Gross capital formation in Oman
Oman: Gross capital formation was 26.62 billion current US$ in 2024. ◆ Volatile
Latest (2024)
26.62 billion current US$
Change on year
down 6.0%
World rank
67th
of 187 countries
All-time high
30.01 billion current US$
in 2022
All-time low
22.32 million current US$
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 US$.
Analysis
In 2024, gross capital formation in Oman stood at 26.62 billion current US$.
Compared with earlier readings it 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 30.01 billion current US$ in 2022 and was at its lowest, 22.32 million current US$, in 1969.
Oman ranks 67th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Oman, year by year
| Year | current US$ | Change |
|---|---|---|
| 1967 | 33.42 million current US$ | — |
| 1968 | 23.76 million current US$ | -28.9% |
| 1969 | 22.32 million current US$ | -6.1% |
| 1970 | 35.28 million current US$ | +58.1% |
| 1971 | 85.66 million current US$ | +142.8% |
| 1972 | 109.44 million current US$ | +27.8% |
| 1973 | 126.61 million current US$ | +15.7% |
| 1974 | 504.05 million current US$ | +298.1% |
| 1975 | 746.96 million current US$ | +48.2% |
| 1976 | 918.07 million current US$ | +22.9% |
| 1977 | 839.32 million current US$ | -8.6% |
| 1978 | 791.84 million current US$ | -5.7% |
| 1979 | 971.05 million current US$ | +22.6% |
| 1980 | 1.33 billion current US$ | +37.3% |
| 1981 | 1.67 billion current US$ | +25.0% |
| 1982 | 2.01 billion current US$ | +20.6% |
| 1983 | 2.10 billion current US$ | +4.6% |
| 1984 | 2.64 billion current US$ | +25.9% |
| 1985 | 2.76 billion current US$ | +4.4% |
| 1986 | 2.35 billion current US$ | -14.8% |
| 1987 | 1.47 billion current US$ | -37.6% |
| 1988 | 1.33 billion current US$ | -9.4% |
| 1989 | 1.16 billion current US$ | -13.1% |
| 1990 | 1.44 billion current US$ | +24.9% |
| 1991 | 1.70 billion current US$ | +18.1% |
| 1992 | 2.04 billion current US$ | +19.5% |
| 1993 | 2.19 billion current US$ | +7.6% |
| 1994 | 2.03 billion current US$ | -7.2% |
| 1995 | 2.07 billion current US$ | +1.7% |
| 1996 | 2.09 billion current US$ | +1.2% |
| 1997 | 2.79 billion current US$ | +33.6% |
| 1998 | 6.12 billion current US$ | +119.0% |
| 1999 | 4.93 billion current US$ | -19.5% |
| 2000 | 5.03 billion current US$ | +2.0% |
| 2001 | 5.34 billion current US$ | +6.3% |
| 2002 | 5.99 billion current US$ | +12.1% |
| 2003 | 7.27 billion current US$ | +21.4% |
| 2004 | 9.56 billion current US$ | +31.5% |
| 2005 | 10.09 billion current US$ | +5.5% |
| 2006 | 14.31 billion current US$ | +41.8% |
| 2007 | 19.20 billion current US$ | +34.2% |
| 2008 | 29.32 billion current US$ | +52.7% |
| 2009 | 18.89 billion current US$ | -35.6% |
| 2010 | 19.10 billion current US$ | +1.1% |
| 2011 | 21.44 billion current US$ | +12.2% |
| 2012 | 26.41 billion current US$ | +23.2% |
| 2013 | 29.10 billion current US$ | +10.2% |
| 2014 | 26.53 billion current US$ | -8.8% |
| 2015 | 28.63 billion current US$ | +7.9% |
| 2016 | 27.11 billion current US$ | -5.3% |
| 2017 | 27.36 billion current US$ | +0.9% |
| 2018 | 28.98 billion current US$ | +5.9% |
| 2019 | 23.66 billion current US$ | -18.4% |
| 2020 | 20.97 billion current US$ | -11.4% |
| 2021 | 24.32 billion current US$ | +16.0% |
| 2022 | 30.01 billion current US$ | +23.4% |
| 2023 | 28.31 billion current US$ | -5.7% |
| 2024 | 26.62 billion current US$ | -6.0% |
Oman compared with similar countries
- Oman's 26.62 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 55% of the median. (67 countries reporting)
- Oman's 26.62 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 24.30 billion current US$, 1.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +298.1% | 126.61 million current US$ | 504.05 million current US$ |
| 1971 | +142.8% | 35.28 million current US$ | 85.66 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.50 million current US$ | 22.32 million current US$ | 33.42 million current US$ | 3 |
| 1970s | 512.83 million current US$ | 35.28 million current US$ | 971.05 million current US$ | 10 |
| 1980s | 1.88 billion current US$ | 1.16 billion current US$ | 2.76 billion current US$ | 10 |
| 1990s | 2.74 billion current US$ | 1.44 billion current US$ | 6.12 billion current US$ | 10 |
| 2000s | 12.50 billion current US$ | 5.03 billion current US$ | 29.32 billion current US$ | 10 |
| 2010s | 25.83 billion current US$ | 19.10 billion current US$ | 29.10 billion current US$ | 10 |
| 2020s | 26.05 billion current US$ | 20.97 billion current US$ | 30.01 billion current US$ | 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Oman?
- Gross capital formation in Oman was 26.62 billion current US$ 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 30.01 billion current US$ in 2022.
- What is the lowest gross capital formation recorded in Oman?
- The lowest recorded value was 22.32 million current US$ in 1969.
- How does Oman rank for gross capital formation?
- Oman ranks 67th 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 US$). 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 indicator is expressed in United States dollars.