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Economy of Oman vs Sudan compared: GDP & Debt

Updated on by Georank team

Oman has a GDP of $107B compared to $49.7B for Sudan, ranking 70/197 and 94/197 by economy size, respectively.

Oman has $38B in government debt (35.5% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Oman vs Sudan GDP by year

Oman
Sudan
1x
Year GDP, current $
Oman Sudan
2024 $107,137,198,769 $49,672,435,513
2023 $106,174,708,037 $39,898,289,821
2022 $109,852,795,839 $51,666,875,363
2021 $87,323,797,139 $34,229,513,775
2020 $75,909,492,848 $27,034,593,750
2019 $88,060,858,257 $32,338,079,165
2018 $91,505,851,756 $32,333,780,383
2017 $80,856,697,009 $41,283,617,976
2016 $75,128,738,622 $42,630,376,000
2015 $78,710,793,238 $51,726,758,677
2014 $92,699,089,727 $49,516,748,618
2013 $89,936,020,806 $43,024,018,082
2012 $87,408,842,653 $37,632,919,967
2011 $77,497,529,259 $55,018,567,211
2010 $64,993,498,049 $58,962,978,034
2009 $55,454,096,229 $51,621,044,077
2008 $69,804,681,404 $64,833,083,257
2007 $48,300,390,117 $59,440,139,775
2006 $42,577,633,290 $45,263,831,634
2005 $35,506,892,068 $35,182,711,988
2004 $28,378,933,680 $26,646,007,251
2003 $24,733,680,104 $21,355,298,460
2002 $23,065,539,662 $18,137,128,388
2001 $22,205,721,717 $15,716,361,792
2000 $22,259,557,867 $12,257,299,147
1999 $17,832,769,831 $10,682,028,340
1998 $16,044,213,264 $11,250,221,537
1997 $18,039,791,938 $11,681,175,864
1996 $17,402,080,624 $9,018,300,725
1995 $15,722,236,671 $13,830,363,900
1994 $14,715,214,564 $12,793,794,737
1993 $14,230,429,129 $8,881,005,436
1992 $14,183,615,085 $7,031,933,492
1991 $12,918,335,501 $44,171,194,366
1990 $13,310,273,082 $33,641,222,222
1989 $9,372,171,651 $21,408,111,111
1988 $8,386,215,865 $14,372,555,556
1987 $7,811,183,095 $12,093,333,333
1986 $7,324,167,369 $10,092,200,000
1985 $10,005,645,420 $8,075,259,600
1984 $8,821,443,151 $10,447,615,385
1983 $7,932,541,691 $8,230,153,846
1982 $7,554,719,456 $8,732,542,274
1981 $7,259,120,151 $10,753,888,154
1980 $5,981,760,278 $8,951,800,000
1979 $3,733,352,635 $8,418,407,787
1978 $2,740,301,390 $8,128,719,315
1977 $2,741,169,948 $7,499,005,639
1976 $2,560,220,035 $6,013,210,816
1975 $2,096,699,189 $4,823,090,192
1974 $1,645,917,776 $3,958,931,660
1973 $483,066,991 $3,077,254,460
1972 $366,883,548 $2,483,055,722
1971 $301,010,587 $2,288,340,041
1970 $256,319,795 $2,100,229,759
1969 $239,999,808 $1,847,501,441
1968 $188,879,849 $1,677,771,401
1967 $107,151,832 $1,607,409,539
1966 $67,759,973 $1,484,491,676
1965 $63,279,975 $1,446,869,619
1964 $61,872,526 $1,388,282,600
1963 $59,912,763 $1,351,234,926
1962 $56,273,202 $1,328,259,625
1961 $45,634,487 $1,222,860,429
1960 $44,234,656 $1,126,364,162

