Oman Current Account Balance
1974 - 2020 | Yearly | USD mn | CEIC Data
Key information about Oman Current Account Balance
- Oman Current Account recorded a deficit of 8.7 USD bn in Dec 2020, compared with a deficit of 4.3 USD bn in the previous year.
- Oman Current Account Balance: USD mn data is updated yearly, available from Dec 1974 to Dec 2020, with an averaged value of 302.8 USD mn.
- The data reached an all-time high of 8.9 USD bn in Dec 2011 and a record low of -12.5 USD bn in Dec 2016.
- CEIC converts annual Current Account Balance into USD. The Central Bank of Oman provides Current Account Balance in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Current Account Balance prior to 1996 is sourced from the International Monetary Fund.
- Foreign Direct Investment (FDI) increased by 2.9 USD bn in Dec 2020.
- Oman Direct Investment Abroad expanded by 535.8 USD mn in Dec 2020.
- Its Foreign Portfolio Investment increased by 3.3 USD bn in Dec 2020.
- The country's Nominal GDP was reported at 24.6 USD bn in Mar 2022.
View Oman's Current Account Balance from 1974 to 2020 in the chart:
What was Oman's Current Account Balance in 2020?
Oman Current Account recorded a deficit of 8.7 USD bn in Dec 2020, compared with a deficit of 4.3 USD bn in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -8,660.6 2020 | -4,260.1 2019 | -12,538.4 2016 | 8,850.5 2011 | USD mn | yearly | 1974 - 2020 |
Current Account Balance by Country Comparison
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Includes Current Account Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | -221.1 Jun 2022 | quarterly | Mar 1993 - Jun 2022 |
| Algeria (USD mn) | -2,970.0 Dec 2019 | quarterly | Mar 2007 - Dec 2019 |
| Argentina (USD mn) | -1,130.3 Mar 2022 | quarterly | Mar 1976 - Mar 2022 |
| Armenia (USD mn) | -284.2 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
| Australia (USD mn) | 13,083.3 Jun 2022 | quarterly | Sep 1959 - Jun 2022 |
| Austria (USD mn) | 1,310.1 Mar 2022 | quarterly | Mar 1970 - Mar 2022 |
| Azerbaijan (USD mn) | 3,952.8 Mar 2022 | quarterly | Mar 2013 - Mar 2022 |
| Bahrain (USD mn) | 2,027.0 Jun 2022 | quarterly | Mar 2018 - Jun 2022 |
| Bangladesh (USD mn) | -1,246.7 Jun 2022 | monthly | Jul 1997 - Jun 2022 |
| Belarus (USD mn) | -1,247.8 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Belgium (USD mn) | 112.4 Mar 2022 | monthly | Jan 1995 - Mar 2022 |
| Bolivia (USD mn) | 274.4 Mar 2022 | quarterly | Mar 1988 - Mar 2022 |
| Bosnia and Herzegovina (USD mn) | -239.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Botswana (USD mn) | 126.5 Mar 2022 | quarterly | Mar 2004 - Mar 2022 |
| Brazil (USD mn) | -3,506.0 May 2022 | monthly | Jan 1995 - May 2022 |
| Brunei (USD mn) | -615.1 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Bulgaria (USD mn) | 97.4 Jul 2022 | monthly | Jan 1996 - Jul 2022 |
| Cambodia (USD mn) | -2,248.4 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
| Canada (USD mn) | 2,109.1 Jun 2022 | quarterly | Mar 1957 - Jun 2022 |
| Chile (USD mn) | -6,564.4 Jun 2022 | quarterly | Mar 2003 - Jun 2022 |
| China (USD mn) | 80,200.0 Jun 2022 | quarterly | Mar 1998 - Jun 2022 |
