Current account balance as a proportion of gdp in Oman
Oman: Current account balance as a proportion of gdp was 2.42 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in Oman, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in Oman is 2.42, measured in 2023.
That represents a change of down 37.9% on the previous year and down 58.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Oman peaked at 14.58 in 2005 and was at its lowest, -16.55, in 2016.
Oman ranks 51st of 191 countries on this measure, 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 | 14.06 | — |
| 2001 | 9.38 | -33.3% |
| 2002 | 8.42 | -10.2% |
| 2003 | 5.88 | -30.2% |
| 2004 | 3.09 | -47.4% |
| 2005 | 14.58 | +371.8% |
| 2006 | 13.3 | -8.8% |
| 2007 | 5.1 | -61.7% |
| 2008 | 7.23 | +41.8% |
| 2009 | -0.78 | -110.8% |
| 2010 | 7.59 | -1073.1% |
| 2011 | 11.44 | +50.7% |
| 2012 | 8.99 | -21.4% |
| 2013 | 5.88 | -34.6% |
| 2014 | 4.63 | -21.3% |
| 2015 | -13.76 | -397.2% |
| 2016 | -16.55 | +20.3% |
| 2017 | -13.61 | -17.8% |
| 2018 | -4.87 | -64.2% |
| 2019 | -4.92 | +1.0% |
| 2020 | -16.55 | +236.4% |
| 2021 | -5.54 | -66.5% |
| 2022 | 3.9 | -170.4% |
| 2023 | 2.42 | -37.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.03 | -0.78 | 14.58 | 10 |
| 2010s | -1.52 | -16.55 | 11.44 | 10 |
| 2020s | -3.94 | -16.55 | 3.9 | 4 |
Countries ranked near Oman
- 48 Lao People's Democratic Republic 2.55 compare
- 49 Russian Federation 2.48 compare
- 50 Nepal 2.44 compare
- 51 Eswatini 2.42 compare
- 53 Algeria 2.19 compare
- 54 Republic of Korea 2.07 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)
- GDP (current US$), annual growth rate 2.3 % change on previous year (2025)
- GDP (current US$), per capita 19,947 current US$ per person (2025)
- GDP (current LCU), annual growth rate 2.3 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 0.3845 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 7,670 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.4 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.856 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 17,074 constant 2015 US$ per person (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 2.42 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Oman?
- The highest recorded value was 14.58 in 2005.
- What is the lowest current account balance as a proportion of gdp recorded in Oman?
- The lowest recorded value was -16.55 in 2016.
- How does Oman rank for current account balance as a proportion of gdp?
- Oman ranks 51st out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Oman?
- Over the last ten years it is down 58.8%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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