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Oman vs Sudan by year

Oman
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,285 $41,740 $985 $2,116
2023 $21,028 $41,945 $797 $2,421
2022 $23,224 $42,616 $1,046 $3,355
2021 $19,403 $38,719 $712 $3,249
2020 $16,785 $35,163 $578 $3,349
2019 $19,180 $37,251 $710 $3,914
2018 $19,902 $37,780 $731 $4,199
2017 $17,820 $33,619 $967 $4,252
2016 $17,110 $33,334 $1,033 $4,470
2015 $18,808 $36,058 $1,292 $4,217
2014 $23,161 $44,236 $1,275 $4,261
2013 $23,458 $47,013 $1,139 $3,725
2012 $24,642 $49,989 $1,019 $3,710
2011 $25,188 $52,393 $1,522 $4,112
2010 $23,570 $55,667 $1,665 $3,806
2009 $20,656 $55,127 $1,493 $3,732
2008 $26,577 $52,841 $1,928 $3,938
2007 $18,793 $48,627 $1,814 $3,836
2006 $16,931 $46,091 $1,415 $3,637
2005 $14,435 $43,673 $1,125 $3,407
2004 $11,801 $42,142 $872 $3,215
2003 $10,464 $40,935 $714 $3,058
2002 $9,869 $41,511 $621 $2,898
2001 $9,612 $41,679 $551 $2,769
2000 $9,754 $39,443 $441 $2,616
1999 $7,915 $36,792 $394 $2,475
1998 $7,219 $36,666 $425 $2,428
1997 $8,235 $36,809 $453 $2,358
1996 $8,068 $34,661 $357 $2,006
1995 $7,414 $33,598 $561 $1,902
1994 $7,068 $31,925 $532 $1,805
1993 $7,039 $30,987 $379 $1,794
1992 $7,318 $29,773 $307 $1,710
1991 $6,977 $28,109 $1,966 $1,599
1990 $7,546 $26,904 $1,528 $1,468
1989 $5,591 - $992 -
1988 $5,279 - $680 -
1987 $5,204 - $584 -
1986 $5,182 - $497 -
1985 $7,549 - $406 -
1984 $7,070 - $534 -
1983 $6,714 - $431 -
1982 $6,759 - $472 -
1981 $6,866 - $605 -
1980 $5,974 - $525 -
1979 $3,934 - $515 -
1978 $3,044 - $518 -
1977 $3,205 - $497 -
1976 $3,143 - $413 -
1975 $2,692 - $343 -
1974 $2,203 - $291.5 -
1973 $670 - $235.8 -
1972 $524 - $198.2 -
1971 $442 - $189 -
1970 $387 - $179.6 -
1969 $372 - $163.5 -
1968 $300 - $153.7 -
1967 $174.7 - $152.4 -
1966 $113.2 - $145.6 -
1965 $108.1 - $146.8 -
1964 $108.1 - $145.7 -
1963 $106.8 - $146.6 -
1962 $102.3 - $148.9 -
1961 $84.5 - $141.6 -
1960 $83.4 - $134.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Oman's GDP per capita is $20,285, ranking 57/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Sudan ranks 185th at $2,116.

Economic indicators

Oman Sudan
Gross domestic product
$107B
2024
$49.7B
2024
GDP rank
70/197
2024
94/197
2024
GDP growth
1.63%
2023-2024
-14%
2023-2024
GDP per capita
$20,285
2024
$985
2024
GDP per capita rank
57/197
2024
179/197
2024
GDP per capita, PPP
$41,740
2024
$2,116
2024
GDP per capita PPP rank
55/197
2024
185/197
2024
Government debt
$38B
2024
$130B
2024
Debt-to-GDP ratio
35.5%
2024
261.4%
2024
Government debt per person
$7,204
2024
$2,574
2024
Government debt per person rank
67/185
2024
109/185
2024
Average annual personal income after taxes
$20,894
2026
$1,704
2026
Market capitalization of domestic companies
$22.3B
2022
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10% n/a
27.8%
2014
Income share by poorest 10% n/a
3.2%
2014
Government expenditure, % of GDP
28.7%
2024
6.39%
2024
Consumer prices inflation
0.6%
2023-2024
138.8%
2021-2022
Central bank interest rate
4.5%
2025
n/a
Unemployment rate
3.3%
2024
7.53%
2022
Population
5761708
53335233

