Goods balance (credit less debit), Net (credits less debits) in Oman
Oman: Goods balance (credit less debit), Net (credits less debits) was 25.66 billion in 2024. ▲ Rising
Goods balance (credit less debit), Net (credits less debits) in Oman, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Oman stood at 25.66 billion.
That represents a change of up 5.3% on the previous year and down 0.1% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Oman peaked at 30.98 billion in 2022 and was at its lowest, 6.26 billion, in 2016.
That places Oman 23rd out of 198 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 10.66 billion | — |
| 2006 | 11.71 billion | +9.8% |
| 2007 | 10.35 billion | -11.6% |
| 2008 | 17.01 billion | +64.4% |
| 2009 | 11.60 billion | -31.8% |
| 2010 | 18.73 billion | +61.4% |
| 2011 | 25.59 billion | +36.7% |
| 2012 | 26.51 billion | +3.6% |
| 2013 | 24.39 billion | -8.0% |
| 2014 | 25.68 billion | +5.3% |
| 2015 | 9.12 billion | -64.5% |
| 2016 | 6.26 billion | -31.4% |
| 2017 | 8.76 billion | +40.0% |
| 2018 | 18.08 billion | +106.3% |
| 2019 | 18.19 billion | +0.6% |
| 2020 | 8.08 billion | -55.6% |
| 2021 | 16.32 billion | +101.8% |
| 2022 | 30.98 billion | +89.9% |
| 2023 | 24.38 billion | -21.3% |
| 2024 | 25.66 billion | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.27 billion | 10.35 billion | 17.01 billion | 5 |
| 2010s | 18.13 billion | 6.26 billion | 26.51 billion | 10 |
| 2020s | 21.08 billion | 8.08 billion | 30.98 billion | 5 |
Countries ranked near Oman
More financial sector data for Oman
- Net domestic credit (current LCU), per capita 5,319 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.2622 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 6.07 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.57 million SDR (2024)
- Gold reserves at market value 432.74 million SDR (2024)
- Reserves excluding gold, foreign exchange 12.71 billion SDR (2024)
- Reserves excluding gold 13.59 billion SDR (2024)
- Total reserves (gold at market value) 14.02 billion SDR (2024)
- Total reserves (gold at national valuation) 14.06 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 2,661 SDR per person (2024)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Oman?
- Goods balance (credit less debit), net (credits less debits) in Oman was 25.66 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Oman?
- The highest recorded value was 30.98 billion in 2022.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Oman?
- The lowest recorded value was 6.26 billion in 2016.
- How does Oman rank for goods balance (credit less debit), net (credits less debits)?
- Oman ranks 23rd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Oman?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is rising.
- Where does this Oman data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.