Definition
Oil-exporting economies report Non-Oil GDP as a key performance indicator because their hydrocarbon sector — while large — is finite and price-volatile. Non-oil GDP measures the economy’s broader productive capacity.
Oman’s Vision 2040 Data
61% (2017) → ~70.5% (2023) → 83.9% target (2030) → 91.6% target (2040)
Why It Matters
Non-oil GDP is the portion of a country’s Gross Domestic Product generated outside the oil and gas extraction sector. In Oman, it is the primary measure of economic diversification progress.
Related Indicators
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.