Spending and national debt comparison by year

Oman
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Oman Sudan
Government spending Government debt Government spending Government debt
2024 28.7% 35.5% 6.39% 261.4%
2023 27.5% 37.5% 8.23% 259.9%
2022 30.9% 41.7% 17.9% 186.9%
2021 36.5% 61.9% 9.84% 189.6%
2020 44.5% 67.9% 10.9% 278.3%
2019 38.8% 52.5% 18.7% 216.5%
2018 38.3% 44.7% 16.8% 209.8%
2017 39.4% 40.1% 12.8% 149.5%
2016 44.6% 29.3% 9.98% 109.9%
2015 44.5% 13.9% 12.4% 93.2%
2014 41.4% 4.04% 13.5% 84.4%
2013 39.3% 4.66% 15.3% 105.8%
2012 38.6% 4.59% 16.5% 117.7%
2011 34.5% 4.44% 18.2% 78.1%
2010 30.6% 5.46% 17.4% 74.6%
2009 33.4% 5.8% 18.8% 71%
2008 25.6% 3.2% 19.7% 55.8%
2007 30.7% 4.44% 19.6% 53.7%
2006 30.1% 7.56% 18.8% 63.7%
2005 30.6% 8.39% 19.7% 75.5%
2004 34.1% 14.5% 16.5% 97.8%
2003 34% 13% 12.5% 117.4%
2002 34.1% 15.9% 10.5% 121.7%
2001 33.3% 22.5% 9.87% 125.6%
2000 31.2% 21.7% 10.4% 143.2%
1999 34.2% 28.9% 8.4% 160.5%
1998 36.1% 30.9% 7.79% 179.7%
1997 32.1% 20.8% 7.38% 167.7%
1996 33.5% 21.2% 9.31% 220.9%
1995 38.2% 21.9% 12.9% 239%
1994 39.7% 23.6% 19.6% 386%
1993 40.1% 22.2% 23.7% 285.9%
1992 40.1% 23.1% 50.4% 495%
1991 37.4% 22.6% 45.7% -
1990 36.5% 17.8% 31% -

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

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

In 2024, Oman's government spending was $30.7B, accounting for 28.7% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 35.5% in Oman and 261.4% in Sudan, ranking 145/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Sudan
1x
Year Deficit/surplus, % of GDP
Oman Sudan
2024 3.31% -3.46%
2023 6.87% -3.7%
2022 10.5% -2.15%
2021 -3.17% -0.29%
2020 -15.7% -6.03%
2019 -4.83% -10.8%
2018 -6.72% -7.92%
2017 -10.5% -6.07%
2016 -19.6% -3.92%
2015 -13.5% -3.87%
2014 -1.58% -4.72%
2013 2.78% -5.76%
2012 4.07% -7.37%
2011 8.24% -2.33%
2010 4.95% 0.11%
2009 -0.27% -3.8%
2008 14.7% 0.49%
2007 10.5% -2.84%
2006 12.2% -1.32%
2005 11.2% -1.88%
2004 5.43% 0.16%
2003 5.92% 0.77%
2002 5.31% -0.69%
2001 7.55% -0.77%
2000 12.2% -0.7%
1999 0.3% -0.8%
1998 -4.37% -0.56%
1997 4.77% -0.59%
1996 2.22% -2.61%
1995 -3.9% -3.48%
1994 -7.47% -3.03%
1993 -6.84% -8.04%
1992 -4.85% -24.5%
1991 0.12% -26.5%
1990 4.78% -16.2%

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

GeoRank.org/economy/oman/sudan | 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 Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 35 years, Oman recorded a fiscal deficit in 14 of those years, while Sudan ran a deficit in 31 years. On average, Oman posted an annual surplus equal to 0.99% of GDP, compared to deficit of 4.72% of GDP for Sudan.

