Oman Current Account Balance
1974 - 2019 | Yearly | USD mn | CEIC Data
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 17.3 USD bn in Dec 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) | -372.6 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Algeria (USD mn) | -2,970.0 Dec 2019 | quarterly | Mar 2007 - Dec 2019 |
| Argentina (USD mn) | 690.2 Mar 2021 | quarterly | Mar 1976 - Mar 2021 |
| Armenia (USD mn) | 51.7 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Australia (USD mn) | 14,132.1 Mar 2021 | quarterly | Sep 1959 - Mar 2021 |
| Austria (USD mn) | -977.8 Mar 2021 | quarterly | Mar 1970 - Mar 2021 |
| Azerbaijan (USD mn) | -19.3 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bahrain (USD mn) | -663.4 Dec 2020 | quarterly | Mar 2018 - Dec 2020 |
| Bangladesh (USD mn) | -1,227.0 Mar 2021 | monthly | Jul 1997 - Mar 2021 |
| Belarus (USD mn) | -956.4 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Belgium (USD mn) | 1,580.6 Mar 2021 | monthly | Jan 1995 - Mar 2021 |
| Bolivia (USD mn) | 179.0 Mar 2021 | quarterly | Mar 1988 - Mar 2021 |
| Bosnia and Herzegovina (USD mn) | -70.2 Mar 2021 | quarterly | Mar 2001 - Mar 2021 |
| Botswana (USD mn) | -339.4 Dec 2020 | quarterly | Mar 2004 - Dec 2020 |
| Brazil (USD mn) | 3,840.4 May 2021 | monthly | Jan 1995 - May 2021 |
| Brunei (USD mn) | -615.1 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Bulgaria (USD mn) | -120.2 May 2021 | monthly | Jan 1996 - May 2021 |
| Cambodia (USD mn) | -1,954.0 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Canada (USD mn) | 935.0 Mar 2021 | quarterly | Mar 1957 - Mar 2021 |
| Chile (USD mn) | 503.2 Dec 2020 | quarterly | Mar 2003 - Dec 2020 |
| China (USD mn) | 69,446.4 Mar 2021 | quarterly | Mar 1998 - Mar 2021 |
| Colombia (USD mn) | -3,633.3 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Croatia (USD mn) | -446.5 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Cyprus (USD mn) | -1,111.6 Mar 2021 | quarterly | Mar 2001 - Mar 2021 |
| Czech Republic (USD mn) | 342.6 May 2021 | monthly | Jan 2003 - May 2021 |
| Denmark (USD mn) | 2,964.2 May 2021 | monthly | Jan 2005 - May 2021 |
| Ecuador (USD mn) | 726.8 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Egypt (USD mn) | -4,849.3 Dec 2020 | quarterly | Dec 1993 - Dec 2020 |
| Estonia (USD mn) | -82.7 May 2021 | monthly | Jan 1999 - May 2021 |
| European Union (USD mn) | 121,257.5 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Finland (USD mn) | 308.5 May 2021 | monthly | Jan 1980 - May 2021 |
| France (USD mn) | -2,779.0 May 2021 | monthly | Jan 1999 - May 2021 |
| Georgia (USD mn) | -364.3 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Germany (USD mn) | 28,928.8 Feb 2021 | monthly | Jan 1991 - Feb 2021 |
| Ghana (USD mn) | -709.3 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Greece (USD mn) | -2,487.6 Apr 2021 | monthly | Jan 2000 - Apr 2021 |
| Hong Kong SAR, China (USD mn) | 7,714.4 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Hungary (USD mn) | 701.5 Mar 2021 | quarterly | Dec 1989 - Mar 2021 |
| Iceland (USD mn) | -211.4 Mar 2021 | quarterly | Mar 1976 - Mar 2021 |
| India (USD mn) | -8,134.8 Mar 2021 | quarterly | Jun 1949 - Mar 2021 |
| Indonesia (USD mn) | -996.8 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Iran (USD mn) | 3,754.0 2020 | yearly | 1997 - 2020 |
