Gross capital formation in Oman
Oman: Gross capital formation was 24.00 billion constant 2015 US$ in 2024. ▲ Rising
Gross capital formation in Oman, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross capital formation in Oman stood at 24.00 billion constant 2015 US$.
Compared with earlier readings it is down 5.9% on the previous year and down 0.2% over ten years.
Over the whole period, gross capital formation in Oman peaked at 32.47 billion constant 2015 US$ in 2017 and was at its lowest, 6.56 billion constant 2015 US$, in 2000.
That places Oman 59th out of 163 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Gross capital formation in Oman, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1998 | 10.90 billion constant 2015 US$ | — |
| 1999 | 8.90 billion constant 2015 US$ | -18.3% |
| 2000 | 6.56 billion constant 2015 US$ | -26.4% |
| 2001 | 7.34 billion constant 2015 US$ | +11.9% |
| 2002 | 8.18 billion constant 2015 US$ | +11.4% |
| 2003 | 9.34 billion constant 2015 US$ | +14.2% |
| 2004 | 12.69 billion constant 2015 US$ | +35.9% |
| 2005 | 7.65 billion constant 2015 US$ | -39.7% |
| 2006 | 14.64 billion constant 2015 US$ | +91.4% |
| 2007 | 20.39 billion constant 2015 US$ | +39.2% |
| 2008 | 25.88 billion constant 2015 US$ | +27.0% |
| 2009 | 25.66 billion constant 2015 US$ | -0.8% |
| 2010 | 20.50 billion constant 2015 US$ | -20.1% |
| 2011 | 22.00 billion constant 2015 US$ | +7.3% |
| 2012 | 26.48 billion constant 2015 US$ | +20.3% |
| 2013 | 28.92 billion constant 2015 US$ | +9.2% |
| 2014 | 24.05 billion constant 2015 US$ | -16.8% |
| 2015 | 28.63 billion constant 2015 US$ | +19.0% |
| 2016 | 30.12 billion constant 2015 US$ | +5.2% |
| 2017 | 32.47 billion constant 2015 US$ | +7.8% |
| 2018 | 29.87 billion constant 2015 US$ | -8.0% |
| 2019 | 27.39 billion constant 2015 US$ | -8.3% |
| 2020 | 28.13 billion constant 2015 US$ | +2.7% |
| 2021 | 24.78 billion constant 2015 US$ | -11.9% |
| 2022 | 27.69 billion constant 2015 US$ | +11.7% |
| 2023 | 25.50 billion constant 2015 US$ | -7.9% |
| 2024 | 24.00 billion constant 2015 US$ | -5.9% |
Oman compared with similar countries
- Oman's 24.00 billion constant 2015 US$ is below the median for high income countries, which is 50.23 billion constant 2015 US$, 48% of the median. (58 countries reporting)
- Oman's 24.00 billion constant 2015 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 23.64 billion constant 2015 US$, 1.0× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.90 billion constant 2015 US$ | 8.90 billion constant 2015 US$ | 10.90 billion constant 2015 US$ | 2 |
| 2000s | 13.83 billion constant 2015 US$ | 6.56 billion constant 2015 US$ | 25.88 billion constant 2015 US$ | 10 |
| 2010s | 27.04 billion constant 2015 US$ | 20.50 billion constant 2015 US$ | 32.47 billion constant 2015 US$ | 10 |
| 2020s | 26.02 billion constant 2015 US$ | 24.00 billion constant 2015 US$ | 28.13 billion constant 2015 US$ | 5 |
Countries ranked near Oman
- 56 Panama 25.84 billion constant 2015 US$ compare
- 57 Ecuador 24.60 billion constant 2015 US$ compare
- 58 Sri Lanka 24.41 billion constant 2015 US$ compare
- 60 Cote d'Ivoire 23.74 billion constant 2015 US$ compare
- 61 Kuwait 23.28 billion constant 2015 US$ compare
- 62 Democratic Republic of Congo 21.87 billion constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -142.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -27.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 12.47 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.6369 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1164 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,360 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Oman?
- Gross capital formation in Oman was 24.00 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Oman?
- The highest recorded value was 32.47 billion constant 2015 US$ in 2017.
- What is the lowest gross capital formation recorded in Oman?
- The lowest recorded value was 6.56 billion constant 2015 US$ in 2000.
- How does Oman rank for gross capital formation?
- Oman ranks 59th out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Oman?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- 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 Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.