Changes in inventories in Oman
Oman: Changes in inventories was -736.28 million current US$ in 2024. ◆ Volatile
Changes in inventories in Oman, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, changes in inventories in Oman stood at -736.28 million current US$.
That represents a change of down 129.1% on the previous year and up 34.1% over ten years.
Over the whole period, changes in inventories in Oman peaked at 5.66 billion current US$ in 2008 and was at its lowest, -3.00 billion current US$, in 2020.
Oman ranks 170th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Oman, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 812.22 million current US$ | — |
| 1999 | 634.85 million current US$ | -21.8% |
| 2000 | 1.23 billion current US$ | +93.9% |
| 2001 | 1.24 billion current US$ | +0.9% |
| 2002 | 1.34 billion current US$ | +7.9% |
| 2003 | 1.46 billion current US$ | +9.0% |
| 2004 | 2.04 billion current US$ | +39.3% |
| 2005 | 1.14 billion current US$ | -43.9% |
| 2006 | 2.87 billion current US$ | +151.7% |
| 2007 | 3.71 billion current US$ | +29.1% |
| 2008 | 5.66 billion current US$ | +52.6% |
| 2009 | -1.79 billion current US$ | -131.7% |
| 2010 | -106.37 million current US$ | -94.1% |
| 2011 | -690.51 million current US$ | +549.1% |
| 2012 | 2.24 billion current US$ | -423.7% |
| 2013 | 2.17 billion current US$ | -2.9% |
| 2014 | -1.12 billion current US$ | -151.5% |
| 2015 | 1.86 billion current US$ | -266.2% |
| 2016 | -2.41 billion current US$ | -229.9% |
| 2017 | 421.85 million current US$ | -117.5% |
| 2018 | 1.08 billion current US$ | +156.8% |
| 2019 | -1.84 billion current US$ | -269.8% |
| 2020 | -3.00 billion current US$ | +63.2% |
| 2021 | 871.78 million current US$ | -129.0% |
| 2022 | 4.81 billion current US$ | +451.6% |
| 2023 | 2.53 billion current US$ | -47.4% |
| 2024 | -736.28 million current US$ | -129.1% |
Oman compared with similar countries
- Oman's -736.28 million current US$ is below the median for high income countries, which is 285.44 million current US$. (69 countries reporting)
- Oman's -736.28 million current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 279.70 million current US$. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 723.54 million current US$ | 634.85 million current US$ | 812.22 million current US$ | 2 |
| 2000s | 1.89 billion current US$ | -1.79 billion current US$ | 5.66 billion current US$ | 10 |
| 2010s | 160.05 million current US$ | -2.41 billion current US$ | 2.24 billion current US$ | 10 |
| 2020s | 894.77 million current US$ | -3.00 billion current US$ | 4.81 billion current US$ | 5 |
Countries ranked near Oman
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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is changes in inventories in Oman?
- Changes in inventories in Oman was -736.28 million current US$ 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 5.66 billion current US$ in 2008.
- What is the lowest changes in inventories recorded in Oman?
- The lowest recorded value was -3.00 billion current US$ in 2020.
- How does Oman rank for changes in inventories?
- Oman ranks 170th out of 186 countries with data for 2024.
- Is changes in inventories rising or falling in Oman?
- Over the last ten years it is up 34.1%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.