Gross fixed capital formation (current LCU) in Oman
Oman: Gross fixed capital formation (current LCU) was 10.52 billion current LCU in 2024. ◆ Volatile
Gross fixed capital formation in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Oman recorded 10.52 billion current LCU for gross fixed capital formation in 2024.
That represents a change of up 6.1% on the previous year and down 1.1% over ten years.
Over the whole period, gross fixed capital formation in Oman peaked at 11.35 billion current LCU in 2016 and was at its lowest, 9.30 million current LCU, in 1969.
Oman ranks 148th of 181 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current LCU) in Oman, year by year
| Year | current LCU | Change |
|---|---|---|
| 1967 | 12.10 million current LCU | — |
| 1968 | 9.90 million current LCU | -18.2% |
| 1969 | 9.30 million current LCU | -6.1% |
| 1970 | 14.70 million current LCU | +58.1% |
| 1971 | 35.60 million current LCU | +142.2% |
| 1972 | 42.00 million current LCU | +18.0% |
| 1973 | 44.40 million current LCU | +5.7% |
| 1974 | 174.10 million current LCU | +292.1% |
| 1975 | 258.00 million current LCU | +48.2% |
| 1976 | 321.20 million current LCU | +24.5% |
| 1977 | 310.80 million current LCU | -3.2% |
| 1978 | 281.00 million current LCU | -9.6% |
| 1979 | 318.00 million current LCU | +13.2% |
| 1980 | 464.30 million current LCU | +46.0% |
| 1981 | 569.90 million current LCU | +22.7% |
| 1982 | 709.20 million current LCU | +24.4% |
| 1990 | 554.80 million current LCU | -21.8% |
| 1991 | 655.00 million current LCU | +18.1% |
| 1992 | 783.00 million current LCU | +19.5% |
| 1993 | 842.30 million current LCU | +7.6% |
| 1994 | 782.00 million current LCU | -7.2% |
| 1995 | 795.00 million current LCU | +1.7% |
| 1996 | 804.50 million current LCU | +1.2% |
| 1997 | 1.07 billion current LCU | +33.6% |
| 1998 | 2.04 billion current LCU | +89.9% |
| 1999 | 1.65 billion current LCU | -19.1% |
| 2000 | 1.46 billion current LCU | -11.6% |
| 2001 | 1.58 billion current LCU | +8.0% |
| 2002 | 1.79 billion current LCU | +13.4% |
| 2003 | 2.23 billion current LCU | +24.9% |
| 2004 | 2.89 billion current LCU | +29.6% |
| 2005 | 3.44 billion current LCU | +18.9% |
| 2006 | 4.40 billion current LCU | +27.8% |
| 2007 | 5.96 billion current LCU | +35.5% |
| 2008 | 9.10 billion current LCU | +52.7% |
| 2009 | 7.95 billion current LCU | -12.6% |
| 2010 | 7.38 billion current LCU | -7.1% |
| 2011 | 8.51 billion current LCU | +15.2% |
| 2012 | 9.29 billion current LCU | +9.2% |
| 2013 | 10.35 billion current LCU | +11.4% |
| 2014 | 10.63 billion current LCU | +2.7% |
| 2015 | 10.29 billion current LCU | -3.2% |
| 2016 | 11.35 billion current LCU | +10.3% |
| 2017 | 10.36 billion current LCU | -8.7% |
| 2018 | 10.73 billion current LCU | +3.6% |
| 2019 | 9.80 billion current LCU | -8.6% |
| 2020 | 9.22 billion current LCU | -6.0% |
| 2021 | 9.02 billion current LCU | -2.1% |
| 2022 | 9.69 billion current LCU | +7.5% |
| 2023 | 9.91 billion current LCU | +2.3% |
| 2024 | 10.52 billion current LCU | +6.1% |
Oman compared with similar countries
- Oman's 10.52 billion current LCU is below the median for high income countries, which is 147.41 billion current LCU, 7% of the median. (64 countries reporting)
- Oman's 10.52 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 363.16 billion current LCU, 3% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU) 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 | +292.1% | 44.40 million current LCU | 174.10 million current LCU |
| 1971 | +142.2% | 14.70 million current LCU | 35.60 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.43 million current LCU | 9.30 million current LCU | 12.10 million current LCU | 3 |
| 1970s | 179.98 million current LCU | 14.70 million current LCU | 321.20 million current LCU | 10 |
| 1980s | 581.13 million current LCU | 464.30 million current LCU | 709.20 million current LCU | 3 |
| 1990s | 998.32 million current LCU | 554.80 million current LCU | 2.04 billion current LCU | 10 |
| 2000s | 4.08 billion current LCU | 1.46 billion current LCU | 9.10 billion current LCU | 10 |
| 2010s | 9.87 billion current LCU | 7.38 billion current LCU | 11.35 billion current LCU | 10 |
| 2020s | 9.67 billion current LCU | 9.02 billion current LCU | 10.52 billion current LCU | 5 |
Countries ranked near Oman
- 145 Lesotho 14.22 billion current LCU compare
- 146 Luxembourg 13.41 billion current LCU compare
- 147 Bosnia and Herzegovina 13.10 billion current LCU compare
- 149 Latvia 10.10 billion current LCU compare
- 150 Estonia 10.08 billion current LCU compare
- 151 El Salvador 9.98 billion current LCU 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Oman?
- Gross fixed capital formation in Oman was 10.52 billion current 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 11.35 billion current LCU in 2016.
- What is the lowest gross fixed capital formation recorded in Oman?
- The lowest recorded value was 9.30 million current LCU in 1969.
- How does Oman rank for gross fixed capital formation?
- Oman ranks 148th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Oman?
- Over the last ten years it is down 1.1%. 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 fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.