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Economy of Oman vs Syria compared: GDP & Debt

Updated on by Georank

Oman has a GDP of $110B compared to $20B for Syria, ranking 70/197 and 134/197 by economy size, respectively.

Oman has $39.2B in government debt (35.8% of GDP), compared to $18.4B (30% of GDP) in Syria.

Oman vs Syria GDP by year

Oman
Syria
1x
Year GDP, current $
Oman Syria
2025 $109,604,780,696 -
2024 $107,137,198,700 -
2023 $106,174,707,932 $19,993,439,950
2022 $109,852,795,839 $23,737,634,644
2021 $87,323,797,139 $14,892,885,528
2020 $75,909,492,848 $12,501,503,673
2019 $88,060,858,257 $22,583,046,645
2018 $91,505,851,756 $21,497,779,248
2017 $80,856,697,009 $16,369,842,725
2016 $75,128,738,622 $12,597,854,088
2015 $78,710,793,238 $16,466,861,435
2014 $92,699,089,727 $21,502,061,466
2013 $89,936,020,806 $21,361,254,635
2012 $87,408,842,653 $43,190,318,033
2011 $77,497,529,259 $67,539,433,544
2010 $64,993,498,049 $61,390,833,273
2009 $55,454,096,229 $54,111,721,044
2008 $69,804,681,404 $52,557,913,397
2007 $48,300,390,117 $40,465,331,020
2006 $42,577,633,290 $33,751,812,959
2005 $35,506,892,068 $28,858,937,499
2004 $28,378,933,680 $25,086,910,448
2003 $24,733,680,104 $21,828,144,686
2002 $23,065,539,662 $20,786,986,580
2001 $22,205,721,717 $20,078,599,626
2000 $22,259,557,867 $18,937,031,610
1999 $17,832,769,831 $15,873,875,969
1998 $16,044,213,264 $15,200,846,154
1997 $18,039,791,938 $14,505,233,463
1996 $17,402,080,624 $13,789,560,878
1995 $15,722,236,671 $11,396,706,587
1994 $14,715,214,564 $10,122,020,000
1993 $14,230,429,129 $13,695,962,055
1992 $14,183,615,085 $13,253,565,861
1991 $12,918,335,501 $12,981,833,333
1990 $13,310,273,082 $12,308,624,418
1989 $9,372,171,651 $9,853,395,762
1988 $8,386,215,865 $10,577,041,645
1987 $7,811,183,095 $11,356,215,543
1986 $7,324,167,369 $13,293,205,278
1985 $10,005,645,420 $16,403,539,893
1984 $8,821,443,151 $17,503,078,174
1983 $7,932,541,691 $17,589,277,143
1982 $7,554,719,456 $16,298,929,011
1981 $7,259,120,151 $15,518,201,335
1980 $5,981,760,278 $13,062,420,382
1979 $3,733,352,635 $9,929,681,529
1978 $2,740,301,390 $9,275,200,458
1977 $2,741,169,948 $7,696,011,396
1976 $2,560,220,035 $7,633,528,867
1975 $2,096,699,189 $6,826,980,444
1974 $1,645,917,776 $5,159,557,148
1973 $483,066,991 $3,239,487,516
1972 $366,883,548 $3,059,681,698
1971 $301,010,587 $2,589,851,325
1970 $256,319,795 $2,140,384,010
1969 $239,999,808 $2,245,011,515
1968 $188,879,849 $1,753,746,430
1967 $107,151,832 $1,580,229,799
1966 $67,759,973 $1,342,287,553
1965 $63,279,975 $1,472,036,540
1964 $61,872,526 $1,339,494,267
1963 $59,912,763 $1,200,447,408
1962 $56,273,202 $1,110,565,881
1961 $45,634,487 $945,244,972
1960 $44,234,656 $857,704,413

