Skip to content

Economy of Oman vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Oman has a GDP of $107B compared to $41.5B for Zimbabwe, ranking 70/197 and 102/197 by economy size, respectively.

Oman has $38B in government debt (35.5% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Oman vs Zimbabwe GDP by year

Oman
Zimbabwe
1x
Year GDP, current $
Oman Zimbabwe
2024 $107,137,198,769 $41,539,411,516
2023 $106,174,708,037 $35,871,779,681
2022 $109,852,795,839 $40,757,561,709
2021 $87,323,797,139 $41,287,673,690
2020 $75,909,492,848 $31,980,334,561
2019 $88,060,858,257 $33,357,695,635
2018 $91,505,851,756 $34,141,666,667
2017 $80,856,697,009 $51,035,657,371
2016 $75,128,738,622 $20,559,250,000
2015 $78,710,793,238 $19,973,250,000
2014 $92,699,089,727 $19,505,500,000
2013 $89,936,020,806 $19,100,750,000
2012 $87,408,842,653 $17,123,500,000
2011 $77,497,529,259 $14,109,000,000
2010 $64,993,498,049 $12,047,750,000
2009 $55,454,096,229 $9,670,750,000
2008 $69,804,681,404 $4,418,000,000
2007 $48,300,390,117 $5,294,750,000
2006 $42,577,633,290 $5,446,750,000
2005 $35,506,892,068 $5,758,250,000
2004 $28,378,933,680 $5,808,500,000
2003 $24,733,680,104 $5,730,500,000
2002 $23,065,539,662 $6,345,250,000
2001 $22,205,721,717 $6,780,750,000
2000 $22,259,557,867 $6,693,250,000
1999 $17,832,769,831 $6,861,500,000
1998 $16,044,213,264 $6,405,250,000
1997 $18,039,791,938 $8,534,000,000
1996 $17,402,080,624 $8,557,500,000
1995 $15,722,236,671 $7,115,000,000
1994 $14,715,214,564 $6,894,250,000
1993 $14,230,429,129 $6,567,250,000
1992 $14,183,615,085 $6,755,000,000
1991 $12,918,335,501 $8,646,000,000
1990 $13,310,273,082 $8,788,301,546
1989 $9,372,171,651 $8,290,553,535
1988 $8,386,215,865 $7,818,774,177
1987 $7,811,183,095 $6,744,657,033
1986 $7,324,167,369 $6,220,698,247
1985 $10,005,645,420 $5,640,137,575
1984 $8,821,443,151 $6,355,369,172
1983 $7,932,541,691 $7,768,031,182
1982 $7,554,719,456 $8,544,060,905
1981 $7,259,120,151 $8,015,464,252
1980 $5,981,760,278 $6,682,278,300
1979 $3,733,352,635 $5,180,102,910
1978 $2,740,301,390 $4,353,822,343
1977 $2,741,169,948 $4,366,610,469
1976 $2,560,220,035 $4,320,576,877
1975 $2,096,699,189 $4,373,532,601
1974 $1,645,917,776 $3,984,194,614
1973 $483,066,991 $3,311,043,292
1972 $366,883,548 $2,679,096,597
1971 $301,010,587 $2,179,828,710
1970 $256,319,795 $1,885,168,339
1969 $239,999,808 $1,748,891,294
1968 $188,879,849 $1,480,355,355
1967 $107,151,832 $1,397,715,282
1966 $67,759,973 $1,282,403,936
1965 $63,279,975 $1,312,105,394
1964 $61,872,526 $1,217,759,447
1963 $59,912,763 $1,160,103,724
1962 $56,273,202 $1,118,172,226
1961 $45,634,487 $1,097,206,526
1960 $44,234,656 $1,053,528,036

