Oman Consolidated Fiscal Balance: % of GDP

2005 - 2023 | Quarterly | % | CEIC Data

Key information about Oman Consolidated Fiscal Balance: % of GDP

  • Oman Consolidated Fiscal Balance registered a surplus equal to 2.3 % of its Nominal GDP in Sep 2023, compared with a surplus equal to 2.7 % in the previous quarter
  • Oman Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2005 to Sep 2023, with an average ratio of -2.8 %
  • The data reached an all-time high of 29.2 % in Jun 2006 and a record low of -23.5 % in Dec 2016
CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides Consolidated Fiscal Balance in local currency. The National Centre for Statistics and Information provides year-to-date Nominal GDP in local currency based on SNA 2008. Nominal GDP prior to Q4 2010 is based on SNA 1993.


Further information about Oman Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Oman National Government Debt reached 46.1 USD bn in Dec 2022
  • Oman Nominal GDP reached 27.1 USD bn in Mar 2023

View Oman's Consolidated Fiscal Balance: % of GDP from Dec 2005 to Sep 2023 in the chart:

Oman Consolidated Fiscal Balance: % of GDP

What was Oman's Consolidated Fiscal Balance: % of GDP in Sep 2023?

Oman Consolidated Fiscal Balance registered a surplus equal to 2.3 % of its Nominal GDP in Sep 2023, compared with a surplus equal to 2.7 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.3 Sep 2023 2.7 Jun 2023 -23.5 Dec 2016 29.2 Jun 2006 % quarterly Dec 2005 - Sep 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -2.2 Mar 2024 quarterly Dec 2004 - Mar 2024
Armenia (%) -2.5 Mar 2024 quarterly Dec 2002 - Mar 2024
Australia (%) -1.8 Jun 2024 quarterly Jun 2003 - Jun 2024
Austria (%) -2.7 Dec 2023 quarterly Dec 2001 - Dec 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 2.9 Mar 2024 quarterly Dec 2008 - Mar 2024
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.2 Jun 2024 quarterly Dec 1997 - Jun 2024
Brunei (%) -11.9 2023 yearly 2010 - 2023
Bulgaria (%) -2.4 Mar 2024 quarterly Sep 2003 - Mar 2024
Cambodia (%) -0.1 2022 yearly 2007 - 2022
Canada (%) -1.9 Jun 2024 quarterly Jun 1993 - Jun 2024
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -5.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Colombia (%) 0.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Czech Republic (%) -2.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Denmark (%) 3.2 Mar 2024 quarterly Dec 1999 - Mar 2024
Ecuador (%) -2.8 Mar 2024 quarterly Dec 2000 - Mar 2024
Estonia (%) -3.2 Mar 2024 quarterly Dec 1999 - Mar 2024
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -3.4 Mar 2024 quarterly Dec 1999 - Mar 2024
France (%) -5.6 Jun 2024 quarterly Dec 1949 - Jun 2024
Georgia (%) -2.1 Mar 2024 quarterly Dec 2006 - Mar 2024
Germany (%) -2.5 Jun 2024 quarterly Dec 1991 - Jun 2024
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.9 Jun 2024 quarterly Sep 1999 - Jun 2024
Hungary (%) -5.7 Mar 2024 quarterly Dec 1999 - Mar 2024
Iceland (%) 0.1 Mar 2024 quarterly Mar 2002 - Mar 2024
India (%) -4.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Indonesia (%) -2.6 Jun 2024 quarterly Dec 2014 - Jun 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.5 Mar 2024 quarterly Dec 2000 - Mar 2024
Israel (%) -7.7 Jun 2024 quarterly Dec 1999 - Jun 2024
Italy (%) -6.5 Mar 2024 quarterly Dec 1999 - Mar 2024
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.7 Mar 2024 quarterly Dec 2008 - Mar 2024
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.5 Mar 2024 quarterly Jun 2000 - Mar 2024
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) -3.1 2023 yearly 1988 - 2023
Kyrgyzstan (%) 5.6 May 2024 monthly Jan 2007 - May 2024
Laos (%) 0.6 2023 yearly 2012 - 2023
Latvia (%) -1.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.6 Mar 2024 quarterly Dec 1999 - Mar 2024
Luxembourg (%) -1.3 2023 yearly 1995 - 2023
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -3.9 Mar 2024 quarterly Dec 2000 - Mar 2024
Mauritius (%) -6.2 Mar 2024 quarterly Dec 2010 - Mar 2024
Mexico (%) -4.1 Jun 2024 quarterly Dec 1980 - Jun 2024
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 0.7 Jun 2024 quarterly Dec 2000 - Jun 2024
Montenegro (%) -0.8 Mar 2024 quarterly Dec 2012 - Mar 2024
Morocco (%) -5.0 2023 yearly 1980 - 2023
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -1.1 Mar 2024 quarterly Dec 1999 - Mar 2024
Nigeria (%) -4.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Norway (%) 14.4 Mar 2024 quarterly Dec 2002 - Mar 2024
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2024 yearly 2000 - 2024
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.5 Mar 2024 quarterly Dec 2003 - Mar 2024
Peru (%) -3.8 Jun 2024 quarterly Dec 1990 - Jun 2024
Philippines (%) -6.2 Jun 2024 quarterly Dec 1985 - Jun 2024
Poland (%) -5.1 2023 yearly 1995 - 2023
Portugal (%) 0.9 Mar 2024 quarterly Sep 1999 - Mar 2024
Qatar (%) 0.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -6.3 Mar 2024 quarterly Dec 2004 - Mar 2024
Russia (%) -0.9 Mar 2024 quarterly Dec 1993 - Mar 2024
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Mar 2024 quarterly Dec 2005 - Mar 2024
Singapore (%) 1.4 Jun 2024 quarterly Mar 2012 - Jun 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Jun 2024 quarterly Dec 2000 - Jun 2024
South Africa (%) -4.6 Mar 2024 quarterly Dec 1990 - Mar 2024
Spain (%) -3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Sri Lanka (%) -6.9 Mar 2024 quarterly Dec 2014 - Mar 2024
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.7 2023 yearly 1995 - 2023
Switzerland (%) 0.5 2023 yearly 1990 - 2023

