Net errors and omissions in Oman
Oman: Net errors and omissions was -1.01 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.01 billion BoP, current US$
Change on year
up 7.6%
World rank
161st
of 199 countries
All-time high
1.04 billion BoP, current US$
in 2010
All-time low
-1.14 billion BoP, current US$
in 2016
Years of data
51
1974–2024
Net errors and omissions in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Oman stood at -1.01 billion BoP, current US$.
Compared with earlier readings it is up 7.6% on the previous year and up 1.8% over ten years.
Over the whole period, net errors and omissions in Oman peaked at 1.04 billion BoP, current US$ in 2010 and was at its lowest, -1.14 billion BoP, current US$, in 2016.
That places Oman 161st out of 199 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Oman, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -118.41 million BoP, current US$ | — |
| 1975 | -146.50 million BoP, current US$ | +23.7% |
| 1976 | -369.43 million BoP, current US$ | +152.2% |
| 1977 | -239.72 million BoP, current US$ | -35.1% |
| 1978 | -150.55 million BoP, current US$ | -37.2% |
| 1979 | -257.09 million BoP, current US$ | +70.8% |
| 1980 | -60.80 million BoP, current US$ | -76.4% |
| 1981 | -27.21 million BoP, current US$ | -55.2% |
| 1982 | 63.12 million BoP, current US$ | -331.9% |
| 1983 | -466.42 million BoP, current US$ | -839.0% |
| 1984 | -426.46 million BoP, current US$ | -8.6% |
| 1985 | -321.37 million BoP, current US$ | -24.6% |
| 1986 | -588.77 million BoP, current US$ | +83.2% |
| 1987 | -478.02 million BoP, current US$ | -18.8% |
| 1988 | -381.80 million BoP, current US$ | -20.1% |
| 1989 | 33.29 million BoP, current US$ | -108.7% |
| 1990 | -473.34 million BoP, current US$ | -1521.9% |
| 1991 | 283.49 million BoP, current US$ | -159.9% |
| 1992 | 398.96 million BoP, current US$ | +40.7% |
| 1993 | 210.66 million BoP, current US$ | -47.2% |
| 1994 | -81.92 million BoP, current US$ | -138.9% |
| 1995 | 388.82 million BoP, current US$ | -574.6% |
| 1996 | -326.90 million BoP, current US$ | -184.1% |
| 1997 | 616.71 million BoP, current US$ | -288.7% |
| 1998 | 913.01 million BoP, current US$ | +48.0% |
| 1999 | 537.19 million BoP, current US$ | -41.2% |
| 2000 | -507.20 million BoP, current US$ | -194.4% |
| 2001 | -558.13 million BoP, current US$ | +10.0% |
| 2002 | -834.07 million BoP, current US$ | +49.4% |
| 2003 | -553.55 million BoP, current US$ | -33.6% |
| 2004 | -391.52 million BoP, current US$ | -29.3% |
| 2005 | -859.45 million BoP, current US$ | +119.5% |
| 2006 | -5.52 million BoP, current US$ | -99.4% |
| 2007 | 211.70 million BoP, current US$ | -3937.8% |
| 2008 | 593.89 million BoP, current US$ | +180.5% |
| 2009 | -984.43 million BoP, current US$ | -265.8% |
| 2010 | 1.04 billion BoP, current US$ | -205.9% |
| 2011 | -999.08 million BoP, current US$ | -195.8% |
| 2012 | -939.66 million BoP, current US$ | -5.9% |
| 2013 | 660.46 million BoP, current US$ | -170.3% |
| 2014 | -1.02 billion BoP, current US$ | -255.1% |
| 2015 | -594.90 million BoP, current US$ | -41.9% |
| 2016 | -1.14 billion BoP, current US$ | +91.1% |
| 2017 | -527.50 million BoP, current US$ | -53.6% |
| 2018 | 92.20 million BoP, current US$ | -117.5% |
| 2019 | -90.34 million BoP, current US$ | -198.0% |
| 2020 | 887.68 million BoP, current US$ | -1082.6% |
| 2021 | -538.75 million BoP, current US$ | -160.7% |
| 2022 | -668.58 million BoP, current US$ | +24.1% |
| 2023 | -1.09 billion BoP, current US$ | +62.8% |
| 2024 | -1.01 billion BoP, current US$ | -7.6% |
Oman compared with similar countries
- Oman's -1.01 billion BoP, current US$ is below the median for high income countries, which is -132.48 million BoP, current US$, 7.6× the median. (71 countries reporting)
- Oman's -1.01 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 490.89 million BoP, current US$. (22 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +3937.8% | -5.52 million BoP, current US$ | 211.70 million BoP, current US$ |
| 1990 | -1521.9% | 33.29 million BoP, current US$ | -473.34 million BoP, current US$ |
| 2020 | +1082.6% | -90.34 million BoP, current US$ | 887.68 million BoP, current US$ |
| 1983 | -839.0% | 63.12 million BoP, current US$ | -466.42 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -213.62 million BoP, current US$ | -369.43 million BoP, current US$ | -118.41 million BoP, current US$ | 6 |
| 1980s | -265.44 million BoP, current US$ | -588.77 million BoP, current US$ | 63.12 million BoP, current US$ | 10 |
| 1990s | 246.67 million BoP, current US$ | -473.34 million BoP, current US$ | 913.01 million BoP, current US$ | 10 |
| 2000s | -388.83 million BoP, current US$ | -984.43 million BoP, current US$ | 593.89 million BoP, current US$ | 10 |
| 2010s | -351.76 million BoP, current US$ | -1.14 billion BoP, current US$ | 1.04 billion BoP, current US$ | 10 |
| 2020s | -482.85 million BoP, current US$ | -1.09 billion BoP, current US$ | 887.68 million BoP, current US$ | 5 |
Countries ranked near Oman
- 158 Guyana -791.79 million BoP, current US$ compare
- 159 Liberia -860.70 million BoP, current US$ compare
- 160 Djibouti -872.54 million BoP, current US$ compare
- 162 South Africa -1.10 billion BoP, current US$ compare
- 163 Singapore -1.11 billion BoP, current US$ compare
- 164 Slovenia -1.11 billion BoP, current US$ compare
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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Oman?
- Net errors and omissions in Oman was -1.01 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Oman?
- The highest recorded value was 1.04 billion BoP, current US$ in 2010.
- What is the lowest net errors and omissions recorded in Oman?
- The lowest recorded value was -1.14 billion BoP, current US$ in 2016.
- How does Oman rank for net errors and omissions?
- Oman ranks 161st out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Oman?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, 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
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. 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.