Gross savings in Oman
Oman: Gross savings was 27.7% in 2024. ▼ Falling
Gross savings in Oman, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Oman stood at 27.7%.
The figure is down 4.3% on the previous year and down 17.2% over ten years.
Over the whole period, gross savings in Oman peaked at 49.2% in 2008 and was at its lowest, 11.3%, in 2020.
Oman ranks 53rd of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Gross savings in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 33.6% | — |
| 1975 | 38.4% | +14.1% |
| 1976 | 37.3% | -2.8% |
| 1977 | 41.5% | +11.4% |
| 1978 | 27.2% | -34.4% |
| 1979 | 40.5% | +48.7% |
| 1980 | 38.7% | -4.6% |
| 1981 | 42.0% | +8.7% |
| 1982 | 33.2% | -20.9% |
| 1983 | 32.9% | -1.0% |
| 1984 | 33.4% | +1.5% |
| 1985 | 27.7% | -16.9% |
| 1986 | 17.8% | -35.8% |
| 1987 | 28.6% | +60.5% |
| 1988 | 21.4% | -25.1% |
| 1989 | 26.3% | +22.9% |
| 1990 | 35.4% | +34.4% |
| 1991 | 29.0% | -18.1% |
| 1992 | 27.7% | -4.4% |
| 1993 | 24.2% | -12.7% |
| 1994 | 26.0% | +7.4% |
| 1995 | 25.4% | -2.3% |
| 1996 | 30.1% | +18.4% |
| 1997 | 30.6% | +1.7% |
| 1998 | 19.1% | -37.7% |
| 1999 | 25.1% | +31.6% |
| 2000 | 36.7% | +46.2% |
| 2001 | 32.5% | -11.4% |
| 2002 | 33.3% | +2.7% |
| 2003 | 35.3% | +5.8% |
| 2004 | 36.8% | +4.3% |
| 2005 | 43.0% | +16.9% |
| 2006 | 46.9% | +9.1% |
| 2007 | 44.9% | -4.4% |
| 2008 | 49.2% | +9.7% |
| 2009 | 33.2% | -32.6% |
| 2010 | 36.9% | +11.3% |
| 2011 | 39.2% | +6.2% |
| 2012 | 39.2% | -0.1% |
| 2013 | 38.2% | -2.6% |
| 2014 | 33.5% | -12.2% |
| 2015 | 22.5% | -32.9% |
| 2016 | 19.4% | -13.8% |
| 2017 | 20.6% | +6.1% |
| 2018 | 27.3% | +32.5% |
| 2019 | 22.2% | -18.4% |
| 2020 | 11.3% | -49.0% |
| 2021 | 22.4% | +97.2% |
| 2022 | 31.3% | +39.8% |
| 2023 | 29.0% | -7.4% |
| 2024 | 27.7% | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.4% | 27.2% | 41.5% | 6 |
| 1980s | 30.2% | 17.8% | 42.0% | 10 |
| 1990s | 27.2% | 19.1% | 35.4% | 10 |
| 2000s | 39.2% | 32.5% | 49.2% | 10 |
| 2010s | 29.9% | 19.4% | 39.2% | 10 |
| 2020s | 24.3% | 11.3% | 31.3% | 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)
- Services, value added (current US$), annual growth rate 4.96 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4721 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 9,417 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.96 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.1815 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 3,621 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.06 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4405 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Oman?
- Gross savings in Oman was 27.7% 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 49.2% in 2008.
- What is the lowest gross savings recorded in Oman?
- The lowest recorded value was 11.3% in 2020.
- How does Oman rank for gross savings?
- Oman ranks 53rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Oman?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this Oman data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.