.9 -
1973 $670 - $66.9 -
1972 $524 - $58.4 -
1971 $442 - $54.4 -
1970 $387 - $55.2 -
1969 $372 - $48.9 -
1968 $300 - $46 -
1967 $174.7 - $44 -
1966 $113.2 - $35.4 -
1965 $108.1 - $43.5 -
1964 $108.1 - $39 -
1963 $106.8 - $39.3 -
1962 $102.3 - $39.2 -
1961 $84.5 - $39.3 -
1960 $83.4 - $39.4 -

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

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

Oman's GDP per capita is $19,947, ranking 60/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Rwanda ranks 168th at $3,711.

Economic indicators

Oman Rwanda
Gross domestic product
$110B
2025
$16.4B
2025
GDP rank
70/197
2025
142/197
2025
GDP growth
2.4%
2024-2025
9.38%
2024-2025
GDP per capita
$19,947
2025
$1,124
2025
GDP per capita rank
60/197
2025
178/197
2025
GDP per capita, PPP
$41,740
2024
$3,711
2024
GDP per capita PPP rank
55/197
2024
168/197
2024
Government debt
$39.2B
2025
$10.6B
2025
Debt-to-GDP ratio
35.8%
2025
64.6%
2025
Government debt per person
$7,132
2025
$726
2025
Government debt per person rank
70/185
2025
155/185
2025
Average annual personal income after taxes
$19,851
2026
$1,614
2026
Market capitalization of domestic companies
$41.3B
2025
$3.2B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10% n/a
33.4%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
28.9%
2025
24.1%
2025
Consumer prices inflation
1%
2024-2025
5.91%
2024-2025
Central bank interest rate
4.5%
2025
6.75%
2025
Unemployment rate
3.3%
2024
5.36%
2025
Population
5775345
15062056

Spending and national debt comparison by year

Oman
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Oman Rwanda
Government spending Government debt Government spending Government debt
2025 28.9% 35.8% 24.1% 64.6%
2024 28.7% 35.5% 27.1% 63.4%
2023 27.5% 37.4% 26.2% 61.4%
2022 31.1% 41.7% 28.7% 59%
2021 36.5% 61.9% 31% 66.2%
2020 44.5% 67.9% 32.5% 66.7%
2019 38.8% 52.5% 27.7% 52.8%
2018 38.3% 44.7% 26.3% 49.2%
2017 39.4% 40.1% 25.3% 46.1%
2016 44.6% 29.3% 25.4% 41.5%
2015 44.5% 13.9% 26.9% 33.5%
2014 41.4% 4.04% 27.8% 29.5%
2013 39.3% 4.66% 26.5% 27%
2012 38.6% 4.59% 24.9% 19.3%
2011 34.5% 4.44% 25% 18.9%
2010 30.6% 5.46% 24.1% 19%
2009 33.4% 5.8% 22.6% 18.7%
2008 25.6% 3.2% 22.7% 18.5%
2007 30.7% 4.44% 22.7% 22.4%
2006 30.1% 7.56% 20.9% 22.8%
2005 30.6% 8.39% 20.2% 59.8%
2004 34.1% 14.5% 18.1% 82.1%
2003 34% 13% 18.8% 80.7%
2002 34.1% 15.9% 20.7% 93.4%
2001 33.3% 22.5% 19.3% 85.2%
2000 31.2% 21.7% 18.5% 87.2%
1999 34.2% 28.9% 22.7% 79.5%
1998 36.1% 30.9% 16.6% 71.1%
1997 32.1% 20.8% 17.2% 73.3%
1996 33.5% 21.2% 19.8% 84.6%
1995 38.2% 21.9% 18.3% 102.2%
1994 39.7% 23.6% 13.5% -
1993 40.1% 22.2% 20.6% -
1992 40.1% 23.1% 21.8% -
1991 37.4% 22.6% - -
1990 36.5% 17.8% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Oman's government spending was $31.7B, accounting for 28.9% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 35.8% in Oman and 64.6% in Rwanda, ranking 142/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Rwanda
1x
Year Deficit/surplus, % of GDP
Oman Rwanda
2025 1.04% -4.49%
2024 3.22% -6.19%
2023 6.72% -4.88%
2022 10.3% -5.56%
2021 -3.17% -6.89%
2020 -15.7% -9.26%
2019 -4.83% -5%
2018 -6.72% -2.57%
2017 -10.5% -2.54%
2016 -19.6% -2.3%
2015 -13.5% -2.71%
2014 -1.58% -3.97%
2013 2.78% -1.29%
2012 4.07% -2.41%
2011 8.24% -0.87%
2010 4.95% -0.65%
2009 -0.27% 0.26%
2008 14.7% 0.84%
2007 10.5% -1.58%
2006 12.2% -0.03%
2005 11.2% 1.14%
2004 5.43% 2.31%
2003 5.92% -1.25%
2002 5.31% -2.06%
2001 7.55% -1.83%
2000 12.2% -0.22%
1999 0.3% -4.48%
1998 -4.37% -2.63%
1997 4.77% -2.25%
1996 2.22% -5.08%
1995 -3.9% -2.07%
1994 -7.47% -9.68%
1993 -6.84% -6.7%
1992 -4.85% -7.31%
1991 0.12% -
1990 4.78% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/oman/rwanda | 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 Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, Oman recorded a fiscal deficit in 14 of those years, while Rwanda ran a deficit in 30 years. On average, Oman posted an annual surplus equal to 0.89% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
Oman

