Services balance (credit less debit), Net (credits less debits) in Oman
Oman: Services balance (credit less debit), Net (credits less debits) 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.
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
- 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 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.