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.
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 50th out of 177 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 | Value | 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% |
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
- 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0938 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,871 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0361 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 719.49 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.084 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,675 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 675.24 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -0.3855 % 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 50th out of 177 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).