External balance on goods and services (current LCU), annual growth in Oman
Oman: External balance on goods and services (current LCU), annual growth was 4.35 % change on previous year in 2024. ◆ Volatile
Latest (2024)
4.35 % change on previous year
Change on year
up 119.7%
World rank
73rd
of 192 countries
All-time high
890.91 % change on previous year
in 1968
All-time low
-137.39 % change on previous year
in 1998
Years of data
53
1968–2024
External balance on goods and services (current LCU), annual growth in Oman, 1968–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current lcu), annual growth in Oman is 4.35 % change on previous year, measured in 2024.
The figure is up 119.7% on the previous year and down 50.5% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Oman peaked at 890.91 % change on previous year in 1968 and was at its lowest, -137.39 % change on previous year, in 1998.
That places Oman 73rd out of 192 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.
External balance on goods and services (current LCU), annual growth in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1968 | 890.91 % change on previous year | — |
| 1969 | 43.81 % change on previous year | -95.1% |
| 1970 | -7.97 % change on previous year | -118.2% |
| 1971 | -27.04 % change on previous year | +239.0% |
| 1972 | -47.74 % change on previous year | +76.6% |
| 1973 | -2.73 % change on previous year | -94.3% |
| 1974 | 589.72 % change on previous year | -21723.1% |
| 1975 | -17.28 % change on previous year | -102.9% |
| 1976 | 18.51 % change on previous year | -207.1% |
| 1977 | -6.7 % change on previous year | -136.2% |
| 1978 | -32.74 % change on previous year | +388.4% |
| 1979 | 188.99 % change on previous year | -677.2% |
| 1980 | 96.88 % change on previous year | -48.7% |
| 1981 | 29.09 % change on previous year | -70.0% |
| 1982 | -39.77 % change on previous year | -236.7% |
| 1983 | 6.3 % change on previous year | -115.8% |
| 1984 | -9.37 % change on previous year | -248.7% |
| 1985 | 12.92 % change on previous year | -237.9% |
| 1986 | -110.75 % change on previous year | -957.2% |
| 1988 | -53.11 % change on previous year | -52.0% |
| 1991 | -42.33 % change on previous year | -20.3% |
| 1992 | 17.37 % change on previous year | -141.0% |
| 1993 | -23.33 % change on previous year | -234.3% |
| 1994 | 25.74 % change on previous year | -210.3% |
| 1995 | 9.82 % change on previous year | -61.8% |
| 1996 | 52.02 % change on previous year | +429.7% |
| 1997 | -6.71 % change on previous year | -112.9% |
| 1998 | -137.39 % change on previous year | +1947.3% |
| 1999 | 249.41 % change on previous year | -281.5% |
| 2000 | 231.32 % change on previous year | -7.3% |
| 2001 | -19.72 % change on previous year | -108.5% |
| 2002 | -1.91 % change on previous year | -90.3% |
| 2003 | -14.02 % change on previous year | +632.8% |
| 2004 | -15.59 % change on previous year | +11.2% |
| 2005 | 173.13 % change on previous year | -1210.4% |
| 2006 | 7.81 % change on previous year | -95.5% |
| 2007 | -23.92 % change on previous year | -406.4% |
| 2008 | 86.96 % change on previous year | -463.5% |
| 2009 | -40.36 % change on previous year | -146.4% |
| 2010 | 83.16 % change on previous year | -306.1% |
| 2011 | 43.24 % change on previous year | -48.0% |
| 2012 | 0.6278 % change on previous year | -98.5% |
| 2013 | -14.06 % change on previous year | -2339.0% |
| 2014 | 8.79 % change on previous year | -162.5% |
| 2015 | -87.93 % change on previous year | -1100.9% |
| 2016 | -107.34 % change on previous year | +22.1% |
| 2018 | 446.04 % change on previous year | -515.6% |
| 2019 | 0.5938 % change on previous year | -99.9% |
| 2020 | -84.6 % change on previous year | -14347.4% |
| 2021 | 451.53 % change on previous year | -633.7% |
| 2022 | 143.8 % change on previous year | -68.2% |
| 2023 | -22.13 % change on previous year | -115.4% |
| 2024 | 4.35 % change on previous year | -119.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 467.36 % change on previous year | 43.81 % change on previous year | 890.91 % change on previous year | 2 |
| 1970s | 65.5 % change on previous year | -47.74 % change on previous year | 589.72 % change on previous year | 10 |
| 1980s | -8.48 % change on previous year | -110.75 % change on previous year | 96.88 % change on previous year | 8 |
| 1990s | 16.07 % change on previous year | -137.39 % change on previous year | 249.41 % change on previous year | 9 |
| 2000s | 38.37 % change on previous year | -40.36 % change on previous year | 231.32 % change on previous year | 10 |
| 2010s | 41.46 % change on previous year | -107.34 % change on previous year | 446.04 % change on previous year | 9 |
| 2020s | 98.59 % change on previous year | -84.6 % change on previous year | 451.53 % change on previous year | 5 |
Countries ranked near Oman
- 70 Libya 5.63 % change on previous year compare
- 71 Mauritius 5.52 % change on previous year compare
- 72 Romania 4.89 % change on previous year compare
- 74 Ecuador 4.32 % change on previous year compare
- 75 Tonga 3.85 % change on previous year compare
- 76 Seychelles 3.75 % change on previous year 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 9.72 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.395 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 8,012 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 4.35 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 10.37 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0108 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 215.39 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 10.16 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Oman?
- External balance on goods and services (current lcu), annual growth in Oman was 4.35 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Oman?
- The highest recorded value was 890.91 % change on previous year in 1968.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Oman?
- The lowest recorded value was -137.39 % change on previous year in 1998.
- How does Oman rank for external balance on goods and services (current lcu), annual growth?
- Oman ranks 73rd out of 192 countries with data for 2024.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Oman?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.