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 2.6 % of its Nominal GDP in Jun 2023, compared with a surplus equal to 2.9 % in the previous quarter
  • Oman Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2005 to Jun 2023, with an average ratio of -3.4 %
  • 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 2015 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 Jun 2023 in the chart:

Oman Consolidated Fiscal Balance: % of GDP

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

Oman Consolidated Fiscal Balance registered a surplus equal to 2.6 % of its Nominal GDP in Jun 2023, compared with a surplus equal to 2.9 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.6 Jun 2023 2.9 Mar 2023 -23.5 Dec 2016 29.2 Jun 2006 % quarterly Dec 2005 - Jun 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

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Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -7.3 2021 yearly 1994 - 2021
Argentina (%) -4.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Armenia (%) -1.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Australia (%) -0.9 Jun 2023 quarterly Jun 2003 - Jun 2023
Austria (%) -4.1 Jun 2023 quarterly Dec 2001 - Jun 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2022 yearly 2006 - 2022
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 4.7 Mar 2023 quarterly Dec 2008 - Mar 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -5.6 Sep 2023 quarterly Dec 1997 - Sep 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -1.8 Sep 2023 quarterly Sep 2003 - Sep 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.7 Jun 2023 quarterly Jun 1993 - Jun 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -4.1 Sep 2023 quarterly Dec 1995 - Sep 2023
Colombia (%) -2.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Czech Republic (%) -3.3 Jun 2023 quarterly Dec 1999 - Jun 2023
Denmark (%) 3.2 Jun 2023 quarterly Dec 1999 - Jun 2023
Ecuador (%) -1.1 Jun 2023 quarterly Dec 2000 - Jun 2023
Estonia (%) -1.7 Jun 2023 quarterly Dec 1999 - Jun 2023
European Union (%) -3.3 2022 yearly 1995 - 2022
Finland (%) -1.5 Jun 2023 quarterly Dec 1999 - Jun 2023
France (%) -5.0 Jun 2023 quarterly Dec 1949 - Jun 2023
Georgia (%) -2.0 Jun 2023 quarterly Dec 2006 - Jun 2023
Germany (%) -2.7 Sep 2023 quarterly Dec 1991 - Sep 2023
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.6 Jun 2023 quarterly Sep 1999 - Jun 2023
Hungary (%) -8.2 Jun 2023 quarterly Dec 1999 - Jun 2023
Iceland (%) -1.5 Jun 2023 quarterly Mar 2002 - Jun 2023
India (%) -6.6 Jun 2023 quarterly Mar 2005 - Jun 2023
Indonesia (%) -2.2 Sep 2023 quarterly Dec 2014 - Sep 2023
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 2.2 Jun 2023 quarterly Dec 2000 - Jun 2023
Israel (%) -1.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Italy (%) -8.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Ivory Coast (%) -5.9 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -2.5 Sep 2023 quarterly Dec 2008 - Sep 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.1 Jun 2023 quarterly Jun 2000 - Jun 2023
Kosovo (%) 0.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Kuwait (%) -9.6 2019 yearly 1989 - 2019
Kyrgyzstan (%) 2.9 Sep 2023 monthly Jan 2007 - Sep 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -3.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.3 Jun 2023 quarterly Dec 1999 - Jun 2023
Luxembourg (%) -0.3 2022 yearly 1995 - 2022
Macau SAR, China (%) -33.3 Sep 2022 quarterly Dec 2003 - Sep 2022
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 (%) -4.8 Mar 2023 quarterly Dec 2000 - Mar 2023
Mauritius (%) -4.9 Jun 2023 quarterly Dec 2010 - Jun 2023
Mexico (%) -4.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
Montenegro (%) -0.5 Jun 2023 quarterly Dec 2012 - Jun 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
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 (%) -0.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Nigeria (%) -4.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Norway (%) 23.3 Jun 2023 quarterly Dec 2002 - Jun 2023
Oman (%) 2.6 Jun 2023 quarterly Dec 2005 - Jun 2023
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.9 Jun 2023 quarterly Dec 2003 - Jun 2023
Peru (%) -2.9 Sep 2023 quarterly Dec 1990 - Sep 2023
Philippines (%) -6.7 Sep 2023 quarterly Dec 1985 - Sep 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.0 Jun 2023 quarterly Sep 1999 - Jun 2023
Qatar (%) 5.5 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -6.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Russia (%) -4.7 Jun 2023 quarterly Dec 1993 - Jun 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Singapore (%) 0.9 Sep 2023 quarterly Mar 2012 - Sep 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
South Africa (%) -5.4 Jun 2023 quarterly Dec 1990 - Jun 2023
Spain (%) -4.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Sri Lanka (%) -10.5 Jun 2023 quarterly Dec 2014 - Jun 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) 1.2 2022 yearly 1990 - 2022

