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Economy of Oman vs Tunisia compared: GDP & Debt

Updated on by Georank team

Oman has a GDP of $107B compared to $51.3B for Tunisia, ranking 70/197 and 93/197 by economy size, respectively.

Oman has $38B in government debt (35.5% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Oman vs Tunisia GDP by year

Oman
Tunisia
1x
Year GDP, current $
Oman Tunisia
2024 $107,137,198,769 $51,332,285,657
2023 $106,174,708,037 $48,205,328,303
2022 $109,852,795,839 $44,929,920,093
2021 $87,323,797,139 $47,073,234,359
2020 $75,909,492,848 $42,491,780,918
2019 $88,060,858,257 $41,905,642,419
2018 $91,505,851,756 $42,686,504,460
2017 $80,856,697,009 $42,163,530,591
2016 $75,128,738,622 $44,360,072,680
2015 $78,710,793,238 $45,779,494,042
2014 $92,699,089,727 $50,271,812,921
2013 $89,936,020,806 $48,685,446,414
2012 $87,408,842,653 $47,311,401,813
2011 $77,497,529,259 $48,123,325,825
2010 $64,993,498,049 $46,206,091,938
2009 $55,454,096,229 $43,455,740,497
2008 $69,804,681,404 $44,859,439,902
2007 $48,300,390,117 $38,915,353,867
2006 $42,577,633,290 $34,376,664,601
2005 $35,506,892,068 $32,272,186,695
2004 $28,378,933,680 $31,183,885,241
2003 $24,733,680,104 $27,453,902,261
2002 $23,065,539,662 $23,141,616,605
2001 $22,205,721,717 $22,065,832,449
2000 $22,259,557,867 $21,473,528,161
1999 $17,832,769,831 $22,943,202,175
1998 $16,044,213,264 $21,802,893,587
1997 $18,039,791,938 $20,746,210,354
1996 $17,402,080,624 $19,587,161,807
1995 $15,722,236,671 $18,030,876,599
1994 $14,715,214,564 $15,633,174,304
1993 $14,230,429,129 $14,608,335,608
1992 $14,183,615,085 $15,496,708,060
1991 $12,918,335,501 $13,074,782,609
1990 $13,310,273,082 $12,290,568,182
1989 $9,372,171,651 $10,101,851,745
1988 $8,386,215,865 $10,096,245,762
1987 $7,811,183,095 $9,696,715,911
1986 $7,324,167,369 $9,017,806,654
1985 $10,005,645,420 $8,410,226,053
1984 $8,821,443,151 $8,254,541,195
1983 $7,932,541,691 $8,350,582,748
1982 $7,554,719,456 $8,133,580,052
1981 $7,259,120,151 $8,428,445,294
1980 $5,981,760,278 $8,744,134,354
1979 $3,733,352,635 $7,188,863,904
1978 $2,740,301,390 $5,968,460,080
1977 $2,741,169,948 $5,109,324,009
1976 $2,560,220,035 $4,508,191,942
1975 $2,096,699,189 $4,328,965,588
1974 $1,645,917,776 $3,545,868,575
1973 $483,066,991 $2,730,813,385
1972 $366,883,548 $2,237,556,149
1971 $301,010,587 $1,685,162,272
1970 $256,319,795 $1,439,238,095
1969 $239,999,808 $1,289,904,762
1968 $188,879,849 $1,214,666,667
1967 $107,151,832 $1,085,714,286
1966 $67,759,973 $1,040,952,381
1965 $63,279,975 $991,047,619
1964 $61,872,526 $1,025,866,792
1963 $59,912,763 $1,026,737,600
1962 $56,273,202 $880,027,733
1961 $45,634,487 $866,155,429
1960 $44,234,656 -

