Gross Fixed Capital Formation — Value US$, 2015 prices in Oman
Oman: Gross Fixed Capital Formation — Value US$, 2015 prices was 25,122 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Oman, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Oman stood at 25,122 million USD.
Compared with earlier readings it is up 3.2% on the previous year and down 5.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Oman peaked at 30,817 million USD in 2016 and was at its lowest, 1,137 million USD, in 1973.
That places Oman 73rd out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Oman, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,197 million USD | — |
| 1971 | 1,209 million USD | +1.0% |
| 1972 | 1,322 million USD | +9.4% |
| 1973 | 1,137 million USD | -14.0% |
| 1974 | 1,456 million USD | +28.0% |
| 1975 | 1,872 million USD | +28.6% |
| 1976 | 2,169 million USD | +15.9% |
| 1977 | 2,576 million USD | +18.8% |
| 1978 | 3,009 million USD | +16.8% |
| 1979 | 3,108 million USD | +3.3% |
| 1980 | 3,319 million USD | +6.8% |
| 1981 | 3,880 million USD | +16.9% |
| 1982 | 4,599 million USD | +18.5% |
| 1983 | 4,743 million USD | +3.1% |
| 1984 | 5,293 million USD | +11.6% |
| 1985 | 6,689 million USD | +26.4% |
| 1986 | 5,748 million USD | -14.1% |
| 1987 | 3,610 million USD | -37.2% |
| 1988 | 3,153 million USD | -12.6% |
| 1989 | 3,270 million USD | +3.7% |
| 1990 | 3,408 million USD | +4.2% |
| 1991 | 3,889 million USD | +14.1% |
| 1992 | 4,517 million USD | +16.2% |
| 1993 | 4,994 million USD | +10.6% |
| 1994 | 4,786 million USD | -4.2% |
| 1995 | 4,981 million USD | +4.1% |
| 1996 | 5,070 million USD | +1.8% |
| 1997 | 6,838 million USD | +34.9% |
| 1998 | 8,495 million USD | +24.2% |
| 1999 | 7,248 million USD | -14.7% |
| 2000 | 6,370 million USD | -12.1% |
| 2001 | 6,922 million USD | +8.7% |
| 2002 | 7,635 million USD | +10.3% |
| 2003 | 9,060 million USD | +18.7% |
| 2004 | 10,876 million USD | +20.0% |
| 2005 | 12,667 million USD | +16.5% |
| 2006 | 12,987 million USD | +2.5% |
| 2007 | 16,826 million USD | +29.6% |
| 2008 | 22,151 million USD | +31.6% |
| 2009 | 21,896 million USD | -1.2% |
| 2010 | 20,265 million USD | -7.4% |
| 2011 | 21,933 million USD | +8.2% |
| 2012 | 23,494 million USD | +7.1% |
| 2013 | 25,739 million USD | +9.6% |
| 2014 | 26,436 million USD | +2.7% |
| 2015 | 26,770 million USD | +1.3% |
| 2016 | 30,817 million USD | +15.1% |
| 2017 | 29,753 million USD | -3.5% |
| 2018 | 29,904 million USD | +0.5% |
| 2019 | 26,791 million USD | -10.4% |
| 2020 | 27,285 million USD | +1.8% |
| 2021 | 23,004 million USD | -15.7% |
| 2022 | 23,589 million USD | +2.5% |
| 2023 | 24,354 million USD | +3.2% |
| 2024 | 25,122 million USD | +3.2% |
Oman compared with similar countries
- Oman's 25,122 million USD is above the median for high income countries, which is 13,942 million USD, 1.8× the median. (73 countries reporting)
- Oman's 25,122 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 17,125 million USD, 1.5× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,905 million USD | 1,137 million USD | 3,108 million USD | 10 |
| 1980s | 4,430 million USD | 3,153 million USD | 6,689 million USD | 10 |
| 1990s | 5,423 million USD | 3,408 million USD | 8,495 million USD | 10 |
| 2000s | 12,739 million USD | 6,370 million USD | 22,151 million USD | 10 |
| 2010s | 26,190 million USD | 20,265 million USD | 30,817 million USD | 10 |
| 2020s | 24,671 million USD | 23,004 million USD | 27,285 million USD | 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)
- 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Oman?
- Gross fixed capital formation — value us$, 2015 prices in Oman was 25,122 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Oman?
- The highest recorded value was 30,817 million USD in 2016.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Oman?
- The lowest recorded value was 1,137 million USD in 1973.
- How does Oman rank for gross fixed capital formation — value us$, 2015 prices?
- Oman ranks 73rd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Oman?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).