Oman’s National Transformation: Key Achievements Shaping the Road to Vision 2040
Over the past five years, Oman has made significant progress across key areas of national development, strengthening its economy, improving financial sustainability and advancing social and environmental priorities. Between 2020 and 2025, a series of national indicators reflected the Sultanate’s efforts to build a more diversified, competitive and sustainable economy in line with Oman Vision 2040.
Economic Growth and Investment
Oman’s real GDP recorded growth of 2.4% in 2025, following an economic contraction of 3.4% in 2020. Average annual growth reached 3.2% between 2021 and 2025. Investment also strengthened, with private investment rising from 15.7% to 16.8%, while net foreign investment inflows increased from 3.3% to 4.5%.
Stronger Financial Sustainability
The country made notable progress in improving its public finances. Public debt declined from 65.9% to 34.6%, while Oman’s credit rating improved from BB- to BBB- according to Fitch Ratings. These developments reflect efforts to strengthen fiscal stability and enhance investor confidence.
Advancing Sustainability and Innovation
Oman also expanded its focus on renewable energy and innovation. The share of clean energy in the energy mix increased from 0% in 2020 to 9% in 2025. Meanwhile, the country advanced from 84th place in the Global Innovation Index in 2020 to 69th in 2025.
Social Development and Quality of Life
Social protection and human development remained important priorities. The number of beneficiaries of the social security system reached 132,380 in 2020, while the number of active contributors exceeded 1.5 million by December 2025. Life expectancy at birth also increased from 66.3 years in 2020 to 68.2 years in 2023.
Progress Towards Vision 2040
These achievements form part of Oman’s broader national transformation journey, supported by legislative and regulatory reforms, improved governance and initiatives designed to strengthen economic competitiveness. The indicators demonstrate progress across several development priorities while highlighting the continued work needed to achieve the country’s long-term ambitions.
As Oman looks towards 2030 and beyond, its national transformation remains focused on building a resilient economy, expanding opportunities, encouraging innovation and improving quality of life for future generations.
Source: Oman News Agency (ONA) — National Transformation Indicators, 2020–2025, and progress towards 2030 targets.
