Current account balance (credit less debit), Net (credits less) in Oman
Oman: Current account balance (credit less debit), Net (credits less) was 3.07 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Oman, 2005–2024
Source: International Monetary Fund.
Analysis
Oman recorded 3.07 billion for current account balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 26.1% on the previous year and down 28.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Oman peaked at 8.87 billion in 2011 and was at its lowest, -12.56 billion, in 2020.
That places Oman 39th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 5.18 billion | — |
| 2006 | 5.66 billion | +9.4% |
| 2007 | 2.46 billion | -56.5% |
| 2008 | 5.05 billion | +105.0% |
| 2009 | -434.79 million | -108.6% |
| 2010 | 4.94 billion | -1235.3% |
| 2011 | 8.87 billion | +79.7% |
| 2012 | 7.86 billion | -11.4% |
| 2013 | 5.29 billion | -32.7% |
| 2014 | 4.29 billion | -18.8% |
| 2015 | -10.85 billion | -352.7% |
| 2016 | -12.48 billion | +15.0% |
| 2017 | -11.01 billion | -11.8% |
| 2018 | -4.44 billion | -59.7% |
| 2019 | -4.33 billion | -2.4% |
| 2020 | -12.56 billion | +190.0% |
| 2021 | -4.84 billion | -61.5% |
| 2022 | 4.01 billion | -182.9% |
| 2023 | 2.43 billion | -39.3% |
| 2024 | 3.07 billion | +26.1% |
Oman compared with similar countries
- Oman's 3.07 billion is above the median for high income countries, which is 547.38 million, 5.6× the median. (72 countries reporting)
- Oman's 3.07 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million, 32.4× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) 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 |
|---|---|---|---|
| 2010 | +1235.3% | -434.79 million | 4.94 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.58 billion | -434.79 million | 5.66 billion | 5 |
| 2010s | -1.19 billion | -12.48 billion | 8.87 billion | 10 |
| 2020s | -1.58 billion | -12.56 billion | 4.01 billion | 5 |
Countries ranked near Oman
More financial sector data for Oman
- Reserve position in the IMF, US dollar, annual growth rate 7.04 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.73 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.93 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.04 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.73 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.93 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Oman?
- Current account balance (credit less debit), net (credits less debits) in Oman was 3.07 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Oman?
- The highest recorded value was 8.87 billion in 2011.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Oman?
- The lowest recorded value was -12.56 billion in 2020.
- How does Oman rank for current account balance (credit less debit), net (credits less debits)?
- Oman ranks 39th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Oman?
- Over the last ten years it is down 28.5%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.