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Economy of Oman vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Oman has a GDP of $110B compared to $147B for Uzbekistan, ranking 70/197 and 61/197 by economy size, respectively.

Oman has $39.2B in government debt (35.8% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Oman vs Uzbekistan GDP by year

Oman
Uzbekistan
1x
Year GDP, current $
Oman Uzbekistan
2025 $109,604,780,696 $147,038,081,129
2024 $107,137,198,700 $121,356,065,241
2023 $106,174,707,932 $107,526,539,716
2022 $109,852,795,839 $94,286,355,836
2021 $87,323,797,139 $81,170,051,811
2020 $75,909,492,848 $70,127,127,133
2019 $88,060,858,257 $70,170,662,563
2018 $91,505,851,756 $61,318,332,403
2017 $80,856,697,009 $72,276,404,058
2016 $75,128,738,622 $97,871,364,319
2015 $78,710,793,238 $97,564,568,987
2014 $92,699,089,727 $91,303,765,114
2013 $89,936,020,806 $82,674,178,352
2012 $87,408,842,653 $75,318,846,931
2011 $77,497,529,259 $67,404,618,405
2010 $64,993,498,049 $55,544,226,553
2009 $55,454,096,229 $33,689,223,673
2008 $69,804,681,404 $29,549,438,884
2007 $48,300,390,117 $22,311,393,928
2006 $42,577,633,290 $17,330,833,853
2005 $35,506,892,068 $14,307,509,839
2004 $28,378,933,680 $12,030,023,548
2003 $24,733,680,104 $10,134,453,435
2002 $23,065,539,662 $9,687,788,513
2001 $22,205,721,717 $11,401,421,329
2000 $22,259,557,867 $13,760,513,969
1999 $17,832,769,831 $17,078,465,982
1998 $16,044,213,264 $14,988,971,211
1997 $18,039,791,938 $14,744,603,774
1996 $17,402,080,624 $13,948,892,216
1995 $15,722,236,671 $13,350,461,265
1994 $14,715,214,564 $12,899,074,922
1993 $14,230,429,129 $13,099,920,056
1992 $14,183,615,085 $12,953,801,760
1991 $12,918,335,501 $13,800,167,712
1990 $13,310,273,082 $13,362,340,338
1989 $9,372,171,651 $11,948,815,258
1988 $8,386,215,865 $10,722,799,639
1987 $7,811,183,095 $8,523,160,593
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/uzbekistan | CC BY

GDP per capita in Oman vs Uzbekistan by year

Oman
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,947 - $3,968 -
2024 $20,285 $41,740 $3,337 $11,879
2023 $21,028 $41,945 $3,016 $11,107
2022 $23,224 $42,616 $2,699 $10,293
2021 $19,403 $38,719 $2,370 $9,248
2020 $16,785 $35,163 $2,088 $8,452
2019 $19,180 $37,251 $2,129 $8,544
2018 $19,902 $37,780 $1,894 $8,129
2017 $17,820 $33,619 $2,271 $7,818
2016 $17,110 $33,334 $3,128 $6,919
2015 $18,808 $36,058 $3,173 $6,800
2014 $23,161 $44,236 $3,021 $6,610
2013 $23,458 $47,013 $2,781 $6,413
2012 $24,642 $49,989 $2,574 $6,168
2011 $25,188 $52,393 $2,339 $5,949
2010 $23,570 $55,667 $1,957 $5,505
2009 $20,656 $55,127 $1,206 $5,135
2008 $26,577 $52,841 $1,075 $4,800
2007 $18,793 $48,627 $824 $4,386
2006 $16,931 $46,091 $649 $3,956
2005 $14,435 $43,673 $543 $3,618
2004 $11,801 $42,142 $462 $3,321
2003 $10,464 $40,935 $394 $3,047
2002 $9,869 $41,511 $381 $2,902
2001 $9,612 $41,679 $454 $2,782
2000 $9,754 $39,443 $555 $2,644
1999 $7,915 $36,792 $698 $2,522
1998 $7,219 $36,666 $621 $2,418
1997 $8,235 $36,809 $621 $2,329
1996 $8,068 $34,661 $597 $2,214
1995 $7,414 $33,598 $583 $2,178
1994 $7,068 $31,925 $574 $2,197
1993 $7,039 $30,987 $596 $2,318
1992 $7,318 $29,773 $603 $2,371
1991 $6,977 $28,109 $658 $2,676
1990 $7,546 $26,904 $653 $2,665
1989 $5,591 - $598 -
1988 $5,279 - $551 -
1987 $5,204 - $450 -
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/uzbekistan | CC BY

