Iraq vs Oman: Current account balance
Current account balance over time
- Iraq
- Oman
How they compare
Iraq currently reports 3.0% against 2.9% in Oman, a difference of 0.1%.
The two have swapped places 3 times across 20 shared years of data; in 2005 it was Oman ahead.
Iraq ranks 54th and Oman ranks 57th of 200 countries.
Across the 3 decades both report, Iraq averaged higher in 2 and Oman in 1.
Head to head by decade
| Decade | Iraq | Oman | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.1% | 7.9% | 0.8% | Oman |
| 2010s | 7.6% | -1.5% | 9.1% | Iraq |
| 2020s | 8.4% | -2.7% | 11.0% | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Iraq or Oman?
- Iraq, at 3.0% against 2.9% in Oman as of 2024.
- What is the difference in current account balance between Iraq and Oman?
- 0.1%, with Iraq ahead.
- How many years of comparable data are there for Iraq and Oman?
- 20 years are reported by both, from 2005 to 2024.
- How do Iraq and Oman rank globally for current account balance?
- Iraq ranks 54th and Oman ranks 57th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.