Rwanda
1x
Year Consumer prices inflation
Oman Rwanda
2025 1% 5.91%
2024 0.6% 1.77%
2023 1% 19.8%
2022 2.5% 17.7%
2021 1.7% -0.39%
2020 -0.4% 9.85%
2019 0.5% 3.35%
2018 0.7% -0.31%
2017 1.5% 8.28%
2016 0.9% 7.17%
2015 0.1% 2.53%
2014 1.2% 2.35%
2013 1.3% 5.92%
2012 2.9% 10.3%
2011 4.1% 3.08%
2010 3.3% -0.25%
2009 3.5% 12.9%
2008 12.6% 15.4%
2007 5.9% 9.08%
2006 3.2% 8.88%
2005 1.9% 9.01%
2004 0.8% 12.3%
2003 0.2% 7.45%
2002 -0.3% 1.99%
2001 -0.8% 3.34%
2000 -1.2% 3.9%
1999 0.5% -2.41%
1998 0.4% 6.21%
1997 -0.4% 12%

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/rwanda | CC BY

Over the past 29 years, Oman has recorded an average annual inflation rate of 1.7%, compared with 6.8% in Rwanda. In 2025, inflation was 1% in Oman and 5.91% in Rwanda.

Top exports between countries

Oman
Export category Export value
Machinery & equipment $359K
Textiles & consumer goods $247K
Animal & marine products $55K
Chemicals & pharma $41K
Processed food, beverages & tobacco $18K
Raw agricultural goods $9K
Miscellaneous $3K
Raw materials & minerals $1K
Wood & paper products $1K
Rwanda
Export category Export value
Processed food, beverages & tobacco $3.3M
Raw agricultural goods $863K
Animal & marine products $136K
Machinery & equipment $13K

Balance of trade

Oman Rwanda
Current account balance
$3.07B
2024
-$1.81B
2024
Current account balance ranking
37/190
2024
136/190
2024
Current account balance, % of GDP
+2.86%
2024
-12%
2024
Goods imports
$39.5B
2024
$5.55B
2024
Goods exports
$65.2B
2024
$3.2B
2024
Service imports
$12.8B
2024
$991M
2024
Service exports
$5.64B
2024
$1.08B
2024
Imports of goods and services, % of GDP
48.8%
2024
35.1%
2025
Exports of goods and services, % of GDP
66.1%
2024
21.6%
2025

Economic freedom indices

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

Oman Rwanda
Economic freedom 68.5 56.5
Economic freedom ranking 45/197 121/197
Property rights 71.8 60.3
Government integrity 49.4 53.9
Judicial effectiveness 28 27.5
Tax burden 97.6 80.6
Government spending 74.7 75.7
Fiscal health 97.5 37.5
Business freedom 67.8 60.1
Labor freedom 47.7 49.1
Monetary freedom 79.2 72.3
Trade freedom 78.4 61.8
Investment freedom 70 60
Financial freedom 60 40

Economic freedom comparison by year

Oman
Rwanda
1x
Year Economic freedom index
Oman Rwanda
2026 68.5 56.5
2025 65.4 54.8
2024 62.9 51.6
2023 58.5 52.2
2022 56.6 57.1
2021 64.6 68.3
2020 63.6 70.9
2019 61 71.1
2018 61 69.1
2017 62.1 67.6
2016 67.1 63.1
2015 66.7 64.8
2014 67.4 64.7
2013 68.1 64.1
2012 67.9 64.9
2011 69.8 62.7
2010 67.7 59.1
2009 67 54.2
2008 67.3 54.2
2007 65.8 52.4
2006 63.7 52.8
2005 66.5 51.7
2004 66.9 53.3
2003 64.6 47.8
2002 64 50.4
2001 67.7 45.4
2000 64.1 42.3
1999 64.9 39.8
1998 64.9 39.1
1997 64.5 38.3
1996 65.4 -
1995 70.2 -

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Rwanda
Services, % of GDP
47.2%
2025
52.3%
2025
Industry, % of GDP
52.7%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
2.81%
2025
20.3%
2025
GNI, Atlas method
$103B
2024
$16.7B
2025
GNI per capita, PPP
$39,390
2024
$4,070
2025
Total reserves including gold
$18.3B
2024
$1.96B
2025
Total reserves ranking
68/177
2024
128/177
2025
Net foreign direct investment
-$12.6B
2024
-$560M
2024
Net inflows of foreign direct investment
$12.5B
2024
$573M
2024
Net outflows of foreign direct investment
-$143M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI n/a
2.91%
2024
Poverty at national poverty lines n/a
27.4%
2023
Gross capital formation, % of GDP
24.8%
2024
34.1%
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/rwanda | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.