Net secondary income in Oman
Oman: Net secondary income was -9.29 billion BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net secondary income in Oman is -9.29 billion BoP, current US$, measured in 2024.
Compared with earlier readings it is up 2.0% on the previous year and up 9.8% over ten years.
Over the whole period, net secondary income in Oman peaked at 46.61 million BoP, current US$ in 1977 and was at its lowest, -10.99 billion BoP, current US$, in 2015.
That places Oman 185th out of 200 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Oman, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -86.86 million BoP, current US$ | — |
| 1975 | -868,558 BoP, current US$ | -99.0% |
| 1976 | -167.63 million BoP, current US$ | +19200.0% |
| 1977 | 46.61 million BoP, current US$ | -127.8% |
| 1978 | -191.95 million BoP, current US$ | -511.8% |
| 1979 | -69.48 million BoP, current US$ | -63.8% |
| 1980 | -259.99 million BoP, current US$ | +274.2% |
| 1981 | -312.68 million BoP, current US$ | +20.3% |
| 1982 | -509.55 million BoP, current US$ | +63.0% |
| 1983 | -544.30 million BoP, current US$ | +6.8% |
| 1984 | -605.10 million BoP, current US$ | +11.2% |
| 1985 | -929.37 million BoP, current US$ | +53.6% |
| 1986 | -845.59 million BoP, current US$ | -9.0% |
| 1987 | -694.41 million BoP, current US$ | -17.9% |
| 1988 | -720.42 million BoP, current US$ | +3.7% |
| 1989 | -775.03 million BoP, current US$ | +7.6% |
| 1990 | -873.86 million BoP, current US$ | +12.8% |
| 1991 | -873.86 million BoP, current US$ | -0.0% |
| 1992 | -1.20 billion BoP, current US$ | +36.9% |
| 1993 | -1.37 billion BoP, current US$ | +14.1% |
| 1994 | -1.30 billion BoP, current US$ | -4.8% |
| 1995 | -1.47 billion BoP, current US$ | +13.0% |
| 1996 | -1.37 billion BoP, current US$ | -6.7% |
| 1997 | -1.50 billion BoP, current US$ | +9.5% |
| 1998 | -1.47 billion BoP, current US$ | -2.3% |
| 1999 | -1.44 billion BoP, current US$ | -2.0% |
| 2000 | -1.45 billion BoP, current US$ | +0.9% |
| 2001 | -1.53 billion BoP, current US$ | +5.6% |
| 2002 | -1.60 billion BoP, current US$ | +4.6% |
| 2003 | -1.67 billion BoP, current US$ | +4.4% |
| 2004 | -1.83 billion BoP, current US$ | +9.2% |
| 2005 | -2.26 billion BoP, current US$ | +23.6% |
| 2006 | -2.79 billion BoP, current US$ | +23.5% |
| 2007 | -3.67 billion BoP, current US$ | +31.6% |
| 2008 | -5.18 billion BoP, current US$ | +41.2% |
| 2009 | -5.32 billion BoP, current US$ | +2.6% |
| 2010 | -5.70 billion BoP, current US$ | +7.3% |
| 2011 | -7.21 billion BoP, current US$ | +26.5% |
| 2012 | -8.09 billion BoP, current US$ | +12.1% |
| 2013 | -9.10 billion BoP, current US$ | +12.6% |
| 2014 | -10.30 billion BoP, current US$ | +13.1% |
| 2015 | -10.99 billion BoP, current US$ | +6.7% |
| 2016 | -10.31 billion BoP, current US$ | -6.2% |
| 2017 | -9.82 billion BoP, current US$ | -4.8% |
| 2018 | -10.00 billion BoP, current US$ | +1.8% |
| 2019 | -9.18 billion BoP, current US$ | -8.1% |
| 2020 | -8.82 billion BoP, current US$ | -4.0% |
| 2021 | -8.16 billion BoP, current US$ | -7.4% |
| 2022 | -9.12 billion BoP, current US$ | +11.6% |
| 2023 | -9.48 billion BoP, current US$ | +4.0% |
| 2024 | -9.29 billion BoP, current US$ | -2.0% |
Oman compared with similar countries
- Oman's -9.29 billion BoP, current US$ is below the median for high income countries, which is -442.19 million BoP, current US$, 21.0× the median. (72 countries reporting)
- Oman's -9.29 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.34 billion BoP, current US$. (22 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | -19200.0% | -868,558 BoP, current US$ | -167.63 million BoP, current US$ |
| 1978 | -511.8% | 46.61 million BoP, current US$ | -191.95 million BoP, current US$ |
| 1980 | -274.2% | -69.48 million BoP, current US$ | -259.99 million BoP, current US$ |
| 1977 | +127.8% | -167.63 million BoP, current US$ | 46.61 million BoP, current US$ |
| 1975 | +99.0% | -86.86 million BoP, current US$ | -868,558 BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -78.36 million BoP, current US$ | -191.95 million BoP, current US$ | 46.61 million BoP, current US$ | 6 |
| 1980s | -619.64 million BoP, current US$ | -929.37 million BoP, current US$ | -259.99 million BoP, current US$ | 10 |
| 1990s | -1.29 billion BoP, current US$ | -1.50 billion BoP, current US$ | -873.86 million BoP, current US$ | 10 |
| 2000s | -2.73 billion BoP, current US$ | -5.32 billion BoP, current US$ | -1.45 billion BoP, current US$ | 10 |
| 2010s | -9.07 billion BoP, current US$ | -10.99 billion BoP, current US$ | -5.70 billion BoP, current US$ | 10 |
| 2020s | -8.97 billion BoP, current US$ | -9.48 billion BoP, current US$ | -8.16 billion BoP, current US$ | 5 |
Countries ranked near Oman
- 182 Norway -6.54 billion BoP, current US$ compare
- 183 Russia -7.53 billion BoP, current US$ compare
- 184 South Korea -8.42 billion BoP, current US$ compare
- 186 Belgium -9.36 billion BoP, current US$ compare
- 187 Switzerland -9.58 billion BoP, current US$ compare
- 188 Singapore -10.79 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is net secondary income in Oman?
- Net secondary income in Oman was -9.29 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Oman?
- The highest recorded value was 46.61 million BoP, current US$ in 1977.
- What is the lowest net secondary income recorded in Oman?
- The lowest recorded value was -10.99 billion BoP, current US$ in 2015.
- How does Oman rank for net secondary income?
- Oman ranks 185th out of 200 countries with data for 2024.
- Is net secondary income rising or falling in Oman?
- Over the last ten years it is up 9.8%. 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 secondary income (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 secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.