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Economy of Oman vs Slovakia compared: GDP & Debt

Updated on by Georank

Oman has a GDP of $110B compared to $155B for Slovakia, ranking 70/197 and 60/197 by economy size, respectively.

Oman has $39.2B in government debt (35.8% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Oman vs Slovakia GDP by year

Oman
Slovakia
1x
Year GDP, current $
Oman Slovakia
2025 $109,604,780,696 $154,530,066,507
2024 $107,137,198,700 $140,934,076,532
2023 $106,174,707,932 $133,578,518,424
2022 $109,852,795,839 $115,792,972,358
2021 $87,323,797,139 $120,511,265,913
2020 $75,909,492,848 $107,732,602,896
2019 $88,060,858,257 $105,843,498,304
2018 $91,505,851,756 $106,611,673,365
2017 $80,856,697,009 $95,978,130,735
2016 $75,128,738,622 $90,347,173,229
2015 $78,710,793,238 $89,178,548,717
2014 $92,699,089,727 $101,713,075,599
2013 $89,936,020,806 $99,134,277,850
2012 $87,408,842,653 $94,724,394,278
2011 $77,497,529,259 $99,705,104,723
2010 $64,993,498,049 $91,112,160,801
2009 $55,454,096,229 $89,342,984,698
2008 $69,804,681,404 $96,685,492,864
2007 $48,300,390,117 $77,019,443,089
2006 $42,577,633,290 $57,111,148,619
2005 $35,506,892,068 $48,823,790,951
2004 $28,378,933,680 $42,960,730,480
2003 $24,733,680,104 $33,761,723,946
2002 $23,065,539,662 $24,768,142,566
2001 $22,205,721,717 $21,377,597,035
2000 $22,259,557,867 $20,626,538,612
1999 $17,832,769,831 $20,813,421,086
1998 $16,044,213,264 $22,911,708,405
1997 $18,039,791,938 $22,026,728,498
1996 $17,402,080,624 $21,864,845,214
1995 $15,722,236,671 $20,306,095,054
1994 $14,715,214,564 $16,187,735,322
1993 $14,230,429,129 $13,991,963,247
1992 $14,183,615,085 $12,932,972,789
1991 $12,918,335,501 $11,952,983,608
1990 $13,310,273,082 $17,068,924,602
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Oman vs Slovakia by year

Oman
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,947 - $28,544 -
2024 $20,285 $41,740 $25,993 $48,132
2023 $21,028 $41,945 $24,615 $45,974
2022 $23,224 $42,616 $21,318 $41,562
2021 $19,403 $38,719 $22,123 $38,346
2020 $16,785 $35,163 $19,735 $35,328
2019 $19,180 $37,251 $19,406 $33,986
2018 $19,902 $37,780 $19,573 $31,510
2017 $17,820 $33,619 $17,646 $30,246
2016 $17,110 $33,334 $16,636 $29,868
2015 $18,808 $36,058 $16,442 $30,148
2014 $23,161 $44,236 $18,771 $29,108
2013 $23,458 $47,013 $18,313 $28,075
2012 $24,642 $49,989 $17,517 $27,023
2011 $25,188 $52,393 $18,469 $26,202
2010 $23,570 $55,667 $16,899 $25,382
2009 $20,656 $55,127 $16,587 $23,077
2008 $26,577 $52,841 $17,974 $23,714
2007 $18,793 $48,627 $14,330 $21,232
2006 $16,931 $46,091 $10,629 $18,906
2005 $14,435 $43,673 $9,087 $16,570
2004 $11,801 $42,142 $7,997 $15,166
2003 $10,464 $40,935 $6,283 $14,088
2002 $9,869 $41,511 $4,606 $13,292
2001 $9,612 $41,679 $3,974 $12,367
2000 $9,754 $39,443 $3,828 $11,370
1999 $7,915 $36,792 $3,857 $10,726
1998 $7,219 $36,666 $4,250 $10,666
1997 $8,235 $36,809 $4,092 $10,137
1996 $8,068 $34,661 $4,069 $9,500
1995 $7,414 $33,598 $3,787 $8,812
1994 $7,068 $31,925 $3,028 $8,178
1993 $7,039 $30,987 $2,627 $7,569
1992 $7,318 $29,773 $2,438 $7,270
1991 $6,977 $28,109 $2,254 $7,623
1990 $7,546 $26,904 $3,221 $8,638
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 (1960–2025, retrieved 2026-07-08).

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

Oman's GDP per capita is $19,947, ranking 60/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Slovakia ranks 49th at $48,132.

