Current account balance in Oman
Oman: Current account balance was 3.07 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Oman stood at 3.07 billion BoP, current US$.
The figure is up 26.1% on the previous year and down 28.5% over ten years.
Over the whole period, current account balance in Oman peaked at 8.87 billion BoP, current US$ in 2011 and was at its lowest, -12.56 billion BoP, current US$, in 2020.
That places Oman 37th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 174.82 million BoP, current US$ | -49.51 million BoP, current US$ | 548.64 million BoP, current US$ | 6 |
| 1980s | 319.52 million BoP, current US$ | -1.04 billion BoP, current US$ | 1.24 billion BoP, current US$ | 10 |
| 1990s | -608.47 million BoP, current US$ | -3.16 billion BoP, current US$ | 1.11 billion BoP, current US$ | 10 |
| 2000s | 2.74 billion BoP, current US$ | -434.79 million BoP, current US$ | 5.66 billion BoP, current US$ | 10 |
| 2010s | -1.19 billion BoP, current US$ | -12.48 billion BoP, current US$ | 8.87 billion BoP, current US$ | 10 |
| 2020s | -1.58 billion BoP, current US$ | -12.56 billion BoP, current US$ | 4.01 billion BoP, current US$ | 5 |
Countries ranked near Oman
- 34 Hungary 4.08 billion BoP, current US$ compare
- 35 Azerbaijan 3.48 billion BoP, current US$ compare
- 36 Guatemala 3.27 billion BoP, current US$ compare
- 38 Tajikistan 3.02 billion BoP, current US$ compare
- 39 Slovenia 2.83 billion BoP, current US$ compare
- 40 Brunei 2.71 billion BoP, current US$ compare
More economy & growth data for Oman
- External balance on goods and services as a percent of GDP 17.3% (2024)
- Inflation of consumer prices 1.0% (2025)
- GDP per capita 17,074 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 9.4% (2025)
- Gross domestic product (GDP) 93.82 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,074 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3845 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -3.57 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -9.29 billion current US$ (2024)
- Taxes less subsidies on products -228.64 million current LCU (2025)
Frequently asked questions
- What is current account balance in Oman?
- Current account balance in Oman was 3.07 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Oman?
- The highest recorded value was 8.87 billion BoP, current US$ in 2011.
- What is the lowest current account balance recorded in Oman?
- The lowest recorded value was -12.56 billion BoP, current US$ in 2020.
- How does Oman rank for current account balance?
- Oman ranks 37th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Oman?
- Over the last ten years it is down 28.5%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.