Gross savings in Oman
Oman: Gross savings was 29.69 billion current US$ in 2024. ◆ Volatile
Latest (2024)
29.69 billion current US$
Change on year
down 3.4%
World rank
57th
of 178 countries
All-time high
34.36 billion current US$
in 2022
All-time low
553.56 million current US$
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 US$.
Analysis
Oman recorded 29.69 billion current US$ for gross savings in 2024.
That represents a change of down 3.4% on the previous year and down 4.4% over ten years.
Over the whole period, gross savings in Oman peaked at 34.36 billion current US$ in 2022 and was at its lowest, 553.56 million current US$, in 1974.
Oman ranks 57th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Oman, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 553.56 million current US$ | — |
| 1975 | 804.28 million current US$ | +45.3% |
| 1976 | 954.54 million current US$ | +18.7% |
| 1977 | 1.14 billion current US$ | +19.2% |
| 1978 | 746.67 million current US$ | -34.4% |
| 1979 | 1.51 billion current US$ | +102.5% |
| 1980 | 2.31 billion current US$ | +52.9% |
| 1981 | 3.05 billion current US$ | +31.9% |
| 1982 | 2.51 billion current US$ | -17.7% |
| 1983 | 2.61 billion current US$ | +4.0% |
| 1984 | 2.94 billion current US$ | +12.8% |
| 1985 | 2.78 billion current US$ | -5.7% |
| 1986 | 1.31 billion current US$ | -53.0% |
| 1987 | 2.23 billion current US$ | +71.1% |
| 1988 | 1.80 billion current US$ | -19.6% |
| 1989 | 2.47 billion current US$ | +37.4% |
| 1990 | 4.71 billion current US$ | +90.8% |
| 1991 | 3.75 billion current US$ | -20.5% |
| 1992 | 3.93 billion current US$ | +5.0% |
| 1993 | 3.44 billion current US$ | -12.4% |
| 1994 | 3.82 billion current US$ | +11.1% |
| 1995 | 3.99 billion current US$ | +4.4% |
| 1996 | 5.23 billion current US$ | +31.1% |
| 1997 | 5.52 billion current US$ | +5.4% |
| 1998 | 3.06 billion current US$ | -44.6% |
| 1999 | 4.47 billion current US$ | +46.2% |
| 2000 | 8.16 billion current US$ | +82.5% |
| 2001 | 7.21 billion current US$ | -11.6% |
| 2002 | 7.69 billion current US$ | +6.6% |
| 2003 | 8.72 billion current US$ | +13.5% |
| 2004 | 10.44 billion current US$ | +19.7% |
| 2005 | 15.27 billion current US$ | +46.2% |
| 2006 | 19.97 billion current US$ | +30.8% |
| 2007 | 21.67 billion current US$ | +8.5% |
| 2008 | 34.35 billion current US$ | +58.5% |
| 2009 | 18.39 billion current US$ | -46.5% |
| 2010 | 23.98 billion current US$ | +30.5% |
| 2011 | 30.38 billion current US$ | +26.7% |
| 2012 | 34.24 billion current US$ | +12.7% |
| 2013 | 34.31 billion current US$ | +0.2% |
| 2014 | 31.04 billion current US$ | -9.5% |
| 2015 | 17.69 billion current US$ | -43.0% |
| 2016 | 14.56 billion current US$ | -17.7% |
| 2017 | 16.63 billion current US$ | +14.2% |
| 2018 | 24.94 billion current US$ | +50.0% |
| 2019 | 19.59 billion current US$ | -21.5% |
| 2020 | 8.61 billion current US$ | -56.0% |
| 2021 | 19.54 billion current US$ | +126.9% |
| 2022 | 34.36 billion current US$ | +75.9% |
| 2023 | 30.74 billion current US$ | -10.5% |
| 2024 | 29.69 billion current US$ | -3.4% |
Oman compared with similar countries
- Oman's 29.69 billion current US$ is below the median for high income countries, which is 58.75 billion current US$, 51% of the median. (63 countries reporting)
- Oman's 29.69 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 29.69 billion current US$, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 951.55 million current US$ | 553.56 million current US$ | 1.51 billion current US$ | 6 |
| 1980s | 2.40 billion current US$ | 1.31 billion current US$ | 3.05 billion current US$ | 10 |
| 1990s | 4.19 billion current US$ | 3.06 billion current US$ | 5.52 billion current US$ | 10 |
| 2000s | 15.19 billion current US$ | 7.21 billion current US$ | 34.35 billion current US$ | 10 |
| 2010s | 24.74 billion current US$ | 14.56 billion current US$ | 34.31 billion current US$ | 10 |
| 2020s | 24.59 billion current US$ | 8.61 billion current US$ | 34.36 billion current US$ | 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Oman?
- Gross savings in Oman was 29.69 billion current US$ 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 34.36 billion current US$ in 2022.
- What is the lowest gross savings recorded in Oman?
- The lowest recorded value was 553.56 million current US$ in 1974.
- How does Oman rank for gross savings?
- Oman ranks 57th 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 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.