Oman's GDP per capita is $19,947, ranking 60/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Oman Uzbekistan
Gross domestic product
$110B
2025
$147B
2025
GDP rank
70/197
2025
61/197
2025
GDP growth
2.4%
2024-2025
7.7%
2024-2025
GDP per capita
$19,947
2025
$3,968
2025
GDP per capita rank
60/197
2025
134/197
2025
GDP per capita, PPP
$41,740
2024
$11,879
2024
GDP per capita PPP rank
55/197
2024
125/197
2024
Government debt
$39.2B
2025
$42B
2025
Debt-to-GDP ratio
35.8%
2025
28.6%
2025
Government debt per person
$7,132
2025
$1,134
2025
Government debt per person rank
70/185
2025
139/185
2025
Average annual personal income after taxes
$19,851
2026
$3,560
2026
Market capitalization of domestic companies
$41.3B
2025
$23.7B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10% n/a
24.2%
2025
Income share by poorest 10% n/a
2.4%
2025
Government expenditure, % of GDP
28.9%
2025
27.4%
2025
Consumer prices inflation
1%
2024-2025
8.8%
2024-2025
Central bank interest rate
4.5%
2025
14%
2025
Unemployment rate
3.3%
2024
5.29%
2020
Population
5775345
38082870

Spending and national debt comparison by year

Oman
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Oman Uzbekistan
Government spending Government debt Government spending Government debt
2025 28.9% 35.8% 27.4% 28.6%
2024 28.7% 35.5% 26.1% 30.9%
2023 27.5% 37.4% 28.6% 30.7%
2022 31.1% 41.7% 30% 29.2%
2021 36.5% 61.9% 26.1% 30.2%
2020 44.5% 67.9% 24.7% 31.9%
2019 38.8% 52.5% 23.4% 24.3%
2018 38.3% 44.7% 21.2% 16.7%
2017 39.4% 40.1% 19.9% 17.3%
2016 44.6% 29.3% 20.5% 7.21%
2015 44.5% 13.9% 21.7% 5.94%
2014 41.4% 4.04% 22% 5.39%
2013 39.3% 4.66% 22.3% 5.51%
2012 38.6% 4.59% 21.5% 6.06%
2011 34.5% 4.44% 21.1% 5.65%
2010 30.6% 5.46% 23.7% 5.92%
2009 33.4% 5.8% 24.7% 6.57%
2008 25.6% 3.2% 23.8% 7.5%
2007 30.7% 4.44% 22.4% 8.6%
2006 30.1% 7.56% 22.3% 12.2%
2005 30.6% 8.39% 25.3% 18.9%
2004 34.1% 14.5% 26.5% 24.2%
2003 34% 13% 28.4% 28.3%
2002 34.1% 15.9% 31.2% 37.5%
2001 33.3% 22.5% 27.6% 40.4%
2000 31.2% 21.7% 29.6% 26.5%
1999 34.2% 28.9% 30.3% 16.6%
1998 36.1% 30.9% 31.6% 16.2%
1997 32.1% 20.8% 28.7% 13.8%
1996 33.5% 21.2% 31.6% -
1995 38.2% 21.9% 26.5% -
1994 39.7% 23.6% 24.4% -
1993 40.1% 22.2% 35.6% -
1992 40.1% 23.1% 16.2% -
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/uzbekistan | CC BY

In 2025, Oman's government spending was $31.7B, accounting for 28.9% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 35.8% in Oman and 28.6% in Uzbekistan, ranking 142/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Oman Uzbekistan
2025 1.04% -1.66%
2024 3.22% -2.25%
2023 6.72% -3.85%
2022 10.3% -3.49%
2021 -3.17% -3.9%
2020 -15.7% -2.8%
2019 -4.83% -0.29%
2018 -6.72% 1.57%
2017 -10.5% 1.04%
2016 -19.6% 0.62%
2015 -13.5% -0.24%
2014 -1.58% 1.68%
2013 2.78% 1.9%
2012 4.07% 5.28%
2011 8.24% 4.56%
2010 4.95% 2.29%
2009 -0.27% 1.64%
2008 14.7% 5.38%
2007 10.5% 3.2%
2006 12.2% 2.45%
2005 11.2% -3.17%
2004 5.43% -3.37%
2003 5.92% -4.39%
2002 5.31% -5.69%
2001 7.55% -2.95%
2000 12.2% -3.29%
1999 0.3% -2.62%
1998 -4.37% -2.74%
1997 4.77% -1.85%
1996 2.22% -1.41%
1995 -3.9% -1.59%
1994 -7.47% -4.03%
1993 -6.84% -10.8%
1992 -4.85% 6.44%
1991 0.12% -
1990 4.78% -

