Oman: Economic decline index

The latest value from 2023 is 4.4 index points, a decline from 4.7 index points in 2022. In comparison, the world average is 5.66 index points, based on data from 177 countries. Historically, the average for Oman from 2007 to 2023 is 4.34 index points. The minimum value, 3.7 index points, was reached in 2007 while the maximum of 5 index points was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.