Gross Fixed Capital Formation — Value Standard Local Currency in Oman
Oman: Gross Fixed Capital Formation — Value Standard Local Currency was 10,306 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Oman, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Oman stood at 10,306 million SLC.
The figure is up 3.9% on the previous year and down 3.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Oman peaked at 11,352 million SLC in 2016 and was at its lowest, 15.39 million SLC, in 1970.
That places Oman 171st out of 230 countries with data for 2024, putting it 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 — Value Standard Local Currency in Oman, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 15.39 million SLC | — |
| 1971 | 37.28 million SLC | +142.2% |
| 1972 | 43.98 million SLC | +18.0% |
| 1973 | 46.49 million SLC | +5.7% |
| 1974 | 182.31 million SLC | +292.1% |
| 1975 | 270.17 million SLC | +48.2% |
| 1976 | 386.17 million SLC | +42.9% |
| 1977 | 352.56 million SLC | -8.7% |
| 1978 | 333.07 million SLC | -5.5% |
| 1979 | 408.46 million SLC | +22.6% |
| 1980 | 567.14 million SLC | +38.8% |
| 1981 | 732.91 million SLC | +29.2% |
| 1982 | 878.23 million SLC | +19.8% |
| 1983 | 908.71 million SLC | +3.5% |
| 1984 | 1,029 million SLC | +13.3% |
| 1985 | 1,154 million SLC | +12.1% |
| 1986 | 1,050 million SLC | -9.0% |
| 1987 | 662.69 million SLC | -36.9% |
| 1988 | 625.53 million SLC | -5.6% |
| 1989 | 648.67 million SLC | +3.7% |
| 1990 | 706.42 million SLC | +8.9% |
| 1991 | 840.94 million SLC | +19.0% |
| 1992 | 1,009 million SLC | +20.0% |
| 1993 | 1,092 million SLC | +8.2% |
| 1994 | 1,103 million SLC | +1.0% |
| 1995 | 1,165 million SLC | +5.6% |
| 1996 | 1,230 million SLC | +5.6% |
| 1997 | 1,680 million SLC | +36.6% |
| 1998 | 2,041 million SLC | +21.5% |
| 1999 | 1,651 million SLC | -19.1% |
| 2000 | 1,459 million SLC | -11.6% |
| 2001 | 1,576 million SLC | +8.0% |
| 2002 | 1,787 million SLC | +13.4% |
| 2003 | 2,232 million SLC | +24.9% |
| 2004 | 2,893 million SLC | +29.6% |
| 2005 | 3,440 million SLC | +18.9% |
| 2006 | 4,396 million SLC | +27.8% |
| 2007 | 5,957 million SLC | +35.5% |
| 2008 | 9,098 million SLC | +52.7% |
| 2009 | 7,952 million SLC | -12.6% |
| 2010 | 7,385 million SLC | -7.1% |
| 2011 | 8,508 million SLC | +15.2% |
| 2012 | 9,294 million SLC | +9.2% |
| 2013 | 10,355 million SLC | +11.4% |
| 2014 | 10,631 million SLC | +2.7% |
| 2015 | 10,293 million SLC | -3.2% |
| 2016 | 11,352 million SLC | +10.3% |
| 2017 | 10,360 million SLC | -8.7% |
| 2018 | 10,728 million SLC | +3.6% |
| 2019 | 9,803 million SLC | -8.6% |
| 2020 | 9,216 million SLC | -6.0% |
| 2021 | 9,018 million SLC | -2.1% |
| 2022 | 9,698 million SLC | +7.5% |
| 2023 | 9,914 million SLC | +2.2% |
| 2024 | 10,306 million SLC | +3.9% |
Oman compared with similar countries
- Oman's 10,306 million SLC is below the median for high income countries, which is 36,467 million SLC, 28% of the median. (73 countries reporting)
- Oman's 10,306 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 347,392 million SLC, 3% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency 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% | 46.49 million SLC | 182.31 million SLC |
| 1971 | +142.2% | 15.39 million SLC | 37.28 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 207.59 million SLC | 15.39 million SLC | 408.46 million SLC | 10 |
| 1980s | 825.71 million SLC | 567.14 million SLC | 1,154 million SLC | 10 |
| 1990s | 1,252 million SLC | 706.42 million SLC | 2,041 million SLC | 10 |
| 2000s | 4,079 million SLC | 1,459 million SLC | 9,098 million SLC | 10 |
| 2010s | 9,871 million SLC | 7,385 million SLC | 11,352 million SLC | 10 |
| 2020s | 9,630 million SLC | 9,018 million SLC | 10,306 million SLC | 5 |
Countries ranked near Oman
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 — value standard local currency in Oman?
- Gross fixed capital formation — value standard local currency in Oman was 10,306 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Oman?
- The highest recorded value was 11,352 million SLC in 2016.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Oman?
- The lowest recorded value was 15.39 million SLC in 1970.
- How does Oman rank for gross fixed capital formation — value standard local currency?
- Oman ranks 171st out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Oman?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).