🇴🇲 Oman
Public Sector Debt · 2026
Total Debt
61.0%
of GDP
Global Rank
#85
of 192
S&P Rating
BB
Credit rating
SOE Debt
+28.0%
3 categories
Sovereign Wealth
31%
of GDP in SWF assets
Where the Debt Sits
Central Government
Energy SOEs
Central Government: 33.0%Dev Banks: 2.0%Energy SOEs: 20.0%Infrastructure: 6.0%
Full Debt Breakdown
Central Government33.0% of GDP
Central GovernmentIMF WEO — General Government Debt
33.0%Energy SOEs20.0% of GDP
OQ Group (energy)IMF Article IV 2024 / OIA Annual Report 2024Largest SOE debtor; repaid $1.4B in 2024
13.0%Energy Development Oman (EDO)IMF Article IV 2024 / FitchPlaced $1.75B in sukuks 2023-24
7.0%Infrastructure SOEs6.0% of GDP
Oman Air & Asyad GroupOIA Annual Report 2024Logistics/ports; significantly reduced debt
4.0%Omantel & telecom SOEsOIA Annual Report 2024Significantly reduced debt in 2022-23
2.0%Development Banks2.0% of GDP
Oman Development Bank & other SOEsIMF Article IV 2024Development bank and smaller SOEs
2.0%Total Corporate Debt42.3% of GDP
NF corporate debt (est.)WB WDI 2019
42.3%Household Debt22.8% of GDP
Household debt (est.)WB WDI 2019
22.8%Unfunded Pension Liabilities40.0% of GDP
PASI pension unfunded (est.)ISSA Oman 2022; IMF Art IV 2024Less fiscal buffer than UAE/Qatar/Kuwait.
40.0%State Bank Liabilities3.0% of GDP
Bank Muscat & state-linked banksIMF Article IV 2024Government minority stakes in major banks
3.0%All Layers Total169.1%
Credit Ratings
S&P
BB
Moody's
Ba1
Fitch
BB+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202633.0% GDP
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