Current account balance (credit less debit), Net (credits less debits) in Oman
Oman: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Total reserves in months of imports, annual growth rate -3.89 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.54 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1187 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,407 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 5.4 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 2,573 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 7.78 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 2,655 SDR per person (2024)
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.
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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.