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

GeoRank.org/economy/oman/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Oman recorded a fiscal deficit in 14 of those years, while Uzbekistan ran a deficit in 21 years. On average, Oman posted an annual surplus equal to 0.89% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Oman

Uzbekistan
1x
Year Consumer prices inflation
Oman Uzbekistan
2025 1% 8.8%
2024 0.6% 9.6%
2023 1% 10%
2022 2.5% 11.4%
2021 1.7% 10.8%
2020 -0.4% 12.9%
2019 0.5% 14.5%
2018 0.7% 17.5%
2017 1.5% 13.9%
2016 0.9% 8.8%
2015 0.1% 8.5%
2014 1.2% 9.1%
2013 1.3% 11.7%
2012 2.9% 11.9%
2011 4.1% 12.4%
2010 3.3% 12.3%
2009 3.5% 12.3%
2008 12.6% 13.1%
2007 5.9% 11.2%
2006 3.2% 13.1%
2005 1.9% 10.7%
2004 0.8% 7.3%
2003 0.2% 12.5%
2002 -0.3% 27.3%
2001 -0.8% 27.3%
2000 -1.2% 25%
1999 0.5% 29.1%
1998 0.4% 29%
1997 -0.4% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Oman has recorded an average annual inflation rate of 1.7%, compared with 16.3% in Uzbekistan. In 2025, inflation was 1% in Oman and 8.8% in Uzbekistan.

Top exports between countries

Oman
Export category Export value
Machinery & equipment $80K
Miscellaneous $1K
Uzbekistan
Export category Export value
Raw materials & minerals $209K
Raw agricultural goods $107K
Textiles & consumer goods $93K
Miscellaneous $64K
Processed food, beverages & tobacco $38K
Chemicals & pharma $27K
Government & miscellaneous services $11K
Business & finance services $3K
Animal & marine products $2K
Wood & paper products $1K

Balance of trade

Oman Uzbekistan
Current account balance
$3.07B
2024
-$5.78B
2025
Current account balance ranking
37/190
2024
167/190
2025
Current account balance, % of GDP
+2.86%
2024
-3.93%
2025
Goods imports
$39.5B
2024
$38.5B
2025
Goods exports
$65.2B
2024
$23B
2025
Service imports
$12.8B
2024
$13.6B
2025
Service exports
$5.64B
2024
$9.27B
2025
Imports of goods and services, % of GDP
48.8%
2024
35.4%
2025
Exports of goods and services, % of GDP
66.1%
2024
22%
2025

Economic freedom indices

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

Oman Uzbekistan
Economic freedom 68.5 60.3
Economic freedom ranking 45/197 94/197
Property rights 71.8 43.1
Government integrity 49.4 32
Judicial effectiveness 28 13.7
Tax burden 97.6 95
Government spending 74.7 73.7
Fiscal health 97.5 79.9
Business freedom 67.8 62.5
Labor freedom 47.7 48.4
Monetary freedom 79.2 65.1
Trade freedom 78.4 80.6
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

Oman
Uzbekistan
1x
Year Economic freedom index
Oman Uzbekistan
2026 68.5 60.3
2025 65.4 58
2024 62.9 55.9
2023 58.5 56.5
2022 56.6 55.7
2021 64.6 58.3
2020 63.6 57.2
2019 61 53.3
2018 61 51.5
2017 62.1 52.3
2016 67.1 46
2015 66.7 47
2014 67.4 46.5
2013 68.1 46
2012 67.9 45.8
2011 69.8 45.8
2010 67.7 47.5
2009 67 50.5
2008 67.3 51.9
2007 65.8 51.5
2006 63.7 48.7
2005 66.5 45.8
2004 66.9 39.1
2003 64.6 38.3
2002 64 38.5
2001 67.7 38.2
2000 64.1 38.1
1999 64.9 33.8
1998 64.9 31.5
1997 64.5 -
1996 65.4 -
1995 70.2 -

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Uzbekistan
Services, % of GDP
47.2%
2025
46.5%
2025
Industry, % of GDP
52.7%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
2.81%
2025
16.6%
2025
GNI, Atlas method
$103B
2024
$136B
2025
GNI per capita, PPP
$39,390
2024
$13,640
2025
Total reserves including gold
$18.3B
2024
$41.2B
2024
Total reserves ranking
68/177
2024
53/177
2024
Net foreign direct investment
-$12.6B
2024
-$4.24B
2025
Net inflows of foreign direct investment
$12.5B
2024
$2.97B
2024
Net outflows of foreign direct investment
-$143M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines n/a
5.8%
2025
Gross capital formation, % of GDP
24.8%
2024
33.3%
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/uzbekistan | 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 (2021–2024, 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.