Oman GDP growth is expected to reach 3.5% in both 2026 and 2027. Non-oil activity should remain a key source of economic momentum. Meanwhile, higher hydrocarbon production could provide additional support. Logistics, manufacturing, and public investment should also contribute to expansion.
The outlook reflects stronger conditions across Oman’s economy. Non-oil sectors should continue growing steadily during the forecast period. Government investment linked to national development plans should support activity. Furthermore, logistics projects could attract more investment from businesses and international companies.
Oman’s location also creates opportunities as global trade patterns change. The country sits near important maritime routes connecting major markets. Companies are increasingly reviewing supply chains and transportation networks. Consequently, Oman’s ports and industrial zones could attract greater trade activity.
Logistics remains central to Oman’s economic diversification strategy. New infrastructure can improve connections between ports, industrial areas, and markets. Manufacturing can also support exports and create additional economic activity. Meanwhile, re-export operations could benefit from improved connectivity.
Government finances have also strengthened considerably. The fiscal surplus could reach 4.6% of GDP in 2026. The surplus could then reach 3.6% in 2027. These figures represent major improvements from earlier forecasts.
Public debt should also continue declining. Debt could fall to about 33% of GDP by the end of 2026. It could then reach around 31% by the end of 2027. Lower debt could provide more flexibility for future investment.
Oman’s external position should strengthen as well. The current-account surplus could reach 5% of GDP in 2026. The surplus could then moderate to 3.4% in 2027. Stronger exports and energy revenues should support the improvement.
Oman GDP growth will depend on both energy and non-oil sectors. Hydrocarbon activity can support exports and government revenues. At the same time, diversification can create broader economic opportunities. Together, these factors can improve the country’s resilience.
Energy-linked infrastructure could also attract additional investment. Projects in this area can support domestic activity and future exports. Moreover, stronger infrastructure can connect industries with ports and international markets.
Oman GDP growth could therefore remain steady through 2027. Stronger public finances provide a firmer foundation for investment. Meanwhile, logistics and manufacturing can support diversification. Continued progress will depend on investment and non-oil sector development.
