Oman vs Saudi Arabia: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Oman ranked 69th with $79.3B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Oman ranked 124th vs 114th and 41st vs 56th, respectively.

Gross Domestic Product & Income

Stat	Oman	Saudi Arabia
GDP	$79.3B	$786.5B
GDP growth, 1 year	2.1%	2.2%
GDP growth, 5-years average	2.4%	2.2%
Population	4.8M	33M
GDP per capita	$16k	$23k
GDP per capita growth	-1.68%	0.61%
Purchasing Power Parity conversion factor	0.15	1.58
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.42
GDP per capita, PPP adjusted	$47k	$56k
GNI, Atlas method	$73.1B	$727.8B
GNI per capita	$15k	$22k
GNI, PPP adjusted	$201.3B	$1.9T
GNI per capita, PPP adjusted	$42k	$56k

Financial system and Human development

Stat	Oman	Saudi Arabia
Income Tax Rate	0%	2.5%
Corporate Tax Rate	12%	2.5%
Inflation, consumer prices	0.9%	2.5%
Inflation, GDP deflator	10.3%	11.5%
Unemployment	3.1%	5.9%
Economic Freedom Index	63.6	62.4
Personal Freedom Index	5.55	4.65
Human Freedom Index	6.3	5.66
Property Rights Index	66.4	64.6
Judical Effectiveness Index	66.2	72.3
Business Freedom Index	74.6	66.6
Fiscal Health Index	14.8	19.3
Labor Freedom Index	56.9	63.3
Investment Freedom Index	65	45
Financial Freedom Index	60	50
Trade Freedom Index	81.6	75.4
Monetary Freedom Index	78.4	81
Government Spending Index	36.2	61.8
Tax Burden Index	98.4	99.8
Government Integrity Index	64.6	49.6
Corruption Perceptions Index	52	49
Life expectancy at birth, years	77.4	74.9
Suicide mortality rate, per 100,000 people	3.9	3.2
Mortality caused by road traffic injury, per 100,000 people	16.1	28.8
Intentional homicides, per 100,000 people	0.5	1.3
International tourism, number of arrivals	2.3M	15.3M

Government debt & reserves

Stat	Oman	Saudi Arabia
Central government debt, % of GDP	50.9%	19.1%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	-11.3%	13.4%
Gross savings, % of GDP	23.9%	33.2%
Gross capital formation, % of GDP	23.2%	24.2%
Total reserves including gold	$17.4B	$509.5B
Foreign direct investment net inflows	$6.3B	$4.2B

Exports, imports and economic structure

Stat	Oman	Saudi Arabia
Exports of goods and services, % of GDP	58.3%	39.9%
Imports of goods and services, % of GDP	44.5%	26.7%
Current account balance (balance of payments)	-$4.3B	$70.6B
Revenue excluding grants, % of GDP	N/A	26.8%
Grants excluding technical cooperation, BoP	$17M	$290k
Personal remittances received	$39M	$334.9M
Industry including construction value added, % of GDP	46.8%	49.5%
Agriculture, forestry and fishing value added, % of GDP	2.2%	2.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	N/A	28%
Government Expenditure, % of GDP	46.1%	35.7%