Monetary Sector credit to private sector in Oman
Oman: Monetary Sector credit to private sector was 63.2% in 2024. ◆ Volatile
Monetary Sector credit to private sector in Oman, 1972–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Oman recorded 63.2% for monetary sector credit to private sector in 2024.
Compared with earlier readings it is up 5.8% on the previous year and up 54.2% over ten years.
Over the whole period, monetary sector credit to private sector in Oman peaked at 76.6% in 2020 and was at its lowest, 4.7%, in 1972.
That places Oman 46th out of 186 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.
Monetary Sector credit to private sector in Oman, year by year
| Year | % 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% | +15.3% |
| 2008 | 30.6% | -1.1% |
| 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 | 58.2% | +41.9% |
| 2016 | 66.7% | +14.6% |
| 2017 | 65.9% | -1.1% |
| 2018 | 61.1% | -7.4% |
| 2019 | 65.1% | +6.7% |
| 2020 | 76.6% | +17.6% |
| 2021 | 68.2% | -11.0% |
| 2022 | 55.8% | -18.2% |
| 2023 | 59.8% | +7.1% |
| 2024 | 63.2% | +5.8% |
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% | 66.7% | 10 |
| 2020s | 64.7% | 55.8% | 76.6% | 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 monetary sector credit to private sector in Oman?
- Monetary sector credit to private sector in Oman was 63.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Oman?
- The highest recorded value was 76.6% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Oman?
- The lowest recorded value was 4.7% in 1972.
- How does Oman rank for monetary sector credit to private sector?
- Oman ranks 46th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Oman?
- Over the last ten years it is up 54.2%. 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 Monetary Sector credit to private sector (% 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 refers to financial resources provided to the private sector, 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.