Current account balance as a proportion of GDP (%) in Oman
Oman: Current account balance as a proportion of GDP (%) was 2.9% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Oman, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Oman stood at 2.9%.
The figure is up 25.0% on the previous year and down 38.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Oman peaked at 14.6% in 2005 and was at its lowest, -16.6%, in 2016.
That places Oman 60th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Oman, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 14.1% | — |
| 2001 | 9.4% | -33.3% |
| 2002 | 8.4% | -10.3% |
| 2003 | 5.9% | -30.2% |
| 2004 | 3.1% | -47.5% |
| 2005 | 14.6% | +372.1% |
| 2006 | 13.3% | -8.8% |
| 2007 | 5.1% | -61.7% |
| 2008 | 7.2% | +41.8% |
| 2009 | -0.8% | -110.8% |
| 2010 | 7.6% | -1068.7% |
| 2011 | 11.4% | +50.7% |
| 2012 | 9.0% | -21.4% |
| 2013 | 5.9% | -34.6% |
| 2014 | 4.6% | -21.3% |
| 2015 | -13.8% | -397.7% |
| 2016 | -16.6% | +20.5% |
| 2017 | -13.6% | -18.0% |
| 2018 | -4.9% | -64.4% |
| 2019 | -4.9% | +1.4% |
| 2020 | -16.5% | +236.5% |
| 2021 | -5.5% | -66.5% |
| 2022 | 3.7% | -165.9% |
| 2023 | 2.3% | -37.2% |
| 2024 | 2.9% | +25.0% |
Oman compared with similar countries
- Oman's 2.9% is above the median for high income countries, which is 1.6%, 1.8× the median. (69 countries reporting)
- Oman's 2.9% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.2%. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1068.7% | -0.8% | 7.6% |
| 2005 | +372.1% | 3.1% | 14.6% |
| 2015 | -397.7% | 4.6% | -13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | -0.8% | 14.6% | 10 |
| 2010s | -1.5% | -16.6% | 11.4% | 10 |
| 2020s | -2.7% | -16.5% | 3.7% | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Real gdp growth, annual growth rate 46.63 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 178.8 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.78 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0065 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 130.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.33 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Oman?
- Current account balance as a proportion of gdp in Oman was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Oman?
- The highest recorded value was 14.6% in 2005.
- What is the lowest current account balance as a proportion of gdp recorded in Oman?
- The lowest recorded value was -16.6% in 2016.
- How does Oman rank for current account balance as a proportion of gdp?
- Oman ranks 60th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Oman?
- Over the last ten years it is down 38.1%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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