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

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

GDP per capita in Oman vs Syria by year

Oman
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,947 - - -
2024 $20,285 $41,740 - -
2023 $21,028 $41,945 $847 $4,650
2022 $23,224 $42,616 $1,057 $4,772
2021 $19,403 $38,719 $689 $4,593
2020 $16,785 $35,163 $594 $3,738
2019 $19,180 $37,251 $1,110 $3,502
2018 $19,902 $37,780 $1,098 $3,456
2017 $17,820 $33,619 $852 $3,265
2016 $17,110 $33,334 $656 -
2015 $18,808 $36,058 $848 -
2014 $23,161 $44,236 $1,061 -
2013 $23,458 $47,013 $986 -
2012 $24,642 $49,989 $1,898 -
2011 $25,188 $52,393 $2,952 -
2010 $23,570 $55,667 $2,731 -
2009 $20,656 $55,127 $2,462 -
2008 $26,577 $52,841 $2,429 -
2007 $18,793 $48,627 $1,938 -
2006 $16,931 $46,091 $1,719 -
2005 $14,435 $43,673 $1,534 -
2004 $11,801 $42,142 $1,368 -
2003 $10,464 $40,935 $1,220 -
2002 $9,869 $41,511 $1,190 -
2001 $9,612 $41,679 $1,178 -
2000 $9,754 $39,443 $1,138 -
1999 $7,915 $36,792 $978 -
1998 $7,219 $36,666 $961 -
1997 $8,235 $36,809 $941 -
1996 $8,068 $34,661 $918 -
1995 $7,414 $33,598 $780 -
1994 $7,068 $31,925 $712 -
1993 $7,039 $30,987 $993 -
1992 $7,318 $29,773 $990 -
1991 $6,977 $28,109 $1,000 -
1990 $7,546 $26,904 $978 -
1989 $5,591 - $809 -
1988 $5,279 - $898 -
1987 $5,204 - $997 -
1986 $5,182 - $1,208 -
1985 $7,549 - $1,544 -
1984 $7,070 - $1,706 -
1983 $6,714 - $1,776 -
1982 $6,759 - $1,703 -
1981 $6,866 - $1,676 -
1980 $5,974 - $1,458 -
1979 $3,934 - $1,146 -
1978 $3,044 - $1,108 -
1977 $3,205 - $951 -
1976 $3,143 - $976 -
1975 $2,692 - $904 -
1974 $2,203 - $707 -
1973 $670 - $459 -
1972 $524 - $448 -
1971 $442 - $393 -
1970 $387 - $335 -
1969 $372 - $364 -
1968 $300 - $293.3 -
1967 $174.7 - $272.9 -
1966 $113.2 - $239.3 -
1965 $108.1 - $270.8 -
1964 $108.1 - $254.2 -
1963 $106.8 - $234.9 -
1962 $102.3 - $223.9 -
1961 $84.5 - $196.3 -
1960 $83.4 - $183.5 -

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

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

Oman's GDP per capita is $19,947, ranking 60/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Syria ranks 160th at $4,650.

Economic indicators

Oman Syria
Gross domestic product
$110B
2025
$20B
2023
GDP rank
70/197
2025
134/197
2023
GDP growth
2.4%
2024-2025
-1.85%
2022-2023
GDP per capita
$19,947
2025
$847
2023
GDP per capita rank
60/197
2025
185/197
2023
GDP per capita, PPP
$41,740
2024
$4,650
2023
GDP per capita PPP rank
55/197
2024
160/197
2023
Government debt
$39.2B
2025
$18.4B
2010
Debt-to-GDP ratio
35.8%
2025
30%
2010
Government debt per person
$7,132
2025
$820
2010
Government debt per person rank
70/185
2025
150/185
2010
Average annual personal income after taxes
$19,851
2026
$693
2026
Market capitalization of domestic companies
$41.3B
2025
n/a
Number of billionaires
2
2026
n/a
Income share by richest 10% n/a
20.9%
2022
Income share by poorest 10% n/a
3.8%
2022
Government expenditure, % of GDP
28.9%
2025
28.6%
2010
Consumer prices inflation
1%
2024-2025
13.4%
2018-2019
Central bank interest rate
4.5%
2025
n/a
Unemployment rate
3.3%
2024
14.9%
2011
Population
5775345
26956472