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Oman Key Series

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Includes 177 key indicators for Oman, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.6 Jun 2023 quarterly Dec 2005 - Jun 2023
Consolidated Fiscal Balance (USD mn) 46.814 Sep 2023 monthly Jun 2003 - Sep 2023
Tax Revenue (USD mn) 3,304.518 2021 yearly 1996 - 2021
Tax Revenue: % of GDP (%) 3.7 2021 yearly 1996 - 2021
National Government Debt (USD mn) 46,137.8 2022 yearly 1990 - 2022
Government Debt: % of GDP (%) 40.2 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) 19.000 Sep 2023 monthly Jan 2006 - Sep 2023
Government Financing (OMR mn) -567.000 Sep 2023 monthly Jan 2006 - Sep 2023
Government Expenditure: Current (OMR mn) 714.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Expenditure: Investment (OMR mn) 99.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Surplus or Deficit: Fiscal (OMR mn) 18.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Expenditure (OMR mn) 946.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Surplus or Deficit: Remaining (OMR mn) -549.000 Sep 2023 monthly Jan 2006 - Sep 2023
Government Revenue (OMR mn) 964.000 Sep 2023 monthly Jun 2003 - Sep 2023
Government Revenue: Current (OMR mn) 120.000 Sep 2023 monthly Mar 2012 - Sep 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) 1,870.2 Jun 2023 monthly Jan 1975 - Jun 2023
Total Exports (USD mn) 5,113.1 Sep 2023 monthly Mar 2003 - Sep 2023
Total Exports Growth (%) -9.5 Sep 2023 monthly Mar 2004 - Sep 2023
Aluminum: Exports (USD th) 2,089,297.342 2022 yearly 1995 - 2022
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) 3,565.7 May 2023 monthly Jan 1975 - May 2023
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) 89.758 Jul 2023 monthly Oct 1986 - Jul 2023
Total Imports from USA (USD mn) 84.411 Jul 2023 monthly Jan 1981 - Jul 2023
Total Exports to China (USD mn) 47.074 Jun 2017 monthly Nov 2009 - Jun 2017
Total Imports from China (USD mn) 213.264 Sep 2023 monthly Jun 1984 - Sep 2023
Exports: Crude Oil: India (Barrel th) 0.000 Oct 2023 monthly Nov 2010 - Oct 2023
Exports: Crude Oil: Japan (Barrel th) 500.400 Oct 2023 monthly Feb 2006 - Oct 2023
Exports: Crude Oil (Barrel th) 25,998.400 Oct 2023 monthly Feb 2006 - Oct 2023
Exports: Crude Oil: China (Barrel th) 25,294.100 Oct 2023 monthly Feb 2006 - Oct 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 944.1 2022 yearly 2001 - 2022
Current Account Balance (USD mn) 5,752.9 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 (%) 4.8 2022 yearly 1970 - 2022
Foreign Portfolio Investment (USD mn) -2,101.430 2022 yearly 1996 - 2022
Foreign Portfolio Investment: % of GDP (%) -1.8 2022 yearly 1996 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 287.9 2022 yearly 1974 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 4,338.882 2021 yearly 1974 - 2021
Forecast: Current Account Balance (USD bn) 1.957 2028 yearly 1980 - 2028
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 States of America (OMR mn) 2,734.500 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: Manufacturing (OMR mn) 1,549.100 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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.4 Jun 2023 quarterly Jun 2008 - Jun 2023
Non-Performing Loans (USD mn) 477.503 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 14,757.607 Sep 2023 monthly Jan 1999 - Sep 2023
Money Supply M2 (USD mn) 56,390.897 Sep 2023 monthly Jan 1999 - Sep 2023
M2 Growth (%) 4.5 Sep 2023 monthly Jan 2000 - Sep 2023
Reserve Requirement Ratio (%) 5.0 Oct 2023 monthly Jun 2006 - Oct 2023
Foreign Exchange Reserves (USD mn) 14,819.5 Sep 2023 monthly Apr 1970 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 13.962 Jun 2023 quarterly Dec 2005 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 6.1 Jun 2023 monthly Jan 1975 - Jun 2023
Gold Reserves (USD mn) 179.974 Sep 2023 monthly Dec 1969 - Sep 2023
Total Deposits (USD mn) 58,367.241 Sep 2023 monthly Jan 2000 - Sep 2023
Total Deposits Growth (%) 4.1 Sep 2023 monthly Jan 2001 - Sep 2023
Domestic Credit (USD mn) 67,786.7 Sep 2023 monthly Dec 1999 - Sep 2023
Domestic Credit Growth (%) 3.2 Sep 2023 monthly Dec 2000 - Sep 2023
Total Loans (USD mn) 63,806.242 Sep 2023 monthly Dec 1998 - Sep 2023
Total Loans Growth (%) 4.42 Sep 2023 monthly Dec 1999 - Sep 2023
Private Debt: % of Nominal GDP (%) 46.84 Jun 2023 quarterly Dec 2005 - Jun 2023

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