Discrepancy in expenditure estimate of GDP in Oman
Oman: Discrepancy in expenditure estimate of GDP was 351,800 current LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for discrepancy in expenditure estimate of gdp in Oman is 351,800 current LCU, measured in 2024.
Compared with earlier readings it is up 3,642.6% on the previous year and up 451.8% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Oman peaked at 714.20 million current LCU in 1996 and was at its lowest, -2.70 million current LCU, in 1986.
That places Oman 49th out of 185 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.
Discrepancy in expenditure estimate of GDP in Oman, year by year
| Year | current LCU | Change |
|---|---|---|
| 1967 | 0 current LCU | — |
| 1968 | 0 current LCU | — |
| 1969 | 0 current LCU | — |
| 1970 | 0 current LCU | — |
| 1971 | 0 current LCU | — |
| 1972 | 0 current LCU | — |
| 1973 | 0 current LCU | — |
| 1974 | -200 current LCU | — |
| 1975 | 100 current LCU | -150.0% |
| 1976 | 0 current LCU | -100.0% |
| 1977 | 7.20 million current LCU | — |
| 1978 | -999,900 current LCU | -113.9% |
| 1979 | 100 current LCU | -100.0% |
| 1980 | -99,800 current LCU | -99900.0% |
| 1981 | 1.00 million current LCU | -1102.0% |
| 1982 | 0 current LCU | -100.0% |
| 1983 | -100 current LCU | — |
| 1984 | 200,000 current LCU | -200100.0% |
| 1985 | 2.10 million current LCU | +949.9% |
| 1986 | -2.70 million current LCU | -228.6% |
| 1987 | 800,000 current LCU | -129.6% |
| 1988 | 298.70 million current LCU | +37237.5% |
| 1990 | 601.40 million current LCU | +101.3% |
| 1991 | 551.80 million current LCU | -8.2% |
| 1992 | 591.10 million current LCU | +7.1% |
| 1993 | 579.60 million current LCU | -1.9% |
| 1994 | 626.00 million current LCU | +8.0% |
| 1995 | 663.10 million current LCU | +5.9% |
| 1996 | 714.20 million current LCU | +7.7% |
| 1997 | 703.90 million current LCU | -1.4% |
| 1998 | 400,000 current LCU | -99.9% |
| 1999 | 500,000 current LCU | +25.0% |
| 2000 | -100,000 current LCU | -120.0% |
| 2001 | -200,000 current LCU | +100.0% |
| 2002 | -400,000 current LCU | +100.0% |
| 2003 | -400,000 current LCU | -0.0% |
| 2004 | -100,000 current LCU | -75.0% |
| 2005 | -100,000 current LCU | -0.0% |
| 2006 | 100,000 current LCU | -200.0% |
| 2007 | 900,000 current LCU | +800.0% |
| 2008 | -200,000 current LCU | -122.2% |
| 2009 | -300,000 current LCU | +50.0% |
| 2010 | -600,000 current LCU | +100.0% |
| 2011 | -200,000 current LCU | -66.7% |
| 2012 | 900,000 current LCU | -550.0% |
| 2013 | -800,000 current LCU | -188.9% |
| 2014 | -100,000 current LCU | -87.5% |
| 2015 | -300,000 current LCU | +200.0% |
| 2016 | 100,000 current LCU | -133.3% |
| 2017 | -700,000 current LCU | -800.0% |
| 2018 | -1.00 million current LCU | +42.9% |
| 2019 | 100,000 current LCU | -110.0% |
| 2020 | 700,000 current LCU | +600.0% |
| 2021 | 1.70 million current LCU | +142.9% |
| 2022 | 0 current LCU | -100.0% |
| 2023 | 9,400 current LCU | — |
| 2024 | 351,800 current LCU | +3642.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 current LCU | 0 current LCU | 0 current LCU | 3 |
| 1970s | 620,030 current LCU | -999,900 current LCU | 7.20 million current LCU | 10 |
| 1980s | 33.33 million current LCU | -2.70 million current LCU | 298.70 million current LCU | 9 |
| 1990s | 503.20 million current LCU | 400,000 current LCU | 714.20 million current LCU | 10 |
| 2000s | -80,000 current LCU | -400,000 current LCU | 900,000 current LCU | 10 |
| 2010s | -260,000 current LCU | -1.00 million current LCU | 900,000 current LCU | 10 |
| 2020s | 552,240 current LCU | 0 current LCU | 1.70 million current LCU | 5 |
Countries ranked near Oman
- 47 Djibouti 645,700 current LCU compare
- 48 Central African Republic 495,800 current LCU compare
- 50 East Timor 345,815 current LCU compare
- 51 Uruguay 200,000 current LCU compare
- 52 Costa Rica 100,000 current LCU compare
- 52 Faroe Islands 100,000 current LCU compare
- 52 Honduras 100,000 current LCU 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.38 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.3866 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 7,711 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8819 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,591 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.3629 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Oman?
- Discrepancy in expenditure estimate of gdp in Oman was 351,800 current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Oman?
- The highest recorded value was 714.20 million current LCU in 1996.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Oman?
- The lowest recorded value was -2.70 million current LCU in 1986.
- How does Oman rank for discrepancy in expenditure estimate of gdp?
- Oman ranks 49th out of 185 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Oman?
- Over the last ten years it is up 451.8%. 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 Discrepancy in expenditure estimate of GDP (current LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.