| Colombia (USD mn) | -5,039.5 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Croatia (USD mn) | -1,070.2 Jun 2022 | quarterly | Mar 1993 - Jun 2022 |
| Cyprus (USD mn) | -1,192.1 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Czech Republic (USD mn) | -1,937.8 Jun 2022 | monthly | Jan 2003 - Jun 2022 |
| Denmark (USD mn) | 5,417.2 Jul 2022 | monthly | Jan 2005 - Jul 2022 |
| Ecuador (USD mn) | 808.0 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
| Egypt (USD mn) | -5,791.7 Mar 2022 | quarterly | Dec 1993 - Mar 2022 |
| Estonia (USD mn) | -88.1 Jul 2022 | monthly | Jan 1999 - Jul 2022 |
| European Union (USD mn) | -6,677.1 Jun 2022 | quarterly | Mar 1999 - Jun 2022 |
| Finland (USD mn) | -301.0 Jul 2022 | monthly | Jan 1980 - Jul 2022 |
| France (USD mn) | -5,417.5 Jul 2022 | monthly | Jan 1999 - Jul 2022 |
| Georgia (USD mn) | -598.5 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Germany (USD mn) | 13,821.6 Jun 2022 | monthly | Jan 1991 - Jun 2022 |
| Ghana (USD mn) | -690.6 Jun 2022 | quarterly | Mar 2005 - Jun 2022 |
| Greece (USD mn) | -763.9 Jun 2022 | monthly | Jan 2000 - Jun 2022 |
| Hong Kong SAR, China (USD mn) | 10,126.0 Mar 2022 | quarterly | Mar 1999 - Mar 2022 |
| Hungary (USD mn) | -2,268.3 Mar 2022 | quarterly | Dec 1989 - Mar 2022 |
| Iceland (USD mn) | -299.6 Jun 2022 | quarterly | Mar 1976 - Jun 2022 |
| India (USD mn) | -13,403.6 Mar 2022 | quarterly | Jun 1949 - Mar 2022 |
| Indonesia (USD mn) | 3,853.3 Jun 2022 | quarterly | Mar 1981 - Jun 2022 |
| Iran (USD mn) | -707.7 2021 | yearly | 1997 - 2021 |
| Ireland (USD mn) | 16,869.4 Jun 2022 | quarterly | Mar 1981 - Jun 2022 |
| Israel (USD mn) | 4,149.0 Jun 2022 | quarterly | Mar 1992 - Jun 2022 |
| Italy (USD mn) | -1,175.5 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Ivory Coast (USD mn) | -2,749.7 2021 | yearly | 1975 - 2021 |
| Japan (USD mn) | -4,601.0 Jul 2022 | monthly | Jan 1996 - Jul 2022 |
| Jordan (USD mn) | -1,334.0 Mar 2022 | quarterly | Mar 1977 - Mar 2022 |
| Kazakhstan (USD mn) | 4,135.3 Jun 2022 | quarterly | Dec 1997 - Jun 2022 |
| Kenya (USD mn) | -271.0 Mar 2022 | monthly | Jan 2002 - Mar 2022 |
| South Korea (USD mn) | -1,725.8 Jul 2022 | monthly | Jan 1980 - Jul 2022 |
| Kosovo (USD mn) | -332.5 Jun 2022 | quarterly | Mar 2009 - Jun 2022 |
| Kuwait (USD mn) | 13,069.8 Mar 2022 | quarterly | Mar 2012 - Mar 2022 |
| Kyrgyzstan (USD mn) | -1,050.6 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
| Laos (USD mn) | -155.8 Jun 2022 | quarterly | Mar 1994 - Jun 2022 |
| Latvia (USD mn) | -220.6 Jul 2022 | monthly | Jan 2000 - Jul 2022 |
| Lebanon (USD mn) | 55.3 Dec 2021 | monthly | Jan 2002 - Dec 2021 |
| Lithuania (USD mn) | -110.5 May 2022 | monthly | Jan 2001 - May 2022 |
| Luxembourg (USD mn) | 493.4 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Macau SAR, China (USD mn) | 3,878.6 2020 | yearly | 2002 - 2020 |
| North Macedonia (USD mn) | 1.2 Jun 2022 | monthly | Jan 2001 - Jun 2022 |
| Malawi (USD mn) | -1,462.4 2021 | yearly | 1977 - 2021 |
| Malaysia (USD mn) | 1,016.0 Jun 2022 | quarterly | Mar 1999 - Jun 2022 |
