Gross domestic savings (% of GDP) in Oman
Oman: Gross domestic savings (% of GDP) was 42.1% in 2024. ▼ Falling
Gross domestic savings in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Oman recorded 42.1% for gross domestic savings in 2024.
Compared with earlier readings it is down 2.9% on the previous year and down 14.4% over ten years.
Over the whole period, gross domestic savings in Oman peaked at 72.0% in 1969 and was at its lowest, 29.9%, in 2020.
Oman ranks 15th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 58 years of available data.
Gross domestic savings (% of GDP) in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 42.5% | — |
| 1968 | 68.0% | +59.9% |
| 1969 | 72.0% | +5.9% |
| 1970 | 67.8% | -5.8% |
| 1971 | 62.1% | -8.4% |
| 1972 | 45.5% | -26.8% |
| 1973 | 38.8% | -14.5% |
| 1974 | 56.6% | +45.7% |
| 1975 | 52.5% | -7.2% |
| 1976 | 52.2% | -0.5% |
| 1977 | 45.6% | -12.6% |
| 1978 | 38.4% | -15.9% |
| 1979 | 46.4% | +20.8% |
| 1980 | 47.3% | +2.0% |
| 1981 | 49.6% | +4.9% |
| 1982 | 42.0% | -15.3% |
| 1983 | 42.1% | +0.2% |
| 1984 | 42.7% | +1.5% |
| 1985 | 40.3% | -5.6% |
| 1986 | 30.3% | -24.7% |
| 1987 | 38.6% | +27.3% |
| 1988 | 33.8% | -12.6% |
| 1989 | 37.3% | +10.4% |
| 1990 | 44.2% | +18.7% |
| 1991 | 37.2% | -16.0% |
| 1992 | 38.9% | +4.8% |
| 1993 | 36.5% | -6.3% |
| 1994 | 37.7% | +3.2% |
| 1995 | 37.3% | -1.1% |
| 1996 | 40.7% | +9.3% |
| 1997 | 41.9% | +2.8% |
| 1998 | 31.3% | -25.2% |
| 1999 | 36.8% | +17.6% |
| 2000 | 46.9% | +27.4% |
| 2001 | 43.6% | -7.0% |
| 2002 | 44.5% | +1.8% |
| 2003 | 44.2% | -0.5% |
| 2004 | 44.6% | +0.9% |
| 2005 | 52.2% | +17.1% |
| 2006 | 55.0% | +5.3% |
| 2007 | 54.1% | -1.6% |
| 2008 | 60.6% | +11.9% |
| 2009 | 48.0% | -20.8% |
| 2010 | 51.2% | +6.6% |
| 2011 | 53.9% | +5.2% |
| 2012 | 53.6% | -0.5% |
| 2013 | 51.9% | -3.2% |
| 2014 | 49.2% | -5.1% |
| 2015 | 39.3% | -20.2% |
| 2016 | 35.9% | -8.7% |
| 2017 | 36.3% | +1.3% |
| 2018 | 43.6% | +20.1% |
| 2019 | 39.4% | -9.8% |
| 2020 | 29.9% | -24.2% |
| 2021 | 38.6% | +29.2% |
| 2022 | 48.1% | +24.6% |
| 2023 | 43.4% | -9.8% |
| 2024 | 42.1% | -2.9% |
Oman compared with similar countries
- Oman's 42.1% is above the median for high income countries, which is 25.7%, 1.6× the median. (67 countries reporting)
- Oman's 42.1% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 26.5%, 1.6× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 60.8% | 42.5% | 72.0% | 3 |
| 1970s | 50.6% | 38.4% | 67.8% | 10 |
| 1980s | 40.4% | 30.3% | 49.6% | 10 |
| 1990s | 38.3% | 31.3% | 44.2% | 10 |
| 2000s | 49.4% | 43.6% | 60.6% | 10 |
| 2010s | 45.4% | 35.9% | 53.9% | 10 |
| 2020s | 40.4% | 29.9% | 48.1% | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Real gdp growth, annual growth rate 46.63 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross domestic savings in Oman?
- Gross domestic savings in Oman was 42.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Oman?
- The highest recorded value was 72.0% in 1969.
- What is the lowest gross domestic savings recorded in Oman?
- The lowest recorded value was 29.9% in 2020.
- How does Oman rank for gross domestic savings?
- Oman ranks 15th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Oman?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is falling.
- 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 domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.