Gross savings in Oman
Oman: Gross savings was 11.42 billion current LCU in 2024. ◆ Volatile
Latest (2024)
11.42 billion current LCU
Change on year
down 3.4%
World rank
139th
of 178 countries
All-time high
13.21 billion current LCU
in 2022
All-time low
191.20 million current LCU
in 1974
Years of data
51
1974–2024
Gross savings in Oman, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Oman stood at 11.42 billion current LCU.
The figure is down 3.4% on the previous year and down 4.4% over ten years.
Over the whole period, gross savings in Oman peaked at 13.21 billion current LCU in 2022 and was at its lowest, 191.20 million current LCU, in 1974.
Oman ranks 139th of 178 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 savings in Oman, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 191.20 million current LCU | — |
| 1975 | 277.80 million current LCU | +45.3% |
| 1976 | 329.70 million current LCU | +18.7% |
| 1977 | 393.10 million current LCU | +19.2% |
| 1978 | 257.90 million current LCU | -34.4% |
| 1979 | 522.30 million current LCU | +102.5% |
| 1980 | 798.60 million current LCU | +52.9% |
| 1981 | 1.05 billion current LCU | +31.9% |
| 1982 | 866.90 million current LCU | -17.7% |
| 1983 | 901.30 million current LCU | +4.0% |
| 1984 | 1.02 billion current LCU | +12.8% |
| 1985 | 958.70 million current LCU | -5.7% |
| 1986 | 498.50 million current LCU | -48.0% |
| 1987 | 858.70 million current LCU | +72.3% |
| 1988 | 690.80 million current LCU | -19.6% |
| 1989 | 949.00 million current LCU | +37.4% |
| 1990 | 1.81 billion current LCU | +90.8% |
| 1991 | 1.44 billion current LCU | -20.5% |
| 1992 | 1.51 billion current LCU | +5.0% |
| 1993 | 1.32 billion current LCU | -12.4% |
| 1994 | 1.47 billion current LCU | +11.1% |
| 1995 | 1.53 billion current LCU | +4.4% |
| 1996 | 2.01 billion current LCU | +31.1% |
| 1997 | 2.12 billion current LCU | +5.4% |
| 1998 | 1.18 billion current LCU | -44.6% |
| 1999 | 1.72 billion current LCU | +46.2% |
| 2000 | 3.14 billion current LCU | +82.5% |
| 2001 | 2.77 billion current LCU | -11.6% |
| 2002 | 2.96 billion current LCU | +6.6% |
| 2003 | 3.35 billion current LCU | +13.5% |
| 2004 | 4.01 billion current LCU | +19.7% |
| 2005 | 5.87 billion current LCU | +46.2% |
| 2006 | 7.68 billion current LCU | +30.8% |
| 2007 | 8.33 billion current LCU | +8.5% |
| 2008 | 13.21 billion current LCU | +58.5% |
| 2009 | 7.07 billion current LCU | -46.5% |
| 2010 | 9.22 billion current LCU | +30.5% |
| 2011 | 11.68 billion current LCU | +26.7% |
| 2012 | 13.17 billion current LCU | +12.7% |
| 2013 | 13.19 billion current LCU | +0.2% |
| 2014 | 11.94 billion current LCU | -9.5% |
| 2015 | 6.80 billion current LCU | -43.0% |
| 2016 | 5.60 billion current LCU | -17.7% |
| 2017 | 6.39 billion current LCU | +14.2% |
| 2018 | 9.59 billion current LCU | +50.0% |
| 2019 | 7.53 billion current LCU | -21.5% |
| 2020 | 3.31 billion current LCU | -56.0% |
| 2021 | 7.51 billion current LCU | +126.9% |
| 2022 | 13.21 billion current LCU | +75.9% |
| 2023 | 11.82 billion current LCU | -10.5% |
| 2024 | 11.42 billion current LCU | -3.4% |
Oman compared with similar countries
- Oman's 11.42 billion current LCU is below the median for high income countries, which is 181.85 billion current LCU, 6% of the median. (63 countries reporting)
- Oman's 11.42 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 109.67 billion current LCU, 10% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 328.67 million current LCU | 191.20 million current LCU | 522.30 million current LCU | 6 |
| 1980s | 859.26 million current LCU | 498.50 million current LCU | 1.05 billion current LCU | 10 |
| 1990s | 1.61 billion current LCU | 1.18 billion current LCU | 2.12 billion current LCU | 10 |
| 2000s | 5.84 billion current LCU | 2.77 billion current LCU | 13.21 billion current LCU | 10 |
| 2010s | 9.51 billion current LCU | 5.60 billion current LCU | 13.19 billion current LCU | 10 |
| 2020s | 9.45 billion current LCU | 3.31 billion current LCU | 13.21 billion current LCU | 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 savings in Oman?
- Gross savings in Oman was 11.42 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Oman?
- The highest recorded value was 13.21 billion current LCU in 2022.
- What is the lowest gross savings recorded in Oman?
- The lowest recorded value was 191.20 million current LCU in 1974.
- How does Oman rank for gross savings?
- Oman ranks 139th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Oman?
- Over the last ten years it is down 4.4%. 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 savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.