Inflation comparison by year

Inflation
Oman

Sudan
1x
Year Consumer prices inflation
Oman Sudan
2024 0.6% -
2023 1% -
2022 2.5% 138.8%
2021 1.7% 359%
2020 -0.4% 163.3%
2019 0.5% 51%
2018 0.7% 63.3%
2017 1.5% 32.4%
2016 0.9% 17.8%
2015 0.1% 16.9%
2014 1.2% 36.9%
2013 1.3% 36.5%
2012 2.9% 35.6%
2011 4.1% 18.1%
2010 3.3% 13%
2009 3.5% 11.3%
2008 12.6% 14.3%
2007 5.9% 14.8%
2006 3.2% 7.2%
2005 1.9% 8.51%
2004 0.8% 9.66%
2003 0.2% 6.49%
2002 -0.3% 22.2%
2001 -0.8% 1.94%
2000 -1.2% 7.12%
1999 0.5% 17.2%
1998 0.4% 24.6%
1997 -0.4% 47.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2022, retrieved 2026-04-06).

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

Over the past 26 years, Oman has recorded an average annual inflation rate of 1.79%, compared with 45.2% in Sudan. In 2022, inflation was 0.6% in Oman and 138.8% in Sudan.

Top exports between countries

Oman
Export category Export value
Metals $4.44M
Processed food, beverages & tobacco $4.42M
Raw materials & minerals $3.63M
Machinery & equipment $2.47M
Animal & marine products $2.33M
Chemicals & pharma $2.22M
Textiles & consumer goods $598K
Raw agricultural goods $566K
Miscellaneous $327K
Wood & paper products $70K
Sudan
Export category Export value
Animal & marine products $943K
Raw agricultural goods $848K
Machinery & equipment $2K
Processed food, beverages & tobacco $2K

Balance of trade

Oman Sudan
Current account balance
$3.07B
2024
-$4.44B
2022
Current account balance ranking
39/190
2024
165/190
2022
Current account balance, % of GDP
+2.86%
2024
-8.6%
2022
Goods imports
$39.5B
2024
$9.99B
2022
Goods exports
$65.2B
2024
$4.36B
2022
Service imports
$12.8B
2024
$1.59B
2022
Service exports
$5.64B
2024
$1.55B
2022
Imports of goods and services, % of GDP
48.8%
2024
1.27%
2024
Exports of goods and services, % of GDP
66.1%
2024
0.72%
2024

Economic freedom indices

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

Oman Sudan
Economic freedom 68.5 32.5
Economic freedom ranking 45/197 191/197
Property rights 71.8 6.5
Government integrity 49.4 13.8
Judicial effectiveness 28 2.4
Tax burden 97.6 84.7
Government spending 74.7 96.5
Fiscal health 97.5 64.6
Business freedom 67.8 27.3
Labor freedom 47.7 33.6
Monetary freedom 79.2 6.2
Trade freedom 78.4 29.6
Investment freedom 70 5
Financial freedom 60 20

Economic freedom comparison by year

Oman
Sudan
1x
Year Economic freedom index
Oman Sudan
2026 68.5 32.5
2025 65.4 35.3
2024 62.9 33.9
2023 58.5 32.8
2022 56.6 32
2021 64.6 39.1
2020 63.6 45
2019 61 47.7
2018 61 49.4
2017 62.1 48.8
2016 67.1 -
2015 66.7 -
2014 67.4 -
2013 68.1 -
2012 67.9 -
2011 69.8 -
2010 67.7 -
2009 67 -
2008 67.3 -
2007 65.8 -
2006 63.7 -
2005 66.5 -
2004 66.9 -
2003 64.6 -
2002 64 -
2001 67.7 -
2000 64.1 47.2
1999 64.9 39.6
1998 64.9 38.3
1997 64.5 39.9
1996 65.4 39.2
1995 70.2 39.4

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Sudan
Services, % of GDP
46%
2024
54.7%
2024
Industry, % of GDP
54.2%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.6%
2024
22.2%
2024
GNI, Atlas method
$103B
2024
$35.8B
2024
GNI per capita, PPP
$39,340
2024
$2,050
2024
Total reserves including gold
$18.3B
2024
$178M
2017
Total reserves ranking
64/177
2024
171/177
2017
Net foreign direct investment
-$12.6B
2024
-$574M
2022
Net inflows of foreign direct investment
$12.5B
2024
$548M
2023
Net outflows of foreign direct investment
-$143M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.42%
2024
Poverty at national poverty lines n/a
46.5%
2020
Gross capital formation, % of GDP
24.8%
2024
2.89%
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/sudan | 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. TradeMap (2018–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.