Terms of trade adjustment in Oman
Oman: Terms of trade adjustment was -702.51 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Oman, 1998–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for terms of trade adjustment in Oman is -702.51 million constant LCU, measured in 2024.
Compared with earlier readings it is down 46.5% on the previous year and down 120.6% over ten years.
Over the whole period, terms of trade adjustment in Oman peaked at 5.00 billion constant LCU in 2012 and was at its lowest, -7.74 billion constant LCU, in 1998.
Oman ranks 116th 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.
Terms of trade adjustment in Oman, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1998 | -7.74 billion constant LCU | — |
| 1999 | -7.16 billion constant LCU | -7.4% |
| 2000 | -6.99 billion constant LCU | -2.4% |
| 2001 | -7.72 billion constant LCU | +10.3% |
| 2002 | -7.18 billion constant LCU | -7.0% |
| 2003 | -5.88 billion constant LCU | -18.0% |
| 2004 | -4.64 billion constant LCU | -21.2% |
| 2005 | -3.06 billion constant LCU | -34.1% |
| 2006 | -1.97 billion constant LCU | -35.4% |
| 2007 | -746.09 million constant LCU | -62.2% |
| 2008 | 1.72 billion constant LCU | -329.9% |
| 2009 | -2.41 billion constant LCU | -240.6% |
| 2010 | 254.37 million constant LCU | -110.5% |
| 2011 | 3.48 billion constant LCU | +1267.2% |
| 2012 | 5.00 billion constant LCU | +43.9% |
| 2013 | 4.02 billion constant LCU | -19.7% |
| 2014 | 3.40 billion constant LCU | -15.3% |
| 2015 | -2.72 billion constant LCU | -179.8% |
| 2016 | -5.03 billion constant LCU | +85.1% |
| 2017 | -2.28 billion constant LCU | -54.6% |
| 2018 | 923,814 constant LCU | -100.0% |
| 2019 | -570.51 million constant LCU | -61855.5% |
| 2020 | -2.93 billion constant LCU | +414.2% |
| 2021 | -1.66 billion constant LCU | -43.4% |
| 2022 | 1.38 billion constant LCU | -183.3% |
| 2023 | -479.66 million constant LCU | -134.7% |
| 2024 | -702.51 million constant LCU | +46.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -7.45 billion constant LCU | -7.74 billion constant LCU | -7.16 billion constant LCU | 2 |
| 2000s | -3.89 billion constant LCU | -7.72 billion constant LCU | 1.72 billion constant LCU | 10 |
| 2010s | 555.67 million constant LCU | -5.03 billion constant LCU | 5.00 billion constant LCU | 10 |
| 2020s | -878.79 million constant LCU | -2.93 billion constant LCU | 1.38 billion constant LCU | 5 |
Countries ranked near Oman
- 113 Kosovo -355.02 million constant LCU compare
- 114 United States Virgin Islands -599.72 million constant LCU compare
- 115 New Zealand -628.28 million constant LCU compare
- 117 Central African Republic -872.72 million constant LCU compare
- 118 Brunei Darussalam -970.77 million constant LCU compare
- 119 Comoros -1.26 billion constant LCU 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)
- GNI, Atlas method (current US$), annual growth rate 2.38 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9625 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 19,524 current US$ per person (2024)
- GNI (current US$), annual growth rate 0.6319 % change on previous year (2024)
- GNI (current US$), per unit of GDP 0.9424 current US$ per US$ of GDP (2024)
- GNI (current US$), per capita 19,118 current US$ per person (2024)
- GNI (current LCU), annual growth rate 0.6319 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.3624 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Oman?
- Terms of trade adjustment in Oman was -702.51 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Oman?
- The highest recorded value was 5.00 billion constant LCU in 2012.
- What is the lowest terms of trade adjustment recorded in Oman?
- The lowest recorded value was -7.74 billion constant LCU in 1998.
- How does Oman rank for terms of trade adjustment?
- Oman ranks 116th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Oman?
- Over the last ten years it is down 120.6%. 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 Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.