Published: Monday, 21th October 2024
The Standard of living in Saudi Arabia is 1.17 times better as compared to Oman.
In this page, you will find side-by-side Standard of Living comparison between Saudi Arabia and Oman. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Saudi Arabia and Oman.
 Indicators  | Saudi Arabia  | Oman  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $1.106 billion USD | $108.282 billion USD |
GDP Per Capita (2023)  | 33,040 USD | 21,265 USD |
GINI Ratio (2023)  | 0.46 | 0.31 |
Inflation on Consumer Prices (2023)  | 2.33 % annually | 0.94 % annually |
Central Government Debt (2023)  | Yet to Update | Yet to Update |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Saudi Arabia is $1.106 billion USD and that of Oman is $108.282 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Saudi Arabia contributes more to the country's economy compared to a person working in Oman.
Indicators | Saudi Arabia | Oman |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.875 | 0.819 |
Human Capital Index (HCI) (2024)  | 0.58 | 0.61 |
Literacy Rate (2023)  | 97.59% (15 years+ above age) | 97.34% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.4 years | 72.5 years |
Healthy Life Expectancy Ratio (2023)  | 65.6 years | 63.2 years |
Poverty Ratio (2023)  | Yet to Update | Yet to Update |
Unemployment Rate (2023)  | 4.88% of total labor force | 1.46% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Saudi Arabia is [ 0.875 ] and the HDI of Oman is [ 0.819 ].
The data shows that the people living in Saudi Arabia has better income, life expectancy and education level compared to Oman.
Indicators | Saudi Arabia | Oman |
|---|---|---|
Gross National Expenditure (2023)  | 92.63 % of GDP | 88.86 % of GDP |
Total Health Expenditure (2023)  | 5.97 % of GDP | 4.37 % of GDP |
Research and Development Expenditure (2023)  | 0.46 % of GDP | 0.28 % of GDP |
Government Expenditure on Education (2023)  | 5.14 % of GDP | 4.2 % of GDP |
International Tourism Expenditure (2023)  | 9,069 million USD | 1,236 million USD |
Number of International Tourists Arrivals (2023)  | 20,292,000 | 869,000 |
Military Expenditure (2023)  | 7.42 % of GDP | 5.17 (% of GDP) |
The total Gross National Expenditure of Saudi Arabia is 92.63% of its GDP and the total Gross National Expenditure of Oman is 88.86% of its GDP.
From the above data, we can say that Saudi Arabia spends 1.04 times more of its GDP on Gross National Expenditure compared to Oman.
Indicators | Saudi Arabia | Oman |
|---|---|---|
Number of Doctors (2023)  | 27.9 (Per 10,000 People) | 19.97 (Per 10,000 People) |
Number of Nurses (2023)  | 56 (Per 10,000 People) | 45.07 (Per 10,000 People) |
Number of Pharmacists (2023)  | 8.6 (Per 10,000 People) | 6.18 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.24 (Per 1000 People) | 1.47 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 97 % of total Population | 98.6 % of total Population |
Saudi Arabia has 1.40 times more Doctors compared to Oman (Per 10,000 People).
Saudi Arabia has 1.24 times more Nurses compared to Oman (Per 10,000 People).
Indicators | Saudi Arabia | Oman |
|---|---|---|
Agricultural Land (2023)  | 1,736,370 Sq Km | 14,662.2 Sq Km |
Forest Area (2023)  | 9,770 Sq Km | 24.33 Sq Km |
CO2 Emissions (2023)  | 0.36 kg per PPP $ of GDP | 0.45 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 100 % of total Population |
Access to Internet (2023)  | 100 % of total Population | 96.38 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 23.38 Billion cubic meters | 1.63 Billion cubic meters |
100% of the total Population of Saudi Arabia has access to the electricity in their homes, whereas, in case of Oman, 100% of the total Population has access to electricity.
Indicators | Saudi Arabia | Oman |
|---|---|---|
Time Required to Start a Business (2023)  | 10.4 Days | 4.3 Days |
New Businesses Registered (2023)  | 23,297 (New Businesses) | 5,804 (New Businesses) |
New Businesses Registration Density (2023)  | 0.9 (Per 1000 People) | 1.78 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 5.4 % of GNI Per Capita | 3.1 % of GNI Per Capita |
In the year 2023, 23,297 new businesses got registered in Saudi Arabia and 5,804 new businesses got registered in Oman.
It usually takes 10.4 days in Saudi Arabia and 4.3 days in Oman to register a new business legally and systematically.
Indicators | Saudi Arabia | Oman |
|---|---|---|
Imports of Goods and Services (2023)  | 27.38 % of GDP | 41.39 % of GDP |
Total Fuel Imports (2023)  | 4.84 % of Merchandise Imports | 24.15 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 464.46 USD | 243.57 USD |
Time to Import Border Compliance (2023)  | 72 Hours | 39 Hours |
Cost to Import Documentary Compliance (2023)  | 267 USD | 124 USD |
Time to Import Documentary Compliance (2023)  | 32 Hours | 7 Hours |
Indicators | Saudi Arabia | Oman |
|---|---|---|
Exports of Goods and Services (2023)  | 34.75 % of GDP | 52.53 % of GDP |
Total Fuel Exports (2023)  | 77.49 % of Merchandise Exports | 74.04 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 319 USD | 279 USD |
Time to Export Border Compliance (2023)  | 37 Hours | 27.5 Hours |
Cost to Export Documentary Compliance (2023)  | 73 USD | 107.14 USD |
Time to Export Documentary Compliance (2023)  | 11 Hours | 7 Hours |
Indicators | Saudi Arabia | Oman |
|---|---|---|
Gross National Savings (2023)  | 32.47 % of GDP | 17.51 % of GDP |
Tax Revenue (2023)  | 7.77 % of GDP | Yet to Update |
Taxes on Exports (2023)  | Yet to Update | Yet to Update |
Taxes on Goods and Services (2023)  | 19.83 % of Tax Revenue | Yet to Update |
Taxes on International Trade (2023)  | 1.48 % of Revenue | Yet to Update |
Time to Prepare and Pay Taxes (2023)  | 152 Hours | 68 Hours |
Customs and Other Import Duties (2023)  | 5.8 % of Tax Revenue | Yet to Update |
We hope you enjoyed the detailed guide on the standard of living comparsion between Saudi Arabia and Oman.
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