Current account balance (credit less debit), Percent of GDP (Balance) in Oman
Oman: Current account balance (credit less debit), Percent of GDP (Balance) was 2.03 in 2030. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Oman, 2000–2030
Source: International Monetary Fund.
Analysis
Oman recorded 2.03 for current account balance (credit less debit), percent of gdp (balance) in 2030.
The figure is up 12.6% on the previous year and up 112.3% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Oman peaked at 14.58 in 2005 and was at its lowest, -16.55, in 2016.
That places Oman 8th out of 32 countries with data for 2030, 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), Percent of GDP (Balance) in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.06 | — |
| 2001 | 8.9 | -36.7% |
| 2002 | 7.37 | -17.3% |
| 2003 | 5.87 | -20.2% |
| 2004 | 3.18 | -45.9% |
| 2005 | 14.58 | +358.6% |
| 2006 | 13.3 | -8.8% |
| 2007 | 5.1 | -61.7% |
| 2008 | 7.23 | +41.8% |
| 2009 | -0.9013 | -112.5% |
| 2010 | 7.59 | -942.6% |
| 2011 | 11.44 | +50.7% |
| 2012 | 8.99 | -21.4% |
| 2013 | 5.88 | -34.6% |
| 2014 | 4.63 | -21.3% |
| 2015 | -13.76 | -397.3% |
| 2016 | -16.55 | +20.3% |
| 2017 | -13.61 | -17.8% |
| 2018 | -4.87 | -64.2% |
| 2019 | -4.92 | +0.9% |
| 2020 | -16.55 | +236.5% |
| 2021 | -5.54 | -66.5% |
| 2022 | 3.65 | -165.9% |
| 2023 | 2.3 | -37.1% |
| 2024 | 2.87 | +25.0% |
| 2025 | -1.02 | -135.7% |
| 2026 | -0.7215 | -29.5% |
| 2027 | 0.5822 | -180.7% |
| 2028 | 1.46 | +150.5% |
| 2029 | 1.8 | +23.8% |
| 2030 | 2.03 | +12.6% |
Oman compared with similar countries
- Oman's 2.03 is below the median for high income countries, which is 6.79, 30% of the median. (6 countries reporting)
- Oman's 2.03 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.3292. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 | +942.6% | -0.9013 | 7.59 |
| 2015 | -397.3% | 4.63 | -13.76 |
| 2005 | +358.6% | 3.18 | 14.58 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.87 | -0.9013 | 14.58 | 10 |
| 2010s | -1.52 | -16.55 | 11.44 | 10 |
| 2020s | -1.12 | -16.55 | 3.65 | 10 |
| 2030s | 2.03 | 2.03 | 2.03 | 1 |
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), percent of gdp (balance) in Oman?
- Current account balance (credit less debit), percent of gdp (balance) in Oman was 2.03 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Oman?
- The highest recorded value was 14.58 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Oman?
- The lowest recorded value was -16.55 in 2016.
- How does Oman rank for current account balance (credit less debit), percent of gdp (balance)?
- Oman ranks 8th out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Oman?
- Over the last ten years it is up 112.3%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.