| Malta (USD mn) | -19.1 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Mauritius (USD mn) | -340.0 Mar 2022 | quarterly | Mar 2017 - Mar 2022 |
| Mexico (USD mn) | -703.5 Jun 2022 | quarterly | Mar 1980 - Jun 2022 |
| Moldova (USD mn) | -532.4 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
| Mongolia (USD mn) | -217.3 Aug 2022 | monthly | Jan 2009 - Aug 2022 |
| Montenegro (USD mn) | -379.0 Jun 2022 | quarterly | Mar 2004 - Jun 2022 |
| Morocco (USD mn) | -1,733.3 Mar 2022 | quarterly | Mar 2014 - Mar 2022 |
| Mozambique (USD mn) | -229.2 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Myanmar (USD mn) | -624.7 Sep 2021 | quarterly | Mar 1976 - Sep 2021 |
| Nepal (USD mn) | -890.1 Jul 2022 | quarterly | Oct 2002 - Jul 2022 |
| Netherlands (USD mn) | 22,696.3 Mar 2022 | quarterly | Mar 1967 - Mar 2022 |
| New Zealand (USD mn) | -4,629.0 Jun 2022 | quarterly | Jun 1971 - Jun 2022 |
| Nigeria (USD mn) | 2,577.0 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Norway (USD mn) | 29,371.8 Jun 2022 | quarterly | Mar 1981 - Jun 2022 |
| Oman (USD mn) | -8,660.6 2020 | yearly | 1974 - 2020 |
| Pakistan (USD mn) | -4,235.0 Jun 2022 | quarterly | Mar 1976 - Jun 2022 |
| Palestinian Territory (USD mn) | -623.0 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Panama (USD mn) | -292.6 Mar 2022 | quarterly | Mar 1998 - Mar 2022 |
| Paraguay (USD mn) | -790.7 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Peru (USD mn) | -2,848.7 Jun 2022 | quarterly | Mar 1977 - Jun 2022 |
| Philippines (USD mn) | -2,521.4 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
| Poland (USD mn) | -1,771.0 Jul 2022 | monthly | Jan 2000 - Jul 2022 |
| Portugal (USD mn) | -672.5 May 2022 | monthly | Jan 1996 - May 2022 |
| Qatar (USD mn) | 10,266.8 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Romania (USD mn) | -3,263.9 Jul 2022 | monthly | Jun 2002 - Jul 2022 |
| Russia (USD mn) | 16,500.0 Aug 2022 | monthly | Jan 2012 - Aug 2022 |
| Saudi Arabia (USD mn) | 37,410.8 Mar 2022 | quarterly | Mar 2006 - Mar 2022 |
| Serbia (USD mn) | -469.2 Jun 2022 | monthly | Jan 2013 - Jun 2022 |
| Singapore (USD mn) | 19,934.4 Jun 2022 | quarterly | Mar 1986 - Jun 2022 |
| Slovakia (USD mn) | -102.9 May 2022 | monthly | Jan 1997 - May 2022 |
| Slovenia (USD mn) | -103.7 Jul 2022 | monthly | Jan 1994 - Jul 2022 |
| South Africa (USD mn) | -1,388.5 Jun 2022 | quarterly | Mar 1960 - Jun 2022 |
| Spain (USD mn) | 46.5 Jun 2022 | monthly | Jan 1990 - Jun 2022 |
| Sri Lanka (USD mn) | -1,331.3 Mar 2022 | quarterly | Mar 1977 - Mar 2022 |
| Sudan (USD mn) | -169.4 Jun 2022 | quarterly | Mar 1977 - Jun 2022 |
| Sweden (USD mn) | 3,657.2 Jun 2022 | quarterly | Mar 1975 - Jun 2022 |
| Switzerland (USD mn) | 20,622.0 Mar 2022 | quarterly | Mar 1983 - Mar 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.3 Mar 2022 | quarterly | Dec 2005 - Mar 2022 |
| Consolidated Fiscal Balance (USD mn) | -164.369 May 2022 | monthly | Jun 2003 - May 2022 |
| Tax Revenue (USD mn) | 2,686.514 2020 | yearly | 1996 - 2020 |
| Tax Revenue: % of GDP (%) | 3.6 2020 | yearly | 1996 - 2020 |
| National Government Debt (USD mn) | 48,780.2 2020 | yearly | 1990 - 2020 |
