Changes in inventories in Oman
Oman: Changes in inventories was -263.60 million constant LCU in 2024. ◆ Volatile
Changes in inventories in Oman, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for changes in inventories in Oman is -263.60 million constant LCU, measured in 2024.
That represents a change of down 128.9% on the previous year and up 48.4% over ten years.
Over the whole period, changes in inventories in Oman peaked at 1.93 billion constant LCU in 2022 and was at its lowest, -1.69 billion constant LCU, in 2005.
That places Oman 93rd out of 118 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Oman, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1998 | 1.02 billion constant LCU | — |
| 1999 | 721.70 million constant LCU | -29.2% |
| 2000 | 161.00 million constant LCU | -77.7% |
| 2001 | 255.40 million constant LCU | +58.6% |
| 2002 | 311.40 million constant LCU | +21.9% |
| 2003 | 234.70 million constant LCU | -24.6% |
| 2004 | 833.40 million constant LCU | +255.1% |
| 2005 | -1.69 billion constant LCU | -302.8% |
| 2006 | 804.40 million constant LCU | -147.6% |
| 2007 | 1.57 billion constant LCU | +95.2% |
| 2008 | 1.71 billion constant LCU | +8.9% |
| 2009 | 1.72 billion constant LCU | +0.6% |
| 2010 | 378.80 million constant LCU | -78.0% |
| 2011 | 340.60 million constant LCU | -10.1% |
| 2012 | 1.45 billion constant LCU | +325.8% |
| 2013 | 1.56 billion constant LCU | +7.3% |
| 2014 | -510.60 million constant LCU | -132.8% |
| 2015 | 1.08 billion constant LCU | -311.1% |
| 2016 | 184.00 million constant LCU | -82.9% |
| 2017 | 1.44 billion constant LCU | +683.1% |
| 2018 | 416.50 million constant LCU | -71.1% |
| 2019 | 609.10 million constant LCU | +46.2% |
| 2020 | 706.50 million constant LCU | +16.0% |
| 2021 | 994.80 million constant LCU | +40.8% |
| 2022 | 1.93 billion constant LCU | +94.0% |
| 2023 | 911.40 million constant LCU | -52.8% |
| 2024 | -263.60 million constant LCU | -128.9% |
Oman compared with similar countries
- Oman's -263.60 million constant LCU is below the median for high income countries, which is 283.86 million constant LCU. (23 countries reporting)
- Oman's -263.60 million constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 378.85 million constant LCU. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 870.65 million constant LCU | 721.70 million constant LCU | 1.02 billion constant LCU | 2 |
| 2000s | 591.18 million constant LCU | -1.69 billion constant LCU | 1.72 billion constant LCU | 10 |
| 2010s | 694.41 million constant LCU | -510.60 million constant LCU | 1.56 billion constant LCU | 10 |
| 2020s | 855.84 million constant LCU | -263.60 million constant LCU | 1.93 billion constant LCU | 5 |
Countries ranked near Oman
- 90 United States Virgin Islands -29.00 million constant LCU compare
- 91 Belize -86.85 million constant LCU compare
- 92 Solomon Islands -154.98 million constant LCU compare
- 94 Lesotho -269.00 million constant LCU compare
- 95 Peru -680.00 million constant LCU compare
- 96 Maldives -1.06 billion constant LCU compare
More economy & growth data for Oman
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.18 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -142.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -27.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 12.47 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.6369 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1164 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,360 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is changes in inventories in Oman?
- Changes in inventories in Oman was -263.60 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest changes in inventories recorded in Oman?
- The highest recorded value was 1.93 billion constant LCU in 2022.
- What is the lowest changes in inventories recorded in Oman?
- The lowest recorded value was -1.69 billion constant LCU in 2005.
- How does Oman rank for changes in inventories?
- Oman ranks 93rd out of 118 countries with data for 2024.
- Is changes in inventories rising or falling in Oman?
- Over the last ten years it is up 48.4%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Changes in inventories (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.