Economic indicators

Oman Slovakia
Gross domestic product
$110B
2025
$155B
2025
GDP rank
70/197
2025
60/197
2025
GDP growth
2.4%
2024-2025
0.81%
2024-2025
GDP per capita
$19,947
2025
$28,544
2025
GDP per capita rank
60/197
2025
46/197
2025
GDP per capita, PPP
$41,740
2024
$48,132
2024
GDP per capita PPP rank
55/197
2024
49/197
2024
Government debt
$39.2B
2025
$95.3B
2025
Debt-to-GDP ratio
35.8%
2025
61.6%
2025
Government debt per person
$7,132
2025
$17,597
2025
Government debt per person rank
70/185
2025
36/185
2025
Average annual personal income after taxes
$19,851
2026
$17,518
2026
Market capitalization of domestic companies
$41.3B
2025
$5.38B
2014
Number of billionaires
2
2026
2
2026
Income share by richest 10% n/a
18.8%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
28.9%
2025
48.7%
2025
Consumer prices inflation
1%
2024-2025
4%
2024-2025
Central bank interest rate
4.5%
2025
n/a
Unemployment rate
3.3%
2024
5.4%
2025
Population
5775345
5376239

Spending and national debt comparison by year

Oman
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Oman Slovakia
Government spending Government debt Government spending Government debt
2025 28.9% 35.8% 48.7% 61.6%
2024 28.7% 35.5% 47.5% 59.7%
2023 27.5% 37.4% 48.2% 55.8%
2022 31.1% 41.7% 43.1% 57.8%
2021 36.5% 61.9% 44.8% 60.2%
2020 44.5% 67.9% 44.5% 58.4%
2019 38.8% 52.5% 40.6% 48%
2018 38.3% 44.7% 39.7% 49.3%
2017 39.4% 40.1% 39.8% 51.4%
2016 44.6% 29.3% 40.9% 52.1%
2015 44.5% 13.9% 44.1% 51.6%
2014 41.4% 4.04% 42% 53.4%
2013 39.3% 4.66% 41.1% 54.6%
2012 38.6% 4.59% 40% 51.7%
2011 34.5% 4.44% 40.8% 43.3%
2010 30.6% 5.46% 41% 40.7%
2009 33.4% 5.8% 43.2% 36.4%
2008 25.6% 3.2% 36.5% 28.6%
2007 30.7% 4.44% 35.9% 30.4%
2006 30.1% 7.56% 38.2% 31.5%
2005 30.6% 8.39% 39.1% 35%
2004 34.1% 14.5% 38.4% 42%
2003 34% 13% 40% 43.6%
2002 34.1% 15.9% 46% 45.6%
2001 33.3% 22.5% 46.2% 51.4%
2000 31.2% 21.7% 53.2% 50.6%
1999 34.2% 28.9% 48.4% 47.1%
1998 36.1% 30.9% 46.2% 33.9%
1997 32.1% 20.8% 48.6% 32.8%
1996 33.5% 21.2% 52.8% 30.3%
1995 38.2% 21.9% 47.8% 21.3%
1994 39.7% 23.6% - -
1993 40.1% 22.2% - -
1992 40.1% 23.1% - -
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/slovakia | CC BY

In 2025, Oman's government spending was $31.7B, accounting for 28.9% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 35.8% in Oman and 61.6% in Slovakia, ranking 142/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Slovakia
1x
Year Deficit/surplus, % of GDP
Oman Slovakia
2025 1.04% -5.02%
2024 3.22% -5.5%
2023 6.72% -5.3%
2022 10.3% -1.56%
2021 -3.17% -5.09%
2020 -15.7% -5.3%
2019 -4.83% -1.21%
2018 -6.72% -1.01%
2017 -10.5% -0.98%
2016 -19.6% -2.59%
2015 -13.5% -2.78%
2014 -1.58% -3.25%
2013 2.78% -2.86%
2012 4.07% -4.37%
2011 8.24% -4.36%
2010 4.95% -7.44%
2009 -0.27% -8.18%
2008 14.7% -2.54%
2007 10.5% -2.26%
2006 12.2% -3.57%
2005 11.2% -2.86%
2004 5.43% -2.36%
2003 5.92% -2.28%
2002 5.31% -8.35%
2001 7.55% -7.74%
2000 12.2% -12.7%
1999 0.3% -7.25%
1998 -4.37% -5.37%
1997 4.77% -6.24%
1996 2.22% -9.72%
1995 -3.9% -3.43%
1994 -7.47% -
1993 -6.84% -
1992 -4.85% -
1991 0.12% -
1990 4.78% -

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

GeoRank.org/economy/oman/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Oman recorded a fiscal deficit in 11 of those years, while Slovakia ran a deficit in 31 years. On average, Oman posted an annual surplus equal to 1.6% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Oman