| Government Debt: % of GDP (%) | 65.9 2020 | yearly | 1990 - 2020 |
| Forecast: Government Expenditure (OMR bn) | 12.242 2027 | yearly | 1990 - 2027 |
| Forecast: Government Net Debt (OMR bn) | 8.521 2027 | yearly | 1990 - 2027 |
| Forecast: Government Revenue (OMR bn) | 13.797 2027 | yearly | 1990 - 2027 |
| Government Surplus or Deficit: Fiscal (OMR mn) | -63.200 May 2022 | monthly | Jun 2003 - May 2022 |
| Government Surplus or Deficit: Remaining (OMR mn) | 384.800 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Government Revenue: Corporate Income Tax (OMR mn) | 79.600 May 2022 | monthly | Jan 2006 - May 2022 |
| Government Financing (OMR mn) | 724.500 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Government Expenditure (OMR mn) | 845.000 May 2022 | monthly | Jun 2003 - May 2022 |
| Government Expenditure: Investment (OMR mn) | 62.800 May 2022 | monthly | Jun 2003 - May 2022 |
| Government Revenue (OMR mn) | 781.800 May 2022 | monthly | Jun 2003 - May 2022 |
| Government Expenditure: Current (OMR mn) | 624.900 May 2022 | monthly | Jun 2003 - May 2022 |
| Government Debt (OMR mn) | 18,756.000 2020 | yearly | 2001 - 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 0.976 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 1,895.7 Mar 2022 | monthly | Jan 1975 - Mar 2022 |
| Total Exports (USD mn) | 5,311.3 Mar 2022 | monthly | Mar 2003 - Mar 2022 |
| Total Exports Growth (%) | 51.4 Mar 2022 | monthly | Mar 2004 - Mar 2022 |
| Aluminum: Exports (USD th) | 1,164,133.230 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 106,100.098 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 6,761.388 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 3,415.6 Mar 2022 | monthly | Jan 1975 - Mar 2022 |
| Total Imports Growth (%) | 17.5 Mar 2022 | monthly | Jan 1976 - Mar 2022 |
| Imports: Medicament (USD th) | 208,951.071 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 74,408.950 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 192.039 May 2022 | monthly | Oct 1986 - May 2022 |
| Total Imports from USA (USD mn) | 94.459 Jun 2022 | monthly | Jan 1981 - Jun 2022 |
| Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
| Total Imports from China (USD mn) | 232.250 Jun 2022 | monthly | Jun 1984 - Jun 2022 |
| Exports: Oil and Gas (OMR mn) | 1,239.300 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Exports (OMR mn) | 2,042.200 Mar 2022 | monthly | Jan 1974 - Mar 2022 |
| Exports: Non Oil: India (OMR mn) | 70.100 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Re-Exports (OMR mn) | 106.200 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Exports: Non Oil: China (OMR mn) | 36.000 Jan 2022 | monthly | Oct 2006 - Jan 2022 |
| Exports: Non Oil (OMR mn) | 696.700 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Exports: Non Oil: Saudi Arabia (OMR mn) | 53.800 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: Chemical Products (OMR mn) | 139.400 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) | 163.700 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: Mineral Products (OMR mn) | 404.300 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: Transport Equipment (OMR mn) | 102.700 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: United Arab Emirates (OMR mn) | 382.400 Mar 2022 | monthly | Jan 2006 - Mar 2022 |
