Domestic credit to private sector by banks in Oman
Oman: Domestic credit to private sector by banks was 63.2% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Oman, 1972–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Oman is 63.2%, measured in 2024.
That represents a change of up 5.8% on the previous year and up 54.1% over ten years.
Over the whole period, domestic credit to private sector by banks in Oman peaked at 76.5% in 2020 and was at its lowest, 4.7%, in 1972.
Oman ranks 47th of 187 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Oman, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 4.7% | — |
| 1973 | 11.1% | +136.7% |
| 1974 | 11.6% | +4.0% |
| 1975 | 11.9% | +2.5% |
| 1976 | 13.6% | +14.5% |
| 1977 | 17.6% | +29.8% |
| 1978 | 21.0% | +18.8% |
| 1979 | 17.3% | -17.6% |
| 1980 | 13.7% | -20.6% |
| 1981 | 13.4% | -2.6% |
| 1982 | 14.5% | +8.3% |
| 1983 | 17.1% | +18.4% |
| 1984 | 18.6% | +8.6% |
| 1985 | 19.5% | +5.1% |
| 1986 | 24.1% | +23.4% |
| 1987 | 22.9% | -4.9% |
| 1988 | 23.7% | +3.5% |
| 1989 | 22.9% | -3.6% |
| 1990 | 18.1% | -20.9% |
| 1991 | 18.8% | +4.0% |
| 1992 | 18.9% | +0.3% |
| 1993 | 19.9% | +5.3% |
| 1994 | 21.7% | +9.1% |
| 1995 | 22.5% | +3.5% |
| 1996 | 23.4% | +4.1% |
| 1997 | 31.3% | +33.8% |
| 1998 | 41.5% | +32.8% |
| 1999 | 40.6% | -2.3% |
| 2000 | 32.8% | -19.1% |
| 2001 | 35.2% | +7.1% |
| 2002 | 34.0% | -3.4% |
| 2003 | 32.2% | -5.3% |
| 2004 | 29.9% | -7.2% |
| 2005 | 26.8% | -10.2% |
| 2006 | 26.9% | +0.1% |
| 2007 | 31.0% | +15.2% |
| 2008 | 30.6% | -1.0% |
| 2009 | 40.7% | +33.0% |
| 2010 | 38.2% | -6.2% |
| 2011 | 36.1% | -5.5% |
| 2012 | 36.8% | +2.0% |
| 2013 | 37.8% | +2.7% |
| 2014 | 41.0% | +8.4% |
| 2015 | 58.1% | +41.9% |
| 2016 | 66.6% | +14.6% |
| 2017 | 65.9% | -1.1% |
| 2018 | 61.0% | -7.4% |
| 2019 | 65.1% | +6.6% |
| 2020 | 76.5% | +17.6% |
| 2021 | 68.1% | -11.0% |
| 2022 | 55.7% | -18.2% |
| 2023 | 59.7% | +7.1% |
| 2024 | 63.2% | +5.8% |
Oman compared with similar countries
- Oman's 63.2% is below the median for high income countries, which is 64.3%, 98% of the median. (61 countries reporting)
- Oman's 63.2% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 56.4%, 1.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 1973 | +136.7% | 4.7% | 11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.6% | 4.7% | 21.0% | 8 |
| 1980s | 19.0% | 13.4% | 24.1% | 10 |
| 1990s | 25.7% | 18.1% | 41.5% | 10 |
| 2000s | 32.0% | 26.8% | 40.7% | 10 |
| 2010s | 50.7% | 36.1% | 66.6% | 10 |
| 2020s | 64.7% | 55.7% | 76.5% | 5 |
Countries ranked near Oman
- 44 Georgia 65.9% compare
- 45 Saint Kitts and Nevis 65.0% compare
- 46 Saudi Arabia 64.3% compare
- 48 Malta 61.7% compare
- 49 Estonia 60.5% compare
- 50 Kosovo 59.9% compare
- 50 Kosovo (UNSCR 1244) 59.9% compare
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 domestic credit to private sector by banks in Oman?
- Domestic credit to private sector by banks in Oman was 63.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Oman?
- The highest recorded value was 76.5% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Oman?
- The lowest recorded value was 4.7% in 1972.
- How does Oman rank for domestic credit to private sector by banks?
- Oman ranks 47th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Oman?
- Over the last ten years it is up 54.1%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.