Gross fixed capital formation (constant LCU) in Oman
Oman: Gross fixed capital formation (constant LCU) was 9.22 billion constant LCU 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 LCU.
Analysis
The most recent figure for gross fixed capital formation in Oman is 9.22 billion constant LCU, measured in 2024.
That represents a change of 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 11.06 billion constant LCU in 2016 and was at its lowest, 2.29 billion constant LCU, in 2000.
That places Oman 134th out of 168 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Gross fixed capital formation (constant LCU) in Oman, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1998 | 3.05 billion constant LCU | — |
| 1999 | 2.60 billion constant LCU | -14.7% |
| 2000 | 2.29 billion constant LCU | -12.1% |
| 2001 | 2.48 billion constant LCU | +8.7% |
| 2002 | 2.74 billion constant LCU | +10.3% |
| 2003 | 3.25 billion constant LCU | +18.7% |
| 2004 | 3.90 billion constant LCU | +20.0% |
| 2005 | 4.54 billion constant LCU | +16.5% |
| 2006 | 4.66 billion constant LCU | +2.5% |
| 2007 | 6.04 billion constant LCU | +29.6% |
| 2008 | 7.95 billion constant LCU | +31.6% |
| 2009 | 7.86 billion constant LCU | -1.2% |
| 2010 | 7.27 billion constant LCU | -7.4% |
| 2011 | 7.87 billion constant LCU | +8.2% |
| 2012 | 8.43 billion constant LCU | +7.1% |
| 2013 | 9.23 billion constant LCU | +9.6% |
| 2014 | 9.48 billion constant LCU | +2.7% |
| 2015 | 9.60 billion constant LCU | +1.3% |
| 2016 | 11.06 billion constant LCU | +15.1% |
| 2017 | 10.67 billion constant LCU | -3.5% |
| 2018 | 10.73 billion constant LCU | +0.5% |
| 2019 | 9.61 billion constant LCU | -10.4% |
| 2020 | 9.79 billion constant LCU | +1.8% |
| 2021 | 8.25 billion constant LCU | -15.7% |
| 2022 | 8.40 billion constant LCU | +1.8% |
| 2023 | 8.60 billion constant LCU | +2.4% |
| 2024 | 9.22 billion constant LCU | +7.1% |
Oman compared with similar countries
- Oman's 9.22 billion constant LCU is below the median for high income countries, which is 135.02 billion constant LCU, 7% of the median. (58 countries reporting)
- Oman's 9.22 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 240.95 billion constant LCU, 4% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.82 billion constant LCU | 2.60 billion constant LCU | 3.05 billion constant LCU | 2 |
| 2000s | 4.57 billion constant LCU | 2.29 billion constant LCU | 7.95 billion constant LCU | 10 |
| 2010s | 9.40 billion constant LCU | 7.27 billion constant LCU | 11.06 billion constant LCU | 10 |
| 2020s | 8.85 billion constant LCU | 8.25 billion constant LCU | 9.79 billion constant LCU | 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 fixed capital formation in Oman?
- Gross fixed capital formation in Oman was 9.22 billion constant LCU 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 11.06 billion constant LCU in 2016.
- What is the lowest gross fixed capital formation recorded in Oman?
- The lowest recorded value was 2.29 billion constant LCU in 2000.
- How does Oman rank for gross fixed capital formation?
- Oman ranks 134th out of 168 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 LCU). 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 varies by country. This series is expressed in local currency units.