Gross fixed capital formation (current US$) in Oman
Oman: Gross fixed capital formation (current US$) was 27.36 billion current US$ in 2024. ◆ Volatile
Gross fixed capital formation in Oman, 1967–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in Oman stood at 27.36 billion current US$.
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 29.52 billion current US$ in 2016 and was at its lowest, 22.32 million current US$, in 1969.
Oman ranks 61st of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Oman, year by year
| Year | current US$ | Change |
|---|---|---|
| 1967 | 33.42 million current US$ | — |
| 1968 | 23.76 million current US$ | -28.9% |
| 1969 | 22.32 million current US$ | -6.1% |
| 1970 | 35.28 million current US$ | +58.1% |
| 1971 | 85.66 million current US$ | +142.8% |
| 1972 | 109.44 million current US$ | +27.8% |
| 1973 | 126.61 million current US$ | +15.7% |
| 1974 | 504.05 million current US$ | +298.1% |
| 1975 | 746.96 million current US$ | +48.2% |
| 1976 | 929.94 million current US$ | +24.5% |
| 1977 | 899.83 million current US$ | -3.2% |
| 1978 | 813.55 million current US$ | -9.6% |
| 1979 | 920.67 million current US$ | +13.2% |
| 1980 | 1.34 billion current US$ | +46.0% |
| 1981 | 1.65 billion current US$ | +22.7% |
| 1982 | 2.05 billion current US$ | +24.4% |
| 1990 | 1.44 billion current US$ | -29.7% |
| 1991 | 1.70 billion current US$ | +18.1% |
| 1992 | 2.04 billion current US$ | +19.5% |
| 1993 | 2.19 billion current US$ | +7.6% |
| 1994 | 2.03 billion current US$ | -7.2% |
| 1995 | 2.07 billion current US$ | +1.7% |
| 1996 | 2.09 billion current US$ | +1.2% |
| 1997 | 2.79 billion current US$ | +33.6% |
| 1998 | 5.31 billion current US$ | +89.9% |
| 1999 | 4.29 billion current US$ | -19.1% |
| 2000 | 3.80 billion current US$ | -11.6% |
| 2001 | 4.10 billion current US$ | +8.0% |
| 2002 | 4.65 billion current US$ | +13.4% |
| 2003 | 5.81 billion current US$ | +24.9% |
| 2004 | 7.52 billion current US$ | +29.6% |
| 2005 | 8.95 billion current US$ | +18.9% |
| 2006 | 11.43 billion current US$ | +27.8% |
| 2007 | 15.49 billion current US$ | +35.5% |
| 2008 | 23.66 billion current US$ | +52.7% |
| 2009 | 20.68 billion current US$ | -12.6% |
| 2010 | 19.21 billion current US$ | -7.1% |
| 2011 | 22.13 billion current US$ | +15.2% |
| 2012 | 24.17 billion current US$ | +9.2% |
| 2013 | 26.93 billion current US$ | +11.4% |
| 2014 | 27.65 billion current US$ | +2.7% |
| 2015 | 26.77 billion current US$ | -3.2% |
| 2016 | 29.52 billion current US$ | +10.3% |
| 2017 | 26.94 billion current US$ | -8.7% |
| 2018 | 27.90 billion current US$ | +3.6% |
| 2019 | 25.50 billion current US$ | -8.6% |
| 2020 | 23.97 billion current US$ | -6.0% |
| 2021 | 23.45 billion current US$ | -2.1% |
| 2022 | 25.20 billion current US$ | +7.5% |
| 2023 | 25.78 billion current US$ | +2.3% |
| 2024 | 27.36 billion current US$ | +6.1% |
Oman compared with similar countries
- Oman's 27.36 billion current US$ is below the median for high income countries, which is 50.73 billion current US$, 54% of the median. (64 countries reporting)
- Oman's 27.36 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20.29 billion current US$, 1.3× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current US$) 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 | +298.1% | 126.61 million current US$ | 504.05 million current US$ |
| 1971 | +142.8% | 35.28 million current US$ | 85.66 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 26.50 million current US$ | 22.32 million current US$ | 33.42 million current US$ | 3 |
| 1970s | 517.20 million current US$ | 35.28 million current US$ | 929.94 million current US$ | 10 |
| 1980s | 1.68 billion current US$ | 1.34 billion current US$ | 2.05 billion current US$ | 3 |
| 1990s | 2.60 billion current US$ | 1.44 billion current US$ | 5.31 billion current US$ | 10 |
| 2000s | 10.61 billion current US$ | 3.80 billion current US$ | 23.66 billion current US$ | 10 |
| 2010s | 25.67 billion current US$ | 19.21 billion current US$ | 29.52 billion current US$ | 10 |
| 2020s | 25.15 billion current US$ | 23.45 billion current US$ | 27.36 billion current US$ | 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 27.36 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Oman?
- The highest recorded value was 29.52 billion current US$ in 2016.
- What is the lowest gross fixed capital formation recorded in Oman?
- The lowest recorded value was 22.32 million current US$ in 1969.
- How does Oman rank for gross fixed capital formation?
- Oman ranks 61st 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.