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

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

GDP per capita in Oman vs Zimbabwe by year

Oman
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Oman Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,285 $41,740 $2,497 $5,928
2023 $21,028 $41,945 $2,195 $5,791
2022 $23,224 $42,616 $2,536 $5,396
2021 $19,403 $38,719 $2,614 $4,827
2020 $16,785 $35,163 $2,060 $4,179
2019 $19,180 $37,251 $2,184 $4,166
2018 $19,902 $37,780 $2,271 $3,993
2017 $17,820 $33,619 $3,445 $10,756
2016 $17,110 $33,334 $1,408 $4,275
2015 $18,808 $36,058 $1,387 $4,046
2014 $23,161 $44,236 $1,373 $3,903
2013 $23,458 $47,013 $1,363 $3,784
2012 $24,642 $49,989 $1,239 $3,472
2011 $25,188 $52,393 $1,038 $3,047
2010 $23,570 $55,667 $902 $2,661
2009 $20,656 $55,127 $736 $2,233
2008 $26,577 $52,841 $341 $1,987
2007 $18,793 $48,627 $414 $2,396
2006 $16,931 $46,091 $431 $2,454
2005 $14,435 $43,673 $461 $2,496
2004 $11,801 $42,142 $470 $2,591
2003 $10,464 $40,935 $468 $2,708
2002 $9,869 $41,511 $525 $3,238
2001 $9,612 $41,679 $566 $3,533
2000 $9,754 $39,443 $563 $3,429
1999 $7,915 $36,792 $582 $3,491
1998 $7,219 $36,666 $552 $3,527
1997 $8,235 $36,809 $751 $3,457
1996 $8,068 $34,661 $767 $3,372
1995 $7,414 $33,598 $648 $3,051
1994 $7,068 $31,925 $634 $3,012
1993 $7,039 $30,987 $605 $2,703
1992 $7,318 $29,773 $631 $2,651
1991 $6,977 $28,109 $831 $2,930
1990 $7,546 $26,904 $867 $2,757
1989 $5,591 - $840 -
1988 $5,279 - $816 -
1987 $5,204 - $726 -
1986 $5,182 - $693 -
1985 $7,549 - $649 -
1984 $7,070 - $757 -
1983 $6,714 - $959 -
1982 $6,759 - $1,096 -
1981 $6,866 - $1,069 -
1980 $5,974 - $949 -
1979 $3,934 - $779 -
1978 $3,044 - $665 -
1977 $3,205 - $677 -
1976 $3,143 - $687 -
1975 $2,692 - $717 -
1974 $2,203 - $674 -
1973 $670 - $579 -
1972 $524 - $483 -
1971 $442 - $406 -
1970 $387 - $361 -
1969 $372 - $346 -
1968 $300 - $302 -
1967 $174.7 - $294.4 -
1966 $113.2 - $278.7 -
1965 $108.1 - $294.3 -
1964 $108.1 - $281.9 -
1963 $106.8 - $277.1 -
1962 $102.3 - $275.7 -
1961 $84.5 - $279.2 -
1960 $83.4 - $276.6 -

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

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

Oman's GDP per capita is $20,285, ranking 57/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Oman ranks 55th at $41,740, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Oman Zimbabwe
Gross domestic product
$107B
2024
$41.5B
2024
GDP rank
70/197
2024
102/197
2024
GDP growth
1.63%
2023-2024
1.74%
2023-2024
GDP per capita
$20,285
2024
$2,497
2024
GDP per capita rank
57/197
2024
148/197
2024
GDP per capita, PPP
$41,740
2024
$5,928
2024
GDP per capita PPP rank
55/197
2024
154/197
2024
Government debt
$38B
2024
$30.3B
2024
Debt-to-GDP ratio
35.5%
2024
73%
2024
Government debt per person
$7,204
2024
$1,824
2024
Government debt per person rank
67/185
2024
121/185
2024
Average annual personal income after taxes
$20,894
2026
$2,897
2026
Market capitalization of domestic companies
$22.3B
2022
$2.46B
1999
Number of billionaires
2
2025
1
2025
Income share by richest 10% n/a
40.5%
2019
Income share by poorest 10% n/a
1.9%
2019
Government expenditure, % of GDP
28.7%
2024
12.9%
2024
Consumer prices inflation
0.6%
2023-2024
736%
2023-2024
Central bank interest rate
4.5%
2025
35%
2024
Unemployment rate
3.3%
2024
12.1%
2024
Population
5761708
17361868