| Imports: India (OMR mn) | 163.400 Mar 2022 | monthly | Feb 2006 - Mar 2022 |
| Imports: United States (OMR mn) | 18.700 Mar 2020 | monthly | Jan 2006 - Mar 2020 |
| Imports: Saudi Arabia (OMR mn) | 153.300 Mar 2022 | monthly | Jan 2011 - Mar 2022 |
| Imports: Japan (OMR mn) | 35.200 Dec 2017 | monthly | Jan 2006 - Dec 2017 |
| Imports (OMR mn) | 1,313.300 Mar 2022 | monthly | Jan 1975 - Mar 2022 |
| Exports: Crude Oil: India (Barrel th) | 3,580.200 Jun 2022 | monthly | Nov 2010 - Jun 2022 |
| Exports: Crude Oil: Japan (Barrel th) | 1,001.900 Jun 2022 | monthly | Feb 2006 - Jun 2022 |
| Exports: Crude Oil (Barrel th) | 26,582.100 Jun 2022 | monthly | Feb 2006 - Jun 2022 |
| Exports: Crude Oil: China (Barrel th) | 17,126.700 Jun 2022 | monthly | Feb 2006 - Jun 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.3 Mar 2022 | quarterly | Jun 2008 - Mar 2022 |
| Non-Performing Loans (USD mn) | 447.594 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Money Supply M1 (USD mn) | 15,774.252 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
| Money Supply M2 (USD mn) | 54,010.663 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
| M2 Growth (%) | 3.3 Jun 2022 | monthly | Jan 2000 - Jun 2022 |
| Reserve Requirement Ratio (%) | 5.0 Aug 2022 | monthly | Jun 2006 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 15,510.0 Jun 2022 | monthly | Apr 1970 - Jun 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 19.495 Mar 2022 | quarterly | Dec 2005 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.2 Mar 2022 | monthly | Jan 1975 - Mar 2022 |
| Gold Reserves (USD mn) | 1.560 Jun 2022 | monthly | Dec 1969 - Jun 2022 |
| Total Deposits (USD mn) | 55,415.191 May 2022 | monthly | Jan 2000 - May 2022 |
| Total Deposits Growth (%) | 3.9 Jun 2022 | monthly | Jan 2001 - Jun 2022 |
| Domestic Credit (USD mn) | 66,513.1 Jun 2022 | monthly | Dec 1999 - Jun 2022 |
| Domestic Credit Growth (%) | 4.1 Jun 2022 | monthly | Dec 2000 - Jun 2022 |
| Total Loans (USD mn) | 60,539.142 Jun 2022 | monthly | Dec 1998 - Jun 2022 |
| Total Loans Growth (%) | 2.59 Jun 2022 | monthly | Dec 1999 - Jun 2022 |
| Private Debt: % of Nominal GDP (%) | 54.92 Mar 2022 | quarterly | Dec 2005 - Mar 2022 |
| Domestic Assets (OMR mn) | 16,836.400 Jun 2022 | monthly | Dec 1999 - Jun 2022 |
| Money Supply: Quasi Money (OMR mn) | 14,701.900 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
| Money Supply (OMR mn) | 20,767.100 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
| Deposits: Private Sector (OMR mn) | 14,471.000 Jun 2022 | monthly | Jan 1999 - Jun 2022 |
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Balance of Payments
Balance of Payments: Capital and Financial Account
BPM5: Balance of Payments
BPM6: Balance of Payments: Detailed Presentation: Annual
Company Statistics
External Debt: Net Flows and Net Transfers
Foreign Direct Investment by Industry
Number of Projects: Oman Development Bank
Number of Registered Industrial Establishments