Services balance (credit less debit), Net (credits less debits) (US) in Oman
Oman: Services balance (credit less debit), Net (credits less debits) (US) was -7.13 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Oman, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Oman stood at -7.13 billion.
That represents a change of down 7.7% on the previous year and down 4.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Oman peaked at -2.21 billion in 2005 and was at its lowest, -8.52 billion, in 2022.
That places Oman 173rd out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Oman, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.21 billion | — |
| 2006 | -2.59 billion | +17.3% |
| 2007 | -3.41 billion | +31.9% |
| 2008 | -4.05 billion | +18.8% |
| 2009 | -3.86 billion | -4.7% |
| 2010 | -4.56 billion | +18.0% |
| 2011 | -5.41 billion | +18.8% |
| 2012 | -6.10 billion | +12.7% |
| 2013 | -6.81 billion | +11.6% |
| 2014 | -6.85 billion | +0.6% |
| 2015 | -6.78 billion | -0.9% |
| 2016 | -6.38 billion | -5.9% |
| 2017 | -6.88 billion | +7.7% |
| 2018 | -7.36 billion | +7.1% |
| 2019 | -7.21 billion | -2.0% |
| 2020 | -6.22 billion | -13.8% |
| 2021 | -6.96 billion | +11.9% |
| 2022 | -8.52 billion | +22.4% |
| 2023 | -6.62 billion | -22.2% |
| 2024 | -7.13 billion | +7.7% |
Oman compared with similar countries
- Oman's -7.13 billion is below the median for high income countries, which is 910.63 million. (72 countries reporting)
- Oman's -7.13 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 18.90 million. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.22 billion | -4.05 billion | -2.21 billion | 5 |
| 2010s | -6.43 billion | -7.36 billion | -4.56 billion | 10 |
| 2020s | -7.09 billion | -8.52 billion | -6.22 billion | 5 |
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 services balance (credit less debit), net (credits less debits) in Oman?
- Services balance (credit less debit), net (credits less debits) in Oman was -7.13 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Oman?
- The highest recorded value was -2.21 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Oman?
- The lowest recorded value was -8.52 billion in 2022.
- How does Oman rank for services balance (credit less debit), net (credits less debits)?
- Oman ranks 173rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Oman?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is falling.
- Where does this Oman data come from?
- The figures come from International Monetary Fund, published as part of Services 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.