Gross capital formation (current LCU), annual growth rate (current) in Oman
Oman: Gross capital formation (current LCU), annual growth rate (current) was -5.96 % change on previous year in 2024. ◆ Volatile
Gross capital formation (current LCU), annual growth rate in Oman, 1968–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Oman recorded -5.96 % change on previous year for gross capital formation (current lcu), annual growth rate in 2024.
That represents a change of down 4.9% on the previous year and up 32.5% over ten years.
Over the whole period, gross capital formation (current lcu), annual growth rate in Oman peaked at 292.12 % change on previous year in 1974 and was at its lowest, -37.19 % change on previous year, in 1987.
That places Oman 168th out of 186 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current LCU), annual growth rate (current) in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1968 | -18.18 % change on previous year | — |
| 1969 | -6.06 % change on previous year | -66.7% |
| 1970 | 58.06 % change on previous year | -1058.1% |
| 1971 | 142.18 % change on previous year | +144.9% |
| 1972 | 17.98 % change on previous year | -87.4% |
| 1973 | 5.71 % change on previous year | -68.2% |
| 1974 | 292.12 % change on previous year | +5012.0% |
| 1975 | 48.19 % change on previous year | -83.5% |
| 1976 | 22.91 % change on previous year | -52.5% |
| 1977 | -8.58 % change on previous year | -137.4% |
| 1978 | -5.66 % change on previous year | -34.0% |
| 1979 | 22.63 % change on previous year | -500.1% |
| 1980 | 37.33 % change on previous year | +64.9% |
| 1981 | 24.97 % change on previous year | -33.1% |
| 1982 | 20.57 % change on previous year | -17.6% |
| 1983 | 4.55 % change on previous year | -77.9% |
| 1984 | 25.85 % change on previous year | +467.8% |
| 1985 | 4.37 % change on previous year | -83.1% |
| 1986 | -5.74 % change on previous year | -231.4% |
| 1987 | -37.19 % change on previous year | +548.0% |
| 1988 | -9.43 % change on previous year | -74.6% |
| 1989 | -13.09 % change on previous year | +38.8% |
| 1990 | 24.9 % change on previous year | -290.2% |
| 1991 | 18.06 % change on previous year | -27.5% |
| 1992 | 19.54 % change on previous year | +8.2% |
| 1993 | 7.57 % change on previous year | -61.2% |
| 1994 | -7.16 % change on previous year | -194.5% |
| 1995 | 1.66 % change on previous year | -123.2% |
| 1996 | 1.19 % change on previous year | -28.1% |
| 1997 | 33.56 % change on previous year | +2708.5% |
| 1998 | 119 % change on previous year | +254.6% |
| 1999 | -19.45 % change on previous year | -116.3% |
| 2000 | 1.98 % change on previous year | -110.2% |
| 2001 | 6.26 % change on previous year | +216.4% |
| 2002 | 12.08 % change on previous year | +93.0% |
| 2003 | 21.37 % change on previous year | +76.9% |
| 2004 | 31.55 % change on previous year | +47.6% |
| 2005 | 5.53 % change on previous year | -82.5% |
| 2006 | 41.81 % change on previous year | +655.5% |
| 2007 | 34.22 % change on previous year | -18.1% |
| 2008 | 52.7 % change on previous year | +54.0% |
| 2009 | -35.58 % change on previous year | -167.5% |
| 2010 | 1.12 % change on previous year | -103.1% |
| 2011 | 12.24 % change on previous year | +994.8% |
| 2012 | 23.18 % change on previous year | +89.4% |
| 2013 | 10.2 % change on previous year | -56.0% |
| 2014 | -8.82 % change on previous year | -186.5% |
| 2015 | 7.9 % change on previous year | -189.5% |
| 2016 | -5.3 % change on previous year | -167.1% |
| 2017 | 0.9344 % change on previous year | -117.6% |
| 2018 | 5.92 % change on previous year | +533.6% |
| 2019 | -18.38 % change on previous year | -410.5% |
| 2020 | -11.37 % change on previous year | -38.1% |
| 2021 | 16.02 % change on previous year | -240.8% |
| 2022 | 23.38 % change on previous year | +46.0% |
| 2023 | -5.68 % change on previous year | -124.3% |
| 2024 | -5.96 % change on previous year | +4.9% |
Oman compared with similar countries
- Oman's -5.96 % change on previous year is below the median for high income countries, which is 4.47 % change on previous year. (67 countries reporting)
- Oman's -5.96 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 9.2 % change on previous year. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current LCU), annual growth rate (current) in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +5012.0% | 5.71 % change on previous year | 292.12 % change on previous year |
| 1997 | +2708.5% | 1.19 % change on previous year | 33.56 % change on previous year |
| 1970 | +1058.1% | -6.06 % change on previous year | 58.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -12.12 % change on previous year | -18.18 % change on previous year | -6.06 % change on previous year | 2 |
| 1970s | 59.55 % change on previous year | -8.58 % change on previous year | 292.12 % change on previous year | 10 |
| 1980s | 5.22 % change on previous year | -37.19 % change on previous year | 37.33 % change on previous year | 10 |
| 1990s | 19.89 % change on previous year | -19.45 % change on previous year | 119 % change on previous year | 10 |
| 2000s | 17.19 % change on previous year | -35.58 % change on previous year | 52.7 % change on previous year | 10 |
| 2010s | 2.9 % change on previous year | -18.38 % change on previous year | 23.18 % change on previous year | 10 |
| 2020s | 3.28 % change on previous year | -11.37 % change on previous year | 23.38 % change on previous year | 5 |
Countries ranked near Oman
- 165 Solomon Islands -2.67 % change on previous year compare
- 166 Iraq -3.09 % change on previous year compare
- 167 Seychelles -4.66 % change on previous year compare
- 169 Brunei -6.75 % change on previous year compare
- 170 Azerbaijan -6.9 % change on previous year compare
- 171 Faroe Islands -7.66 % 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)
- SDRs holdings, US dollar, annual growth rate 2.09 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 178.8 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.78 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0065 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 130.56 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.33 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (current lcu), annual growth rate in Oman?
- Gross capital formation (current lcu), annual growth rate in Oman was -5.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), annual growth rate recorded in Oman?
- The highest recorded value was 292.12 % change on previous year in 1974.
- What is the lowest gross capital formation (current lcu), annual growth rate recorded in Oman?
- The lowest recorded value was -37.19 % change on previous year in 1987.
- How does Oman rank for gross capital formation (current lcu), annual growth rate?
- Oman ranks 168th out of 186 countries with data for 2024.
- Is gross capital formation (current lcu), annual growth rate rising or falling in Oman?
- Over the last ten years it is up 32.5%. 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 Gross capital formation (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation 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 Gross capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.