Spending and national debt comparison by year

Oman
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Oman Syria
Government spending Government debt Government spending Government debt
2025 28.9% 35.8% - -
2024 28.7% 35.5% - -
2023 27.5% 37.4% - -
2022 31.1% 41.7% - -
2021 36.5% 61.9% - -
2020 44.5% 67.9% - -
2019 38.8% 52.5% - -
2018 38.3% 44.7% - -
2017 39.4% 40.1% - -
2016 44.6% 29.3% - -
2015 44.5% 13.9% - -
2014 41.4% 4.04% - -
2013 39.3% 4.66% - -
2012 38.6% 4.59% - -
2011 34.5% 4.44% - -
2010 30.6% 5.46% 28.6% 30%
2009 33.4% 5.8% 26.7% 31.2%
2008 25.6% 3.2% 22.9% 37.3%
2007 30.7% 4.44% 25.7% 42.7%
2006 30.1% 7.56% 26.3% 45%
2005 30.6% 8.39% 28.2% 50.7%
2004 34.1% 14.5% 31.3% 113%
2003 34% 13% 32.6% 133.4%
2002 34.1% 15.9% 28.5% 132.4%
2001 33.3% 22.5% 28% 144.5%
2000 31.2% 21.7% 27.4% 152.1%
1999 34.2% 28.9% 28% 147.7%
1998 36.1% 30.9% 28.8% 151.2%
1997 32.1% 20.8% 29% 147.6%
1996 33.5% 21.2% 27.7% 141.5%
1995 38.2% 21.9% 29.8% 152.6%
1994 39.7% 23.6% 30.3% 163%
1993 40.1% 22.2% 29.4% 171.9%
1992 40.1% 23.1% 34.2% 173.6%
1991 37.4% 22.6% 34.3% 182.4%
1990 36.5% 17.8% 28.3% 189.8%

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

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

In 2025, Oman's government spending was $31.7B, accounting for 28.9% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 35.8% in Oman and 30% in Syria, ranking 142/185 and 155/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Syria
1x
Year Deficit/surplus, % of GDP
Oman Syria
2025 1.04% -
2024 3.22% -
2023 6.72% -
2022 10.3% -
2021 -3.17% -
2020 -15.7% -
2019 -4.83% -
2018 -6.72% -
2017 -10.5% -
2016 -19.6% -
2015 -13.5% -
2014 -1.58% -
2013 2.78% -
2012 4.07% -
2011 8.24% -
2010 4.95% -7.79%
2009 -0.27% -2.89%
2008 14.7% -2.86%
2007 10.5% -2.99%
2006 12.2% -1.12%
2005 11.2% -4.41%
2004 5.43% -4.18%
2003 5.92% -2.7%
2002 5.31% -2.02%
2001 7.55% 2.3%
2000 12.2% -1.36%
1999 0.3% -1.47%
1998 -4.37% -2.81%
1997 4.77% -1.78%
1996 2.22% -2.83%
1995 -3.9% -3.81%
1994 -7.47% -6%
1993 -6.84% -4.96%
1992 -4.85% -7.26%
1991 0.12% -6.57%
1990 4.78% -3.92%

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

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

In 2010, Oman's government surplus, the difference between spending and revenue, was $3.21B, equivalent to 4.95% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, Oman recorded a fiscal deficit in 6 of those years, while Syria ran a deficit in 20 years. On average, Oman posted an annual surplus equal to 3.54% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Oman

Syria
1x
Year Consumer prices inflation
Oman Syria
2025 1% -
2024 0.6% -
2023 1% -
2022 2.5% -
2021 1.7% -
2020 -0.4% -
2019 0.5% 13.4%
2018 0.7% 0.94%
2017 1.5% 18.1%
2016 0.9% 47.7%
2015 0.1% 38.5%
2014 1.2% 10.9%
2013 1.3% 40%
2012 2.9% 36.7%
2011 4.1% 4.75%
2010 3.3% 4.4%
2009 3.5% 2.92%
2008 12.6% 15.7%
2007 5.9% 3.91%
2006 3.2% 10%
2005 1.9% 7.24%
2004 0.8% 4.43%
2003 0.2% 5.8%
2002 -0.3% -0.13%
2001 -0.8% 3%
2000 -1.2% -3.85%
1999 0.5% -3.7%
1998 0.4% -0.8%
1997 -0.4% 1.89%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

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

Over the past 23 years, Oman has recorded an average annual inflation rate of 1.86%, compared with 11.4% in Syria. In 2019, inflation was 1% in Oman and 13.4% in Syria.

