Oman vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Oman ranked 69th with $79.3B. By GDP 5-years average growth and GDP per capita, Venezuela and Oman ranked 181st vs 114th and 58th vs 56th, respectively.

Gross Domestic Product & Income

StatOmanVenezuela
GDP$79.3B$482.4B
GDP growth, 1 year2.1%-18%
GDP growth, 5-years average2.4%-12.2%
Population4.8M28.5M
GDP per capita$16k$16k
GDP per capita growth-1.68%-18.17%
Purchasing Power Parity conversion factor0.155.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.89
GDP per capita, PPP adjusted$47k$8.8k
GNI, Atlas method$73.1B$392.9B
GNI per capita$15k$13k
GNI, PPP adjusted$201.3B$352.8B
GNI per capita, PPP adjusted$42k$12k

Financial system and Human development

StatOmanVenezuela
Income Tax Rate0%34%
Corporate Tax Rate12%34%
Inflation, consumer prices0.9%929789.5%
Inflation, GDP deflator10.3%748.1%
Unemployment3.1%8.4%
Economic Freedom Index63.625.2
Personal Freedom Index5.556.33
Human Freedom Index6.35.27
Property Rights Index66.410.1
Judical Effectiveness Index66.212.6
Business Freedom Index74.630.8
Fiscal Health Index14.80
Labor Freedom Index56.927.7
Investment Freedom Index650
Financial Freedom Index6010
Trade Freedom Index81.658
Monetary Freedom Index78.40
Government Spending Index36.266.3
Tax Burden Index98.472.8
Government Integrity Index64.614.6
Corruption Perceptions Index5218
Life expectancy at birth, years77.472.2
Suicide mortality rate, per 100,000 people3.93.7
Mortality caused by road traffic injury, per 100,000 people16.133.7
Intentional homicides, per 100,000 people0.556.3
International tourism, number of arrivals2.3M427k

Government debt & reserves

StatOmanVenezuela
Central government debt, % of GDP50.9%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI-11.3%7.2%
Gross savings, % of GDP23.9%8.9%
Gross capital formation, % of GDP23.2%-3.7%
Total reserves including gold$17.4B$9.8B
Foreign direct investment net inflows$6.3B$956M

Exports, imports and economic structure

StatOmanVenezuela
Exports of goods and services, % of GDP58.3%30.7%
Imports of goods and services, % of GDP44.5%36.4%
Current account balance (balance of payments)-$4.3B-$3.9B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$17M$125.8M
Personal remittances received$39M$297.1M
Industry including construction value added, % of GDP46.8%37.2%
Agriculture, forestry and fishing value added, % of GDP2.2%5%
Charges for the use of intellectual property, payments BoPN/A$258M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP46.1%33.5%

Compare with countries close by GDP per capita

Oman vs

CountryGDP
per capita
Population
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Hungary
$16k
9.94M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Hungary
$16k
9.94M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k