Spending and national debt comparison by year

Oman
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Oman Zimbabwe
Government spending Government debt Government spending Government debt
2024 28.7% 35.5% 12.9% 73%
2023 27.5% 37.5% 15.5% 76.1%
2022 30.9% 41.7% 14.4% 66.8%
2021 36.5% 61.9% 12.8% 39.9%
2020 44.5% 67.9% 9.27% 56.8%
2019 38.8% 52.5% 9.36% 53.9%
2018 38.3% 44.7% 13.9% 33%
2017 39.4% 40.1% 19.8% 49%
2016 44.6% 29.3% 16.6% 35.1%
2015 44.5% 13.9% 14.7% 34.1%
2014 41.4% 4.04% 14.1% 29.2%
2013 39.3% 4.66% 14.7% 26.4%
2012 38.6% 4.59% 14.6% 27.2%
2011 34.5% 4.44% 16.2% 30%
2010 30.6% 5.46% 12.8% 33.2%
2009 33.4% 5.8% 7.93% 39.7%
2008 25.6% 3.2% 2.54% 41.3%
2007 30.7% 4.44% 3.43% 30.2%
2006 30.1% 7.56% 5.72% 26.7%
2005 30.6% 8.39% 10.5% 22.4%
2004 34.1% 14.5% - -
2003 34% 13% - -
2002 34.1% 15.9% - -
2001 33.3% 22.5% - -
2000 31.2% 21.7% - -
1999 34.2% 28.9% - -
1998 36.1% 30.9% - -
1997 32.1% 20.8% - -
1996 33.5% 21.2% - -
1995 38.2% 21.9% - -
1994 39.7% 23.6% - -
1993 40.1% 22.2% - -
1992 40.1% 23.1% - -
1991 37.4% 22.6% - -
1990 36.5% 17.8% - -

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

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

In 2024, Oman's government spending was $30.7B, accounting for 28.7% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 35.5% in Oman and 73% in Zimbabwe, ranking 145/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Oman

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Oman Zimbabwe
2024 3.31% -1.06%
2023 6.87% -3.9%
2022 10.5% -3.3%
2021 -3.17% -2.24%
2020 -15.7% -0.34%
2019 -4.83% -1.72%
2018 -6.72% -3.81%
2017 -10.5% -7.37%
2016 -19.6% -4.63%
2015 -13.5% -1.45%
2014 -1.58% -0.71%
2013 2.78% -0.69%
2012 4.07% -0.13%
2011 8.24% -1.72%
2010 4.95% -0.11%
2009 -0.27% -1.39%
2008 14.7% -1.2%
2007 10.5% -1.67%
2006 12.2% -1.4%
2005 11.2% -3.46%
2004 5.43% -
2003 5.92% -
2002 5.31% -
2001 7.55% -
2000 12.2% -
1999 0.3% -
1998 -4.37% -
1997 4.77% -
1996 2.22% -
1995 -3.9% -
1994 -7.47% -
1993 -6.84% -
1992 -4.85% -
1991 0.12% -
1990 4.78% -

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

GeoRank.org/economy/oman/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Oman recorded a fiscal deficit in 9 of those years, while Zimbabwe ran a deficit in 20 years. On average, Oman posted an annual surplus equal to 0.68% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Oman

Zimbabwe
1x
Year Consumer prices inflation
Oman Zimbabwe
2024 0.6% 736%
2023 1% 667%
2022 2.5% 193.4%
2021 1.7% 98.5%
2020 -0.4% 557%
2019 0.5% 255.3%
2018 0.7% 10.6%
2017 1.5% 0.9%
2016 0.9% -1.6%
2015 0.1% -2.4%
2014 1.2% -0.2%
2013 1.3% 1.6%
2012 2.9% 3.7%
2011 4.1% 3.5%
2010 3.3% 3%
2009 3.5% 6.2%
2008 12.6% 157%
2007 5.9% -72.7%
2006 3.2% 33%
2005 1.9% -31.5%
2004 0.8% 113.6%
2003 0.2% -8.6%
2002 -0.3% -34.4%
2001 -0.8% -37.2%
2000 -1.2% 4.5%
1999 0.5% -13.4%
1998 0.4% -28%
1997 -0.4% -1%

