Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
Encyclopedia

What is the Economic Complexity Index? Definition and Oman Ranking

The Economic Complexity Index (ECI) measures the diversity and sophistication of a country's export basket — the amount of productive knowledge embedded in the economy's exports.

Definition

Developed at Harvard by Ricardo Hausmann and César Hidalgo, the ECI uses trade data to measure how many complex products a country exports and how many other countries can make those products. High ECI = many unique, sophisticated products.

Oman’s Vision 2040 Data

-0.004 / Rank 62 (2017) → ~0.25 (2022) → Top 20 target (2030) → Top 10 target (2040)

Why It Matters

The Economic Complexity Index (ECI) measures the diversity and sophistication of a country’s export basket — the amount of productive knowledge embedded in the economy’s exports.

Vision 2040 uses this indicator alongside complementary measures to build a comprehensive picture of Oman’s development progress. See the KPI Tracker for detailed progress analysis.