Gross capital formation in Oman
Oman: Gross capital formation was 10.24 billion current LCU in 2024. ◆ Volatile
Latest (2024)
10.24 billion current LCU
Change on year
down 6.0%
World rank
152nd
of 187 countries
All-time high
11.54 billion current LCU
in 2022
All-time low
9.30 million current LCU
in 1969
Years of data
58
1967–2024
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 187 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 in Oman, year by year
| Year | current LCU | Change |
|---|---|---|
| 1967 | 12.10 million current LCU | — |
| 1968 | 9.90 million current LCU | -18.2% |
| 1969 | 9.30 million current LCU | -6.1% |
| 1970 | 14.70 million current LCU | +58.1% |
| 1971 | 35.60 million current LCU | +142.2% |
| 1972 | 42.00 million current LCU | +18.0% |
| 1973 | 44.40 million current LCU | +5.7% |
| 1974 | 174.10 million current LCU | +292.1% |
| 1975 | 258.00 million current LCU | +48.2% |
| 1976 | 317.10 million current LCU | +22.9% |
| 1977 | 289.90 million current LCU | -8.6% |
| 1978 | 273.50 million current LCU | -5.7% |
| 1979 | 335.40 million current LCU | +22.6% |
| 1980 | 460.60 million current LCU | +37.3% |
| 1981 | 575.60 million current LCU | +25.0% |
| 1982 | 694.00 million current LCU | +20.6% |
| 1983 | 725.60 million current LCU | +4.6% |
| 1984 | 913.20 million current LCU | +25.9% |
| 1985 | 953.10 million current LCU | +4.4% |
| 1986 | 898.40 million current LCU | -5.7% |
| 1987 | 564.30 million current LCU | -37.2% |
| 1988 | 511.10 million current LCU | -9.4% |
| 1989 | 444.20 million current LCU | -13.1% |
| 1990 | 554.80 million current LCU | +24.9% |
| 1991 | 655.00 million current LCU | +18.1% |
| 1992 | 783.00 million current LCU | +19.5% |
| 1993 | 842.30 million current LCU | +7.6% |
| 1994 | 782.00 million current LCU | -7.2% |
| 1995 | 795.00 million current LCU | +1.7% |
| 1996 | 804.50 million current LCU | +1.2% |
| 1997 | 1.07 billion current LCU | +33.6% |
| 1998 | 2.35 billion current LCU | +119.0% |
| 1999 | 1.90 billion current LCU | -19.5% |
| 2000 | 1.93 billion current LCU | +2.0% |
| 2001 | 2.05 billion current LCU | +6.3% |
| 2002 | 2.30 billion current LCU | +12.1% |
| 2003 | 2.79 billion current LCU | +21.4% |
| 2004 | 3.68 billion current LCU | +31.5% |
| 2005 | 3.88 billion current LCU | +5.5% |
| 2006 | 5.50 billion current LCU | +41.8% |
| 2007 | 7.38 billion current LCU | +34.2% |
| 2008 | 11.27 billion current LCU | +52.7% |
| 2009 | 7.26 billion current LCU | -35.6% |
| 2010 | 7.34 billion current LCU | +1.1% |
| 2011 | 8.24 billion current LCU | +12.2% |
| 2012 | 10.15 billion current LCU | +23.2% |
| 2013 | 11.19 billion current LCU | +10.2% |
| 2014 | 10.20 billion current LCU | -8.8% |
| 2015 | 11.01 billion current LCU | +7.9% |
| 2016 | 10.42 billion current LCU | -5.3% |
| 2017 | 10.52 billion current LCU | +0.9% |
| 2018 | 11.14 billion current LCU | +5.9% |
| 2019 | 9.10 billion current LCU | -18.4% |
| 2020 | 8.06 billion current LCU | -11.4% |
| 2021 | 9.35 billion current LCU | +16.0% |
| 2022 | 11.54 billion current LCU | +23.4% |
| 2023 | 10.88 billion current LCU | -5.7% |
| 2024 | 10.24 billion current LCU | -6.0% |
Oman compared with similar countries
- Oman's 10.24 billion current LCU is below the median for high income countries, which is 146.46 billion current LCU, 7% of the median. (67 countries reporting)
- Oman's 10.24 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 262.91 billion current LCU, 4% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation 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 | +292.1% | 44.40 million current LCU | 174.10 million current LCU |
| 1971 | +142.2% | 14.70 million current LCU | 35.60 million current LCU |
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
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 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 187 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.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.