Gross capital formation in Oman
Oman: Gross capital formation was 24.8% in 2024. ▲ Rising
Gross capital formation in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Oman recorded 24.8% for gross capital formation in 2024.
That represents a change of down 6.8% on the previous year and down 13.2% over ten years.
Over the whole period, gross capital formation in Oman peaked at 42.0% in 2008 and was at its lowest, 9.3%, in 1969.
Oman ranks 75th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 58 years of available data.
Gross capital formation in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 31.2% | — |
| 1968 | 12.6% | -59.7% |
| 1969 | 9.3% | -26.1% |
| 1970 | 13.8% | +48.0% |
| 1971 | 28.5% | +106.8% |
| 1972 | 29.8% | +4.8% |
| 1973 | 26.2% | -12.1% |
| 1974 | 30.6% | +16.8% |
| 1975 | 35.6% | +16.3% |
| 1976 | 35.9% | +0.7% |
| 1977 | 30.6% | -14.6% |
| 1978 | 28.9% | -5.6% |
| 1979 | 26.0% | -10.0% |
| 1980 | 22.3% | -14.3% |
| 1981 | 23.0% | +3.0% |
| 1982 | 26.6% | +15.9% |
| 1983 | 26.5% | -0.4% |
| 1984 | 30.0% | +13.2% |
| 1985 | 27.6% | -8.0% |
| 1986 | 32.1% | +16.4% |
| 1987 | 18.8% | -41.5% |
| 1988 | 15.9% | -15.6% |
| 1989 | 12.3% | -22.2% |
| 1990 | 10.8% | -12.1% |
| 1991 | 13.2% | +21.6% |
| 1992 | 14.4% | +8.9% |
| 1993 | 15.4% | +7.2% |
| 1994 | 13.8% | -10.2% |
| 1995 | 13.2% | -4.8% |
| 1996 | 12.0% | -8.6% |
| 1997 | 15.5% | +28.8% |
| 1998 | 38.1% | +146.2% |
| 1999 | 27.6% | -27.5% |
| 2000 | 22.6% | -18.3% |
| 2001 | 24.1% | +6.5% |
| 2002 | 26.0% | +7.9% |
| 2003 | 29.4% | +13.2% |
| 2004 | 33.7% | +14.7% |
| 2005 | 28.4% | -15.7% |
| 2006 | 33.6% | +18.3% |
| 2007 | 39.8% | +18.3% |
| 2008 | 42.0% | +5.7% |
| 2009 | 34.1% | -18.9% |
| 2010 | 29.4% | -13.7% |
| 2011 | 27.7% | -5.9% |
| 2012 | 30.2% | +9.2% |
| 2013 | 32.4% | +7.1% |
| 2014 | 28.6% | -11.5% |
| 2015 | 36.4% | +27.1% |
| 2016 | 36.1% | -0.8% |
| 2017 | 33.8% | -6.2% |
| 2018 | 31.7% | -6.4% |
| 2019 | 26.9% | -15.2% |
| 2020 | 27.6% | +2.8% |
| 2021 | 27.9% | +0.9% |
| 2022 | 27.3% | -1.9% |
| 2023 | 26.7% | -2.4% |
| 2024 | 24.8% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.7% | 9.3% | 31.2% | 3 |
| 1970s | 28.6% | 13.8% | 35.9% | 10 |
| 1980s | 23.5% | 12.3% | 32.1% | 10 |
| 1990s | 17.4% | 10.8% | 38.1% | 10 |
| 2000s | 31.3% | 22.6% | 42.0% | 10 |
| 2010s | 31.3% | 26.9% | 36.4% | 10 |
| 2020s | 26.9% | 24.8% | 27.9% | 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)
- Manufacturing, value added (constant LCU), per capita 675.24 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -0.3855 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.5274 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 10,521 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -0.3854 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.2028 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,045 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.61 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Oman?
- Gross capital formation in Oman was 24.8% 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 42.0% in 2008.
- What is the lowest gross capital formation recorded in Oman?
- The lowest recorded value was 9.3% in 1969.
- How does Oman rank for gross capital formation?
- Oman ranks 75th out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Oman?
- Over the last ten years it is down 13.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.