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

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

GDP per capita in Oman vs Tunisia by year

Oman
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,285 $41,740 $4,181 $14,521
2023 $21,028 $41,945 $3,951 $14,041
2022 $23,224 $42,616 $3,707 $13,619
2021 $19,403 $38,719 $3,907 $12,444
2020 $16,785 $35,163 $3,549 $11,918
2019 $19,180 $37,251 $3,529 $12,495
2018 $19,902 $37,780 $3,628 $11,841
2017 $17,820 $33,619 $3,619 $11,289
2016 $17,110 $33,334 $3,848 $10,994
2015 $18,808 $36,058 $4,015 $10,783
2014 $23,161 $44,236 $4,459 $10,947
2013 $23,458 $47,013 $4,370 $10,672
2012 $24,642 $49,989 $4,297 $10,615
2011 $25,188 $52,393 $4,421 $10,436
2010 $23,570 $55,667 $4,292 $10,555
2009 $20,656 $55,127 $4,080 $10,237
2008 $26,577 $52,841 $4,255 $9,975
2007 $18,793 $48,627 $3,727 $9,479
2006 $16,931 $46,091 $3,323 $8,729
2005 $14,435 $43,673 $3,147 $8,117
2004 $11,801 $42,142 $3,067 $7,672
2003 $10,464 $40,935 $2,726 $7,098
2002 $9,869 $41,511 $2,321 $6,715
2001 $9,612 $41,679 $2,236 $6,593
2000 $9,754 $39,443 $2,199 $6,279
1999 $7,915 $36,792 $2,376 $5,930
1998 $7,219 $36,666 $2,285 $5,579
1997 $8,235 $36,809 $2,202 $5,333
1996 $8,068 $34,661 $2,107 $5,040
1995 $7,414 $33,598 $1,968 $4,686
1994 $7,068 $31,925 $1,733 $4,555
1993 $7,039 $30,987 $1,649 $4,401
1992 $7,318 $29,773 $1,785 $4,292
1991 $6,977 $28,109 $1,538 $3,975
1990 $7,546 $26,904 $1,476 $3,780
1989 $5,591 - $1,239 -
1988 $5,279 - $1,266 -
1987 $5,204 - $1,245 -
1986 $5,182 - $1,187 -
1985 $7,549 - $1,135 -
1984 $7,070 - $1,143 -
1983 $6,714 - $1,184 -
1982 $6,759 - $1,177 -
1981 $6,866 - $1,247 -
1980 $5,974 - $1,324 -
1979 $3,934 - $1,113 -
1978 $3,044 - $946 -
1977 $3,205 - $830 -
1976 $3,143 - $752 -
1975 $2,692 - $741 -
1974 $2,203 - $624 -
1973 $670 - $493 -
1972 $524 - $415 -
1971 $442 - $320 -
1970 $387 - $280.5 -
1969 $372 - $257.7 -
1968 $300 - $248.9 -
1967 $174.7 - $228 -
1966 $113.2 - $223.8 -
1965 $108.1 - $217.3 -
1964 $108.1 - $228.5 -
1963 $106.8 - $231.9 -
1962 $102.3 - $201.4 -
1961 $84.5 - $200.7 -
1960 $83.4 - - -

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

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

Oman's GDP per capita is $20,285, ranking 57/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Tunisia ranks 114th at $14,521.

Economic indicators

Oman Tunisia
Gross domestic product
$107B
2024
$51.3B
2024
GDP rank
70/197
2024
93/197
2024
GDP growth
1.63%
2023-2024
1.61%
2023-2024
GDP per capita
$20,285
2024
$4,181
2024
GDP per capita rank
57/197
2024
129/197
2024
GDP per capita, PPP
$41,740
2024
$14,521
2024
GDP per capita PPP rank
55/197
2024
114/197
2024
Government debt
$38B
2024
$42.8B
2024
Debt-to-GDP ratio
35.5%
2024
83.4%
2024
Government debt per person
$7,204
2024
$3,487
2024
Government debt per person rank
67/185
2024
94/185
2024
Average annual personal income after taxes
$20,894
2026
$3,951
2026
Market capitalization of domestic companies
$22.3B
2022
$8.3B
2024
Number of billionaires
2
2025
n/a
Income share by richest 10% n/a
27%
2021
Income share by poorest 10% n/a
3.1%
2021
Government expenditure, % of GDP
28.7%
2024
33.8%
2024
Consumer prices inflation
0.6%
2023-2024
7%
2023-2024
Central bank interest rate
4.5%
2025
7.5%
2025
Unemployment rate
3.3%
2024
15.1%
2023
Population
5761708
12437803

