Net trade in goods and services (BoP, current US$), annual growth rate in Oman
Oman: Net trade in goods and services (BoP, current US$), annual growth rate was 4.35 % change on previous year in 2024. ◆ Volatile
Net trade in goods and services (BoP, current US$), annual growth rate in Oman, 1975–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net trade in goods and services (bop, current us$), annual growth rate in Oman stood at 4.35 % change on previous year.
The figure is up 120.8% on the previous year and down 39.0% over ten years.
Over the whole period, net trade in goods and services (bop, current us$), annual growth rate in Oman peaked at 467.51 % change on previous year in 2018 and was at its lowest, -169.32 % change on previous year, in 1998.
Oman ranks 80th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services (BoP, current US$), annual growth rate in Oman, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1975 | -36.54 % change on previous year | — |
| 1976 | 18.51 % change on previous year | -150.7% |
| 1977 | -6.98 % change on previous year | -137.7% |
| 1978 | -34.4 % change on previous year | +392.8% |
| 1979 | 200.11 % change on previous year | -681.8% |
| 1980 | 90.19 % change on previous year | -54.9% |
| 1981 | 22.52 % change on previous year | -75.0% |
| 1982 | -35.61 % change on previous year | -258.1% |
| 1983 | 6.16 % change on previous year | -117.3% |
| 1984 | -8.08 % change on previous year | -231.1% |
| 1985 | 10.83 % change on previous year | -234.0% |
| 1986 | -109.88 % change on previous year | -1115.0% |
| 1988 | -53.73 % change on previous year | -51.1% |
| 1989 | 83.37 % change on previous year | -255.2% |
| 1990 | 67.94 % change on previous year | -18.5% |
| 1991 | -61.52 % change on previous year | -190.5% |
| 1992 | 17.36 % change on previous year | -128.2% |
| 1993 | -56.19 % change on previous year | -423.6% |
| 1994 | 117.59 % change on previous year | -309.3% |
| 1995 | 8.41 % change on previous year | -92.9% |
| 1996 | 96.67 % change on previous year | +1049.8% |
| 1997 | -15.89 % change on previous year | -116.4% |
| 1998 | -169.32 % change on previous year | +965.7% |
| 1999 | 236.94 % change on previous year | -239.9% |
| 2000 | 230.83 % change on previous year | -2.6% |
| 2001 | -17.45 % change on previous year | -107.6% |
| 2002 | -4.69 % change on previous year | -73.1% |
| 2003 | -14 % change on previous year | +198.4% |
| 2004 | -15.65 % change on previous year | +11.8% |
| 2005 | 173.48 % change on previous year | -1208.2% |
| 2006 | 7.82 % change on previous year | -95.5% |
| 2007 | -23.93 % change on previous year | -406.0% |
| 2008 | 86.81 % change on previous year | -462.8% |
| 2009 | -40.29 % change on previous year | -146.4% |
| 2010 | 83.13 % change on previous year | -306.3% |
| 2011 | 42.44 % change on previous year | -48.9% |
| 2012 | 1.13 % change on previous year | -97.3% |
| 2013 | -13.88 % change on previous year | -1324.7% |
| 2014 | 7.13 % change on previous year | -151.3% |
| 2015 | -87.59 % change on previous year | -1328.9% |
| 2016 | -105.33 % change on previous year | +20.2% |
| 2018 | 467.51 % change on previous year | -543.9% |
| 2019 | 2.4 % change on previous year | -99.5% |
| 2020 | -83.02 % change on previous year | -3563.2% |
| 2021 | 401.89 % change on previous year | -584.1% |
| 2022 | 140.05 % change on previous year | -65.2% |
| 2023 | -20.95 % change on previous year | -115.0% |
| 2024 | 4.35 % change on previous year | -120.8% |
Oman compared with similar countries
- Oman's 4.35 % change on previous year is above the median for high income countries, which is 1.31 % change on previous year, 3.3× the median. (71 countries reporting)
- Oman's 4.35 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -11.82 % change on previous year. (22 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services (BoP, current US$), annual growth rate in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -3563.2% | 2.4 % change on previous year | -83.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.14 % change on previous year | -36.54 % change on previous year | 200.11 % change on previous year | 5 |
| 1980s | 0.6402 % change on previous year | -109.88 % change on previous year | 90.19 % change on previous year | 9 |
| 1990s | 24.2 % change on previous year | -169.32 % change on previous year | 236.94 % change on previous year | 10 |
| 2000s | 38.29 % change on previous year | -40.29 % change on previous year | 230.83 % change on previous year | 10 |
| 2010s | 44.1 % change on previous year | -105.33 % change on previous year | 467.51 % change on previous year | 9 |
| 2020s | 88.46 % change on previous year | -83.02 % change on previous year | 401.89 % change on previous year | 5 |
Countries ranked near Oman
- 77 Malawi 5.09 % change on previous year compare
- 78 Tonga 4.55 % change on previous year compare
- 79 Lebanon 4.54 % change on previous year compare
- 81 Bahrain 3.62 % change on previous year compare
- 82 Singapore 3.61 % change on previous year compare
- 83 Philippines 2.85 % change on previous year compare
More economy & growth data for Oman
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.18 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 4.77 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services (bop, current us$), annual growth rate in Oman?
- Net trade in goods and services (bop, current us$), annual growth rate in Oman was 4.35 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net trade in goods and services (bop, current us$), annual growth rate recorded in Oman?
- The highest recorded value was 467.51 % change on previous year in 2018.
- What is the lowest net trade in goods and services (bop, current us$), annual growth rate recorded in Oman?
- The lowest recorded value was -169.32 % change on previous year in 1998.
- How does Oman rank for net trade in goods and services (bop, current us$), annual growth rate?
- Oman ranks 80th out of 199 countries with data for 2024.
- Is net trade in goods and services (bop, current us$), annual growth rate rising or falling in Oman?
- Over the last ten years it is down 39.0%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.