Trade in services in Oman
Oman: Trade in services was 17.2% in 2024. ▲ Rising
Trade in services in Oman, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Oman recorded 17.2% for trade in services in 2024.
The figure is down 0.3% on the previous year and up 20.8% over ten years.
Over the whole period, trade in services in Oman peaked at 19.3% in 2019 and was at its lowest, 5.9%, in 1990.
That places Oman 118th out of 199 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Trade in services in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 7.3% | — |
| 1979 | 6.5% | -11.5% |
| 1980 | 8.8% | +35.6% |
| 1981 | 8.7% | -1.5% |
| 1982 | 9.4% | +8.8% |
| 1983 | 8.9% | -6.1% |
| 1984 | 7.8% | -12.0% |
| 1985 | 7.3% | -6.7% |
| 1986 | 9.6% | +31.8% |
| 1987 | 6.3% | -34.0% |
| 1988 | 6.4% | +1.0% |
| 1989 | 6.7% | +5.1% |
| 1990 | 5.9% | -11.9% |
| 1991 | 7.9% | +33.9% |
| 1992 | 6.7% | -15.8% |
| 1993 | 6.5% | -3.1% |
| 1994 | 6.2% | -4.0% |
| 1995 | 6.3% | +2.3% |
| 1996 | 9.0% | +41.7% |
| 1997 | 10.1% | +12.4% |
| 1998 | 14.2% | +40.5% |
| 1999 | 11.9% | -16.0% |
| 2000 | 9.9% | -16.7% |
| 2001 | 11.3% | +13.6% |
| 2002 | 10.8% | -4.5% |
| 2003 | 13.1% | +21.1% |
| 2004 | 13.7% | +5.0% |
| 2005 | 11.5% | -16.0% |
| 2006 | 12.2% | +6.4% |
| 2007 | 14.0% | +14.6% |
| 2008 | 11.0% | -21.3% |
| 2009 | 12.8% | +16.0% |
| 2010 | 12.6% | -1.9% |
| 2011 | 13.0% | +3.4% |
| 2012 | 13.1% | +1.0% |
| 2013 | 14.2% | +8.3% |
| 2014 | 14.2% | +0.0% |
| 2015 | 17.3% | +21.9% |
| 2016 | 17.9% | +3.4% |
| 2017 | 18.3% | +2.2% |
| 2018 | 18.1% | -1.2% |
| 2019 | 19.3% | +6.8% |
| 2020 | 14.1% | -27.0% |
| 2021 | 13.1% | -7.2% |
| 2022 | 14.0% | +6.8% |
| 2023 | 17.2% | +23.3% |
| 2024 | 17.2% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.9% | 6.5% | 7.3% | 2 |
| 1980s | 8.0% | 6.3% | 9.6% | 10 |
| 1990s | 8.5% | 5.9% | 14.2% | 10 |
| 2000s | 12.0% | 9.9% | 14.0% | 10 |
| 2010s | 15.8% | 12.6% | 19.3% | 10 |
| 2020s | 15.1% | 13.1% | 17.2% | 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)
- Industry (including construction), value added (constant 2015 US$) 1.61 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.4306 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 8,589 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 1.61 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1876 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,743 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is trade in services in Oman?
- Trade in services in Oman was 17.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Oman?
- The highest recorded value was 19.3% in 2019.
- What is the lowest trade in services recorded in Oman?
- The lowest recorded value was 5.9% in 1990.
- How does Oman rank for trade in services?
- Oman ranks 118th out of 199 countries with data for 2024.
- Is trade in services rising or falling in Oman?
- Over the last ten years it is up 20.8%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.