Spending and national debt comparison by year

Oman
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Oman Tunisia
Government spending Government debt Government spending Government debt
2024 28.7% 35.5% 33.8% 83.4%
2023 27.5% 37.5% 35.7% 84%
2022 30.9% 41.7% 36.5% 83%
2021 36.5% 61.9% 33.2% 79.7%
2020 44.5% 67.9% 34.5% 77.7%
2019 38.8% 52.5% 29.5% 67.3%
2018 38.3% 44.7% 28.7% 72.9%
2017 39.4% 40.1% 28.7% 67.1%
2016 44.6% 29.3% 27.2% 58.9%
2015 44.5% 13.9% 27.4% 52.4%
2014 41.4% 4.04% 27.7% 50.7%
2013 39.3% 4.66% 30.8% 45.6%
2012 38.6% 4.59% 28.3% 49%
2011 34.5% 4.44% 27.9% 43.3%
2010 30.6% 5.46% 24% 38.8%
2009 33.4% 5.8% 24.6% 40.3%
2008 25.6% 3.2% 23.7% 41.4%
2007 30.7% 4.44% 23.3% 42.7%
2006 30.1% 7.56% 22.9% 45.7%
2005 30.6% 8.39% 23% 50%
2004 34.1% 14.5% 23% 51.6%
2003 34% 13% 23.5% 52.6%
2002 34.1% 15.9% 24.1% 51.6%
2001 33.3% 22.5% 24% 52.2%
2000 31.2% 21.7% 24% 62.9%
1999 34.2% 28.9% 24% 61.9%
1998 36.1% 30.9% 24.2% 58.2%
1997 32.1% 20.8% 24.5% 66.6%
1996 33.5% 21.2% 26.7% 66.8%
1995 38.2% 21.9% 26.6% 65.6%
1994 39.7% 23.6% 25.9% 63.9%
1993 40.1% 22.2% 26.7% 63.8%
1992 40.1% 23.1% 25.7% 62.1%
1991 37.4% 22.6% 27.6% 63.3%
1990 36.5% 17.8% - -

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

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

In 2024, Oman's government spending was $30.7B, accounting for 28.7% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 35.5% in Oman and 83.4% in Tunisia, ranking 145/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Tunisia
1x
Year Deficit/surplus, % of GDP
Oman Tunisia
2024 3.31% -5.92%
2023 6.87% -7.03%
2022 10.5% -6.91%
2021 -3.17% -7.6%
2020 -15.7% -9.06%
2019 -4.83% -3.6%
2018 -6.72% -4.27%
2017 -10.5% -5.61%
2016 -19.6% -5.87%
2015 -13.5% -4.95%
2014 -1.58% -3.11%
2013 2.78% -7.05%
2012 4.07% -4.9%
2011 8.24% -3.19%
2010 4.95% -0.46%
2009 -0.27% -2.59%
2008 14.7% -0.62%
2007 10.5% -2.47%
2006 12.2% -2.33%
2005 11.2% -2.59%
2004 5.43% -2.1%
2003 5.92% -2.64%
2002 5.31% -2.55%
2001 7.55% -2.87%
2000 12.2% -3.22%
1999 0.3% -3.05%
1998 -4.37% -2.84%
1997 4.77% -3.7%
1996 2.22% -5.18%
1995 -3.9% -4.53%
1994 -7.47% -2.87%
1993 -6.84% -3.22%
1992 -4.85% -3.45%
1991 0.12% -5.25%
1990 4.78% -

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

GeoRank.org/economy/oman/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Oman recorded a fiscal deficit in 14 of those years, while Tunisia ran a deficit in 34 years. On average, Oman posted an annual surplus equal to 0.88% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Oman

Tunisia
1x
Year Consumer prices inflation
Oman Tunisia
2024 0.6% 7%
2023 1% 9.3%
2022 2.5% 8.3%
2021 1.7% 5.7%
2020 -0.4% 5.6%
2019 0.5% 6.7%
2018 0.7% 7.3%
2017 1.5% 5.3%
2016 0.9% 3.6%
2015 0.1% 4.4%
2014 1.2% 4.6%
2013 1.3% 5.3%
2012 2.9% 4.6%
2011 4.1% 3.2%
2010 3.3% 4.4%
2009 3.5% 3.5%
2008 12.6% 4.9%
2007 5.9% 3.4%
2006 3.2% 4.1%
2005 1.9% 2%
2004 0.8% 3.7%
2003 0.2% 2.7%
2002 -0.3% 2.7%
2001 -0.8% 1.9%
2000 -1.2% 2.8%
1999 0.5% 2.8%
1998 0.4% 3.1%
1997 -0.4% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Oman has recorded an average annual inflation rate of 1.72%, compared with 4.52% in Tunisia. In 2024, inflation was 0.6% in Oman and 7% in Tunisia.

