Gross capital formation in Oman
Oman: Gross capital formation was 10.24 billion current LCU in 2024. ◆ Volatile
Gross capital formation 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 gross capital formation in Oman is 10.24 billion current LCU, measured in 2024.
The figure is down 6.0% on the previous year and up 0.3% over ten years.
Over the whole period, gross capital formation in Oman peaked at 11.54 billion current LCU in 2022 and was at its lowest, 9.30 million current LCU, in 1969.
That places Oman 152nd 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.43 million current LCU | 9.30 million current LCU | 12.10 million current LCU | 3 |
| 1970s | 178.47 million current LCU | 14.70 million current LCU | 335.40 million current LCU | 10 |
| 1980s | 674.01 million current LCU | 444.20 million current LCU | 953.10 million current LCU | 10 |
| 1990s | 1.05 billion current LCU | 554.80 million current LCU | 2.35 billion current LCU | 10 |
| 2000s | 4.81 billion current LCU | 1.93 billion current LCU | 11.27 billion current LCU | 10 |
| 2010s | 9.93 billion current LCU | 7.34 billion current LCU | 11.19 billion current LCU | 10 |
| 2020s | 10.02 billion current LCU | 8.06 billion current LCU | 11.54 billion current LCU | 5 |
Countries ranked near Oman
- 150 Latvia 10.35 billion current LCU compare
- 151 Estonia 10.34 billion current LCU compare
- 153 El Salvador 9.67 billion current LCU compare
- 154 Greenland 8.25 billion current LCU compare
- 155 Faroe Islands 7.87 billion current LCU 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 gross capital formation in Oman?
- Gross capital formation in Oman was 10.24 billion current LCU 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 11.54 billion current LCU in 2022.
- What is the lowest gross capital formation recorded in Oman?
- The lowest recorded value was 9.30 million current LCU in 1969.
- How does Oman rank for gross capital formation?
- Oman ranks 152nd out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Oman?
- Over the last ten years it is up 0.3%. 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 Gross capital formation (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.