Oman: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 40.20
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 24.55
 Min - Max 4.60 - 67.90
 Source Central Bank of Oman
For that indicator, we provide data for Oman from 1990 to 2022. The average value for Oman during that period was 24.55 percent with a minimum of 4.6 percent in 2012 and a maximum of 67.9 percent in 2020. The latest value from 2022 is 40.2 percent. For comparison, the world average in 2022 based on 161 countries is 61.64 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Oman - Government debt - Recent values chart

Historical chart
Oman - Government debt - historical chart - 1990-2022

The government debt in Oman and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 22.14 2021 percent
 Government spending, in dollars 19.53 2021 billion U.S. dollars
 Fiscal balance, percent of GDP 2.60 2022 percent
 Government debt 40.20 2022 percent
 Commercial tax rate 27.40 2019 percent
 Tax preparation time 68 2019 hours
 Number of taxes 15 2019 taxes
 Foreign aid -21.61 2010 million U.S. dollars
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