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 |

Trade

India-Middle East-Europe Corridor (IMEC)

IMEC is a proposed multi-modal trade corridor connecting India to Europe via the Gulf — announced at the G20 in 2023. Oman's ports (Sohar, Duqm) are positioned as potential key nodes if the corridor is realised.

Feb 21, 2026

Oman Customs Duties | Oman Guide

Guide to customs duties in Oman including the GCC common external tariff and exemptions.

Feb 21, 2025

Oman Frankincense Trade | Oman Guide

Learn about Oman historic and ongoing frankincense trade and the Land of Frankincense UNESCO site.

Feb 21, 2025

What is a Free Zone? | Oman Explained

Learn about free zones in Oman and how they attract foreign investment with tax and customs incentives.

Feb 21, 2025

What is a Logistics Hub? | Oman Explained

Learn how Oman is positioning itself as a regional logistics hub through ports and free zones.

Feb 21, 2025

What is the GCC Customs Union? | Oman Explained

Learn about the GCC Customs Union and how it affects trade in Oman and the Gulf region.

Feb 21, 2025
Layer 2 Intelligence

Access premium analysis for this section.

Subscribe →