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Oman Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Consolidated Fiscal Balance (USD mn) 527.958 May 2024 monthly Jun 2003 - May 2024
Tax Revenue (USD mn) 4,872.086 2023 yearly 1996 - 2023
Tax Revenue: % of GDP (%) 4.5 2023 yearly 1996 - 2023
National Government Debt (USD mn) 46,137.8 2022 yearly 1990 - 2022
Government Debt: % of GDP (%) 41.2 2022 yearly 1990 - 2022
Forecast: Government Expenditure (OMR bn) 11.499 2028 yearly 1990 - 2028
Forecast: Government Net Debt (OMR bn) 13.559 2028 yearly 1990 - 2028
Forecast: Government Revenue (OMR bn) 12.441 2028 yearly 1990 - 2028
Government Revenue: Corporate Income Tax (OMR mn) 400.000 May 2024 monthly Jan 2006 - May 2024
Government Financing (OMR mn) -47.000 May 2024 monthly Jan 2006 - May 2024
Government Expenditure: Current (OMR mn) 663.000 May 2024 monthly Jun 2003 - May 2024
Government Expenditure: Investment (OMR mn) 126.000 May 2024 monthly Jun 2003 - May 2024
Government Surplus or Deficit: Fiscal (OMR mn) 203.000 May 2024 monthly Jun 2003 - May 2024
Government Expenditure (OMR mn) 1,128.000 May 2024 monthly Jun 2003 - May 2024
Government Surplus or Deficit: Remaining (OMR mn) 203.000 May 2024 monthly Jan 2006 - May 2024
Government Revenue (OMR mn) 919.000 Apr 2024 monthly Jun 2003 - Apr 2024
Government Revenue: Current (OMR mn) 625.000 May 2024 monthly Mar 2012 - May 2024
Government Revenue: Non Oil (OMR mn) 3,524.767 2023 yearly 1990 - 2023
Government Debt (OMR mn) 17,740.000 2022 yearly 2001 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.354 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,016.2 May 2024 monthly Jan 1975 - May 2024
Total Exports (USD mn) 4,875.8 May 2024 monthly Mar 2003 - May 2024
Total Exports Growth (%) -1.7 May 2024 monthly Mar 2004 - May 2024
Aluminum: Exports (USD th) 1,550,708.427 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 155,305.875 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 4,561.969 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,859.6 May 2024 monthly Jan 1975 - May 2024
Total Imports Growth (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Imports: Medicament (USD th) 394,025.071 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 155,778.457 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 190.788 May 2024 monthly Oct 1986 - May 2024
Total Imports from USA (USD mn) 73.231 May 2024 monthly Jan 1981 - May 2024
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 366.710 May 2024 monthly Jun 1984 - May 2024
Exports: Oil and Gas (OMR mn) 1,113.412 May 2024 monthly Jan 2006 - May 2024
Exports: Oil and Gas: Crude Oil (OMR mn) 824.411 May 2024 monthly Jan 1995 - May 2024
Exports: Non Oil: Mineral Products (OMR mn) 214.472 May 2024 monthly Jan 2006 - May 2024
Exports (OMR mn) 1,874.731 May 2024 monthly Jan 1974 - May 2024
Exports: Non Oil: Chemical Products (OMR mn) 93.298 May 2024 monthly Jan 2006 - May 2024
Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) 173.948 May 2024 monthly Jan 2006 - May 2024
Exports: Non Oil (OMR mn) 620.553 May 2024 monthly Jan 2006 - May 2024
Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) 258.358 May 2024 monthly Jan 2006 - May 2024
Imports: Chemical Products (OMR mn) 114.730 May 2024 monthly Jan 2006 - May 2024
Imports: Mineral Products (OMR mn) 474.387 May 2024 monthly Jan 2006 - May 2024
Imports: Transport Equipment (OMR mn) 111.236 May 2024 monthly Jan 2006 - May 2024
Exports: Crude Oil: India (Barrel th) 1,000.000 Jun 2024 monthly Nov 2010 - Jun 2024
Exports: Crude Oil: Japan (Barrel th) 476.500 Jun 2024 monthly Feb 2006 - Jun 2024
Exports: Crude Oil (Barrel th) 24,370.800 Jun 2024 monthly Feb 2006 - Jun 2024
