Oman Current Account Balance
Oman Current Account recorded a deficit of 4.1 USD bn in Dec 2019, 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 2019, with an averaged value of 304.1 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 3.4 USD bn in Dec 2019. Oman Direct Investment Abroad expanded by 626.8 USD mn in Dec 2019. Its Foreign Portfolio Investment increased by 3.1 USD bn in Dec 2019. The country's Nominal GDP was reported at 14.3 USD bn in Jun 2020.
View Oman's Current Account Balance from 1974 to 2019 in the chart:
What was Oman's Current Account Balance in 2019?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -4,140.4 2019 | -4,286.1 2018 | -12,538.4 2016 | 8,850.5 2011 | USD mn | yearly | 1974 - 2019 |
Current Account Balance by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | -226.3 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
| Algeria (USD mn) | -4,010.0 Jun 2019 | quarterly | Mar 2007 - Jun 2019 |
| Argentina (USD mn) | 1,162.8 Sep 2020 | quarterly | Mar 1976 - Sep 2020 |
| Armenia (USD mn) | -143.6 Jun 2020 | quarterly | Mar 1993 - Jun 2020 |
| Australia (USD mn) | 7,171.9 Sep 2020 | quarterly | Sep 1959 - Sep 2020 |
| Austria (USD mn) | 3,901.7 Sep 2020 | quarterly | Mar 1970 - Sep 2020 |
| Azerbaijan (USD mn) | -806.5 Sep 2020 | quarterly | Mar 2013 - Sep 2020 |
| Bahrain (USD mn) | -794.0 2019 | yearly | 1975 - 2019 |
| Bangladesh (USD mn) | 224.0 Sep 2020 | monthly | Jul 1997 - Sep 2020 |
| Belarus (USD mn) | 608.8 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -10.4 Jun 2020 | quarterly | Dec 2005 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -1,960.468 Jul 2020 | monthly | Jun 2003 - Jul 2020 |
| Tax Revenue (USD mn) | 3,121.711 2019 | yearly | 1996 - 2019 |
| Tax Revenue: % of GDP (%) | 4.1 2019 | yearly | 1996 - 2019 |
| National Government Debt (USD mn) | 42,581.5 2019 | yearly | 1990 - 2019 |
| Government Debt: % of GDP (%) | 55.8 2019 | yearly | 1990 - 2019 |
| Forecast: Government Expenditure (OMR bn) | 13.997 2025 | yearly | 1990 - 2025 |
| Forecast: Government Net Debt (OMR bn) | 32.239 2025 | yearly | 1990 - 2025 |
| Forecast: Government Revenue (OMR bn) | 11.252 2025 | yearly | 1990 - 2025 |
| Government Revenue (OMR mn) | 365.600 Aug 2020 | monthly | Jun 2003 - Aug 2020 |
| Government Expenditure: Current (OMR mn) | 603.700 Aug 2020 | monthly | Jun 2003 - Aug 2020 |
| Government Expenditure: Investment (OMR mn) | 154.900 Jun 2020 | monthly | Jun 2003 - Jun 2020 |
| Government Financing (OMR mn) | 11.000 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
| Government Surplus or Deficit: Fiscal (OMR mn) | -753.800 Jul 2020 | monthly | Jun 2003 - Jul 2020 |
| Government Surplus or Deficit: Remaining (OMR mn) | -658.100 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
| Government Revenue: Corporate Income Tax (OMR mn) | 2.200 Jun 2020 | monthly | Jan 2006 - Jun 2020 |
| Government Expenditure (OMR mn) | 1,082.100 Jul 2020 | monthly | Jun 2003 - Jul 2020 |
| Government Revenue: Non Oil (OMR mn) | 2,589.681 2019 | yearly | 1990 - 2019 |
| Government Debt (OMR mn) | 16,372.600 2019 | yearly | 2001 - 2019 |
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