Top exports between countries

Oman
Export category Export value
Chemicals & pharma $5.5M
Machinery & equipment $2.59M
Metals $1.08M
Processed food, beverages & tobacco $1.01M
Miscellaneous $798K
Animal & marine products $619K
Textiles & consumer goods $216K
Raw materials & minerals $69K
Raw agricultural goods $21K
Wood & paper products $1K
Tunisia
Export category Export value
Machinery & equipment $4.46M
Raw materials & minerals $3.7M
Processed food, beverages & tobacco $3.58M
Chemicals & pharma $280K
Raw agricultural goods $205K
Textiles & consumer goods $125K
Wood & paper products $31K
Metals $8K

Balance of trade

Oman Tunisia
Current account balance
$3.07B
2024
-$775M
2024
Current account balance ranking
39/190
2024
117/190
2024
Current account balance, % of GDP
+2.86%
2024
-1.51%
2024
Goods imports
$39.5B
2024
$18.7B
2024
Goods exports
$65.2B
2024
$8.95B
2024
Service imports
$12.8B
2024
$3.92B
2024
Service exports
$5.64B
2024
$11.2B
2024
Imports of goods and services, % of GDP
48.8%
2024
56.3%
2024
Exports of goods and services, % of GDP
66.1%
2024
50%
2024

Economic freedom indices

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

Oman Tunisia
Economic freedom 68.5 48.1
Economic freedom ranking 45/197 172/197
Property rights 71.8 55.7
Government integrity 49.4 42.1
Judicial effectiveness 28 39.7
Tax burden 97.6 68.5
Government spending 74.7 62.5
Fiscal health 97.5 16
Business freedom 67.8 59.4
Labor freedom 47.7 55.8
Monetary freedom 79.2 72.4
Trade freedom 78.4 54.6
Investment freedom 70 20
Financial freedom 60 30

Economic freedom comparison by year

Oman
Tunisia
1x
Year Economic freedom index
Oman Tunisia
2026 68.5 48.1
2025 65.4 49.1
2024 62.9 48.8
2023 58.5 52.9
2022 56.6 54.2
2021 64.6 56.6
2020 63.6 55.8
2019 61 55.4
2018 61 58.9
2017 62.1 55.7
2016 67.1 57.6
2015 66.7 57.7
2014 67.4 57.3
2013 68.1 57
2012 67.9 58.6
2011 69.8 58.5
2010 67.7 58.9
2009 67 58
2008 67.3 60.1
2007 65.8 60.3
2006 63.7 57.5
2005 66.5 55.4
2004 66.9 58.4
2003 64.6 58.1
2002 64 60.2
2001 67.7 60.8
2000 64.1 61.3
1999 64.9 61.1
1998 64.9 63.9
1997 64.5 63.8
1996 65.4 63.9
1995 70.2 63.4

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Tunisia
Services, % of GDP
46%
2024
62.6%
2024
Industry, % of GDP
54.2%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.6%
2024
9.74%
2024
GNI, Atlas method
$103B
2024
$47.7B
2024
GNI per capita, PPP
$39,340
2024
$14,230
2024
Total reserves including gold
$18.3B
2024
$9.34B
2024
Total reserves ranking
64/177
2024
80/177
2024
Net foreign direct investment
-$12.6B
2024
-$725M
2024
Net inflows of foreign direct investment
$12.5B
2024
$760M
2024
Net outflows of foreign direct investment
-$143M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI n/a
10.9%
2024
Poverty at national poverty lines n/a
16.6%
2021
Gross capital formation, % of GDP
24.8%
2024
7.86%
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/tunisia | 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 (2022–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.