Gross savings in Oman
Oman: Gross savings was 11.42 billion current LCU in 2024. ◆ Volatile
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 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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
- External balance on goods and services as a percent of GDP 17.3% (2024)
- Inflation of consumer prices 1.0% (2025)
- GDP per capita 17,074 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 9.4% (2025)
- Gross domestic product (GDP) 93.82 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,074 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3845 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -3.57 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -9.29 billion current US$ (2024)
- Taxes less subsidies on products -228.64 million current LCU (2025)
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 177 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.
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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.