Top exports between countries

Oman
Export category Export value
Machinery & equipment $1.22M
Chemicals & pharma $591K
Raw materials & minerals $218K
Metals $133K
Animal & marine products $107K
Processed food, beverages & tobacco $103K
Raw agricultural goods $32K
Miscellaneous $27K
Textiles & consumer goods $25K
Precious metals & jewellery $19K
Syria
Export category Export value
Raw agricultural goods $9.4M
Machinery & equipment $3.82M
Processed food, beverages & tobacco $1.49M
Chemicals & pharma $1.44M
Textiles & consumer goods $1.33M
Metals $225K
Wood & paper products $114K
Animal & marine products $80K
Miscellaneous $22K
Precious metals & jewellery $15K

Balance of trade

Oman Syria
Current account balance
$3.07B
2024
-$367M
2010
Current account balance ranking
37/190
2024
99/190
2010
Current account balance, % of GDP
+2.86%
2024
-0.6%
2010
Goods imports
$39.5B
2024
$15.9B
2010
Goods exports
$65.2B
2024
$12.3B
2010
Service imports
$12.8B
2024
$3.53B
2010
Service exports
$5.64B
2024
$7.33B
2010
Imports of goods and services, % of GDP
48.8%
2024
28.7%
2022
Exports of goods and services, % of GDP
66.1%
2024
6.78%
2022

Economic freedom indices

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

Oman Syria
Economic freedom 68.5 51.2
Economic freedom ranking 45/197 155/197
Property rights 71.8 4
Government integrity 49.4 3.6
Judicial effectiveness 28 3.7
Tax burden 97.6 87.3
Government spending 74.7 78.5
Fiscal health 97.5 13.8
Business freedom 67.8 33.8
Labor freedom 47.7 37.2
Monetary freedom 79.2 80
Trade freedom 78.4 47
Investment freedom 70 0
Financial freedom 60 20

Economic freedom comparison by year

Oman
Syria
1x
Year Economic freedom index
Oman Syria
2026 68.5 -
2025 65.4 -
2024 62.9 -
2023 58.5 -
2022 56.6 -
2021 64.6 -
2020 63.6 -
2019 61 -
2018 61 -
2017 62.1 -
2016 67.1 -
2015 66.7 -
2014 67.4 -
2013 68.1 -
2012 67.9 51.2
2011 69.8 51.3
2010 67.7 49.4
2009 67 51.3
2008 67.3 47.2
2007 65.8 48.3
2006 63.7 51.2
2005 66.5 46.3
2004 66.9 40.6
2003 64.6 41.3
2002 64 36.3
2001 67.7 36.6
2000 64.1 37.2
1999 64.9 39
1998 64.9 42.2
1997 64.5 43
1996 65.4 42.3
1995 70.2 -

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Syria
Services, % of GDP
47.2%
2025
44.7%
2022
Industry, % of GDP
52.7%
2025
11.9%
2022
Agriculture, forestry, and fishing, % of GDP
2.81%
2025
42.9%
2022
GNI, Atlas method
$103B
2024
$18.2B
2023
GNI per capita, PPP
$39,390
2024
$4,480
2023
Total reserves including gold
$18.3B
2024
$20.6B
2010
Total reserves ranking
68/177
2024
66/177
2010
Net foreign direct investment
-$12.6B
2024
-$1.47B
2010
Net inflows of foreign direct investment
$12.5B
2024
$0
2024
Net outflows of foreign direct investment
-$143M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.15%
2023
Poverty at national poverty lines n/a
35.2%
2007
Gross capital formation, % of GDP
24.8%
2024
16%
1969

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/syria | 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 (2010–2024, 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.