Slovakia
1x
Year Consumer prices inflation
Oman Slovakia
2025 1% 4%
2024 0.6% 2.76%
2023 1% 10.5%
2022 2.5% 12.8%
2021 1.7% 3.15%
2020 -0.4% 1.94%
2019 0.5% 2.66%
2018 0.7% 2.51%
2017 1.5% 1.31%
2016 0.9% -0.52%
2015 0.1% -0.33%
2014 1.2% -0.08%
2013 1.3% 1.4%
2012 2.9% 3.61%
2011 4.1% 3.92%
2010 3.3% 0.96%
2009 3.5% 1.62%
2008 12.6% 4.6%
2007 5.9% 2.76%
2006 3.2% 4.48%
2005 1.9% 2.71%
2004 0.8% 7.55%
2003 0.2% 8.55%
2002 -0.3% 3.13%
2001 -0.8% 7.33%
2000 -1.2% 12%
1999 0.5% 10.6%
1998 0.4% 6.67%
1997 -0.4% 6.14%

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/slovakia | CC BY

Over the past 29 years, Oman has recorded an average annual inflation rate of 1.7%, compared with 4.44% in Slovakia. In 2025, inflation was 1% in Oman and 4% in Slovakia.

Top exports between countries

Oman
Export category Export value
Machinery & equipment $251K
Textiles & consumer goods $66K
Miscellaneous $2K
Slovakia
Export category Export value
Machinery & equipment $34.6M
Raw materials & minerals $934K
Textiles & consumer goods $842K
Processed food, beverages & tobacco $410K
Chemicals & pharma $235K
Wood & paper products $230K
Metals $122K
Miscellaneous $46K
Raw agricultural goods $25K
Animal & marine products $8K

Balance of trade

Oman Slovakia
Current account balance
$3.07B
2024
-$5.6B
2025
Current account balance ranking
37/190
2024
165/190
2025
Current account balance, % of GDP
+2.86%
2024
-3.63%
2025
Goods imports
$39.5B
2024
$117B
2025
Goods exports
$65.2B
2024
$117B
2025
Service imports
$12.8B
2024
$14.3B
2025
Service exports
$5.64B
2024
$14.7B
2025
Imports of goods and services, % of GDP
48.8%
2024
85.2%
2025
Exports of goods and services, % of GDP
66.1%
2024
85.1%
2025

Economic freedom indices

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

Oman Slovakia
Economic freedom 68.5 67.7
Economic freedom ranking 45/197 54/197
Property rights 71.8 82.6
Government integrity 49.4 57.2
Judicial effectiveness 28 70.5
Tax burden 97.6 75.4
Government spending 74.7 36.4
Fiscal health 97.5 69.6
Business freedom 67.8 71.1
Labor freedom 47.7 55.1
Monetary freedom 79.2 69.7
Trade freedom 78.4 79.4
Investment freedom 70 75
Financial freedom 60 70

Economic freedom comparison by year

Oman
Slovakia
1x
Year Economic freedom index
Oman Slovakia
2026 68.5 67.7
2025 65.4 68.4
2024 62.9 68.1
2023 58.5 69
2022 56.6 69.7
2021 64.6 66.3
2020 63.6 66.8
2019 61 65
2018 61 65.3
2017 62.1 65.7
2016 67.1 66.6
2015 66.7 67.2
2014 67.4 66.4
2013 68.1 68.7
2012 67.9 67
2011 69.8 69.5
2010 67.7 69.7
2009 67 69.4
2008 67.3 70
2007 65.8 69.6
2006 63.7 69.8
2005 66.5 66.8
2004 66.9 64.6
2003 64.6 59
2002 64 59.8
2001 67.7 58.5
2000 64.1 53.8
1999 64.9 54.2
1998 64.9 57.5
1997 64.5 55.5
1996 65.4 57.6
1995 70.2 60.4

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Slovakia
Services, % of GDP
47.2%
2025
59.8%
2025
Industry, % of GDP
52.7%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.81%
2025
1.59%
2025
GNI, Atlas method
$103B
2024
$143B
2025
GNI per capita, PPP
$39,390
2024
$47,920
2025
Total reserves including gold
$18.3B
2024
$18.2B
2025
Total reserves ranking
68/177
2024
69/177
2025
Net foreign direct investment
-$12.6B
2024
-$198M
2025
Net inflows of foreign direct investment
$12.5B
2024
$5.01B
2024
Net outflows of foreign direct investment
-$143M
2024
$2.24B
2024
Poverty at national poverty lines n/a
13.7%
2021
Gross capital formation, % of GDP
24.8%
2024
20.1%
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/slovakia | 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)

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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.