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

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

Over the past 28 years, Oman has recorded an average annual inflation rate of 1.72%, compared with 93.4% in Zimbabwe. In 2024, inflation was 0.6% in Oman and 736% in Zimbabwe.

Top exports between countries

Oman
Export category Export value
Metals $336K
Animal & marine products $67K
Wood & paper products $65K
Machinery & equipment $19K
Miscellaneous $2K
Zimbabwe
Export category Export value

Balance of trade

Oman Zimbabwe
Current account balance
$3.07B
2024
$501M
2024
Current account balance ranking
39/190
2024
62/190
2024
Current account balance, % of GDP
+2.86%
2024
+1.21%
2024
Goods imports
$39.5B
2024
$9.06B
2024
Goods exports
$65.2B
2024
$7.79B
2024
Service imports
$12.8B
2024
$1.66B
2024
Service exports
$5.64B
2024
$457M
2024
Imports of goods and services, % of GDP
48.8%
2024
23.4%
2024
Exports of goods and services, % of GDP
66.1%
2024
18%
2024

Economic freedom indices

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

Oman Zimbabwe
Economic freedom 68.5 35.2
Economic freedom ranking 45/197 190/197
Property rights 71.8 19.4
Government integrity 49.4 20.7
Judicial effectiveness 28 16.8
Tax burden 97.6 73.6
Government spending 74.7 93.9
Fiscal health 97.5 52.4
Business freedom 67.8 42
Labor freedom 47.7 33.3
Monetary freedom 79.2 0
Trade freedom 78.4 50.4
Investment freedom 70 10
Financial freedom 60 10

Economic freedom comparison by year

Oman
Zimbabwe
1x
Year Economic freedom index
Oman Zimbabwe
2026 68.5 35.2
2025 65.4 35.1
2024 62.9 38.2
2023 58.5 39
2022 56.6 33.1
2021 64.6 39.5
2020 63.6 43.1
2019 61 40.4
2018 61 44
2017 62.1 44
2016 67.1 38.2
2015 66.7 37.6
2014 67.4 35.5
2013 68.1 28.6
2012 67.9 26.3
2011 69.8 22.1
2010 67.7 21.4
2009 67 22.7
2008 67.3 29.5
2007 65.8 32
2006 63.7 33.5
2005 66.5 35.2
2004 66.9 34.4
2003 64.6 36.7
2002 64 36.7
2001 67.7 38.8
2000 64.1 48.7
1999 64.9 47.2
1998 64.9 44.6
1997 64.5 48
1996 65.4 46.7
1995 70.2 48.5

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

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

The Economic Freedom Index for Oman is 68.5, ranking 45/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Oman Zimbabwe
Services, % of GDP
46%
2024
50.6%
2024
Industry, % of GDP
54.2%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
2.6%
2024
8.69%
2024
GNI, Atlas method
$103B
2024
$39.9B
2024
GNI per capita, PPP
$39,340
2024
$5,870
2024
Total reserves including gold
$18.3B
2024
$485M
2024
Total reserves ranking
64/177
2024
157/177
2024
Net foreign direct investment
-$12.6B
2024
-$465M
2024
Net inflows of foreign direct investment
$12.5B
2024
$465M
2024
Net outflows of foreign direct investment
-$143M
2024
$131M
2024
Servicing debt to the IMF, % of GNI n/a
3.44%
2024
Poverty at national poverty lines n/a
38.3%
2019
Gross capital formation, % of GDP
24.8%
2024
8.85%
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/zimbabwe | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (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.