Gross fixed capital formation in Oman
Oman: Gross fixed capital formation was 25.69 billion constant 2015 US$ in 2024. ▲ Rising
Gross fixed capital formation in Oman, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in Oman is 25.69 billion constant 2015 US$, measured in 2024.
The figure is up 7.1% on the previous year and down 2.8% over ten years.
Over the whole period, gross fixed capital formation in Oman peaked at 30.82 billion constant 2015 US$ in 2016 and was at its lowest, 6.37 billion constant 2015 US$, in 2000.
Oman ranks 56th of 161 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Gross fixed capital formation in Oman, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1998 | 8.49 billion constant 2015 US$ | — |
| 1999 | 7.25 billion constant 2015 US$ | -14.7% |
| 2000 | 6.37 billion constant 2015 US$ | -12.1% |
| 2001 | 6.92 billion constant 2015 US$ | +8.7% |
| 2002 | 7.63 billion constant 2015 US$ | +10.3% |
| 2003 | 9.06 billion constant 2015 US$ | +18.7% |
| 2004 | 10.88 billion constant 2015 US$ | +20.0% |
| 2005 | 12.67 billion constant 2015 US$ | +16.5% |
| 2006 | 12.99 billion constant 2015 US$ | +2.5% |
| 2007 | 16.83 billion constant 2015 US$ | +29.6% |
| 2008 | 22.15 billion constant 2015 US$ | +31.6% |
| 2009 | 21.90 billion constant 2015 US$ | -1.2% |
| 2010 | 20.27 billion constant 2015 US$ | -7.4% |
| 2011 | 21.93 billion constant 2015 US$ | +8.2% |
| 2012 | 23.49 billion constant 2015 US$ | +7.1% |
| 2013 | 25.74 billion constant 2015 US$ | +9.6% |
| 2014 | 26.44 billion constant 2015 US$ | +2.7% |
| 2015 | 26.77 billion constant 2015 US$ | +1.3% |
| 2016 | 30.82 billion constant 2015 US$ | +15.1% |
| 2017 | 29.75 billion constant 2015 US$ | -3.5% |
| 2018 | 29.90 billion constant 2015 US$ | +0.5% |
| 2019 | 26.79 billion constant 2015 US$ | -10.4% |
| 2020 | 27.29 billion constant 2015 US$ | +1.8% |
| 2021 | 23.00 billion constant 2015 US$ | -15.7% |
| 2022 | 23.42 billion constant 2015 US$ | +1.8% |
| 2023 | 23.99 billion constant 2015 US$ | +2.4% |
| 2024 | 25.69 billion constant 2015 US$ | +7.1% |
Oman compared with similar countries
- Oman's 25.69 billion constant 2015 US$ is below the median for high income countries, which is 50.87 billion constant 2015 US$, 51% of the median. (57 countries reporting)
- Oman's 25.69 billion constant 2015 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 11.07 billion constant 2015 US$, 2.3× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.87 billion constant 2015 US$ | 7.25 billion constant 2015 US$ | 8.49 billion constant 2015 US$ | 2 |
| 2000s | 12.74 billion constant 2015 US$ | 6.37 billion constant 2015 US$ | 22.15 billion constant 2015 US$ | 10 |
| 2010s | 26.19 billion constant 2015 US$ | 20.27 billion constant 2015 US$ | 30.82 billion constant 2015 US$ | 10 |
| 2020s | 24.68 billion constant 2015 US$ | 23.00 billion constant 2015 US$ | 27.29 billion constant 2015 US$ | 5 |
Countries ranked near Oman
- 53 Morocco 36.71 billion constant 2015 US$ compare
- 54 Tanzania 34.65 billion constant 2015 US$ compare
- 55 Hungary 31.85 billion constant 2015 US$ compare
- 57 Sri Lanka 25.54 billion constant 2015 US$ compare
- 58 Dominican Republic 25.24 billion constant 2015 US$ compare
- 59 Panama 24.02 billion constant 2015 US$ compare
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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in Oman?
- Gross fixed capital formation in Oman was 25.69 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Oman?
- The highest recorded value was 30.82 billion constant 2015 US$ in 2016.
- What is the lowest gross fixed capital formation recorded in Oman?
- The lowest recorded value was 6.37 billion constant 2015 US$ in 2000.
- How does Oman rank for gross fixed capital formation?
- Oman ranks 56th out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Oman?
- Over the last ten years it is down 2.8%. 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 fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.