Exports: Crude Oil: China (Barrel th) 22,894.300 Jun 2024 monthly Feb 2006 - Jun 2024
Export Volume Index (2015=100) 113.944 2021 yearly 1980 - 2021
Export Value Index (2015=100) 139.667 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 84.478 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 944.1 2022 yearly 2001 - 2022
Current Account Balance (USD mn) 5,651.5 2022 yearly 1974 - 2022
Current Account Balance: % of GDP (%) -4.9 2021 yearly 1980 - 2021
Foreign Direct Investment (USD mn) 5,479.8 2022 yearly 1970 - 2022
Foreign Direct Investment: % of GDP (%) 4.9 2022 yearly 1970 - 2022
Foreign Portfolio Investment (USD mn) -2,101.430 2022 yearly 1996 - 2022
Foreign Portfolio Investment: % of GDP (%) -1.9 2022 yearly 1996 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 287.9 2022 yearly 1974 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -2,389.077 2022 yearly 1974 - 2022
Forecast: Current Account Balance (USD bn) 2.363 2029 yearly 1980 - 2029
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 0.000 2021 yearly 2017 - 2021
OM: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liab... (USD mn) 0.000 2021 yearly 2017 - 2021
BoP: Current Account: Transfers (OMR mn) -3,774.000 2017 yearly 1996 - 2017
Foreign Direct Investment: United Kingdom (OMR mn) 10,150.500 2022 yearly 2005 - 2022
Foreign Direct Investment: India (OMR mn) 255.200 2022 yearly 2005 - 2022
Foreign Direct Investment: Kuwait (OMR mn) 927.500 2022 yearly 2005 - 2022
Foreign Direct Investment: United Arab Emirates (OMR mn) 1,083.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Oil and Gas (OMR mn) 14,157.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Financial Intermediation (OMR mn) 1,481.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 1,037.700 2022 yearly 2005 - 2022
Foreign Direct Investment: Construction (OMR mn) 154.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Manufacturing (OMR mn) 1,549.100 2022 yearly 2005 - 2022
Foreign Direct Investment: United States of America (OMR mn) 2,734.500 2022 yearly 2005 - 2022
No of Registered Enterprises (Unit) 338,094.000 2021 yearly 1999 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 Mar 2024 quarterly Jun 2008 - Mar 2024
Non-Performing Loans (USD mn) 512.874 Mar 2024 quarterly Mar 2008 - Mar 2024
Money Supply M1 (USD mn) 17,509.753 Jun 2024 monthly Jan 1999 - Jun 2024
Money Supply M2 (USD mn) 62,581.274 Jun 2024 monthly Jan 1999 - Jun 2024
M2 Growth (%) 12.7 Jun 2024 monthly Jan 2000 - Jun 2024
Reserve Requirement Ratio (%) 5.0 Dec 2023 monthly Jun 2006 - Dec 2023
Foreign Exchange Reserves (USD mn) 16,516.3 Jun 2024 monthly Apr 1970 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.481 Mar 2024 quarterly Dec 2005 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 4.5 May 2024 monthly Jan 1975 - May 2024
Gold Reserves (USD mn) 503.511 Jun 2024 monthly Dec 1969 - Jun 2024
Total Deposits (USD mn) 64,168.991 Jun 2024 monthly Jan 2000 - Jun 2024
Total Deposits Growth (%) 10.9 Jun 2024 monthly Jan 2001 - Jun 2024
Domestic Credit (USD mn) 69,931.1 Jun 2024 monthly Dec 1999 - Jun 2024
Domestic Credit Growth (%) 5.0 Jun 2024 monthly Dec 2000 - Jun 2024
Total Loans (USD mn) 65,098.049 Jun 2024 monthly Dec 1998 - Jun 2024
Total Loans Growth (%) 2.27 Jun 2024 monthly Dec 1999 - Jun 2024
Private Debt: % of Nominal GDP (%) 48.91 Mar 2024 quarterly Dec 2005 - Mar 2024
Domestic Assets (OMR mn) 17,328.100 Jun 2024 monthly Dec 1999 - Jun 2024
Money Supply: Quasi Money (OMR mn) 17,329.900 Jun 2024 monthly Jan 1999 - Jun 2024
Money Supply (OMR mn) 24,062.500 Jun 2024 monthly Jan 1999 - Jun 2024
Deposits: Private Sector (OMR mn) 16,473.800 Jun 2024 monthly Jan 1999 - Jun 2024

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