| Ireland (USD mn) | 22,956.3 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Israel (USD mn) | 5,105.7 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Italy (USD mn) | 3,689.0 Mar 2021 | monthly | Jan 1970 - Mar 2021 |
| Ivory Coast (USD mn) | -1,348.7 2019 | yearly | 1975 - 2019 |
| Japan (USD mn) | 17,106.0 May 2021 | monthly | Jan 1996 - May 2021 |
| Jordan (USD mn) | -1,583.4 Mar 2021 | quarterly | Mar 1977 - Mar 2021 |
| Kazakhstan (USD mn) | -1,530.6 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Kenya (USD mn) | -415.0 Sep 2020 | monthly | Jan 2002 - Sep 2020 |
| South Korea (USD mn) | 9,261.4 Feb 2021 | monthly | Jan 1980 - Feb 2021 |
| Kosovo (USD mn) | -185.7 Mar 2021 | quarterly | Mar 2009 - Mar 2021 |
| Kuwait (USD mn) | 8,084.3 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
| Kyrgyzstan (USD mn) | -83.5 Mar 2021 | quarterly | Mar 1993 - Mar 2021 |
| Laos (USD mn) | 70.2 Mar 2021 | quarterly | Mar 1994 - Mar 2021 |
| Latvia (USD mn) | -66.8 May 2021 | monthly | Jan 2000 - May 2021 |
| Lebanon (USD mn) | -133.4 Sep 2020 | monthly | Jan 2002 - Sep 2020 |
| Lithuania (USD mn) | -19.3 May 2021 | monthly | Jan 2001 - May 2021 |
| Luxembourg (USD mn) | 424.6 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Macau SAR, China (USD mn) | 18,555.8 2019 | yearly | 2002 - 2019 |
| North Macedonia (USD mn) | -19.5 Mar 2021 | monthly | Jan 2001 - Mar 2021 |
| Malawi (USD mn) | -1,220.2 2019 | yearly | 1977 - 2019 |
| Malaysia (USD mn) | 3,025.8 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Malta (USD mn) | -51.4 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Mauritius (USD mn) | -430.0 Mar 2021 | quarterly | Mar 2017 - Mar 2021 |
| Mexico (USD mn) | -5,135.4 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
| Moldova (USD mn) | -230.8 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Mongolia (USD mn) | -143.5 May 2021 | monthly | Jan 2009 - May 2021 |
| Montenegro (USD mn) | -193.4 Mar 2021 | quarterly | Mar 2004 - Mar 2021 |
| Morocco (USD mn) | 128.7 Dec 2020 | quarterly | Mar 2014 - Dec 2020 |
| Mozambique (USD mn) | -731.5 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Myanmar (USD mn) | -198.4 Sep 2020 | quarterly | Mar 1976 - Sep 2020 |
| Nepal (USD mn) | -1,775.6 Apr 2021 | quarterly | Oct 2002 - Apr 2021 |
| Netherlands (USD mn) | 27,258.2 Mar 2021 | quarterly | Mar 1967 - Mar 2021 |
| New Zealand (USD mn) | -3,612.5 Mar 2021 | quarterly | Jun 1971 - Mar 2021 |
| Nigeria (USD mn) | -3,337.9 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
| Norway (USD mn) | 11,080.9 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Oman (USD mn) | -4,140.4 2019 | yearly | 1974 - 2019 |
| Pakistan (USD mn) | -2,482.0 Jun 2021 | quarterly | Mar 1976 - Jun 2021 |
| Palestinian Territory (USD mn) | -291.8 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Panama (USD mn) | 450.0 Dec 2020 | quarterly | Mar 1998 - Dec 2020 |
| Paraguay (USD mn) | 209.8 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Peru (USD mn) | -1,816.2 Mar 2021 | quarterly | Mar 1977 - Mar 2021 |
| Philippines (USD mn) | -380.3 Mar 2021 | monthly | Jan 1999 - Mar 2021 |
| Poland (USD mn) | 75.0 May 2021 | monthly | Jan 2000 - May 2021 |
| Portugal (USD mn) | -461.8 Apr 2021 | monthly | Jan 1996 - Apr 2021 |
| Qatar (USD mn) | 75.8 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Romania (USD mn) | -2,004.1 Apr 2021 | monthly | Jun 2002 - Apr 2021 |
| Russia (USD mn) | 3,700.0 Mar 2021 | monthly | Jan 2012 - Mar 2021 |
| Saudi Arabia (USD mn) | 2,317.5 Dec 2020 | quarterly | Mar 2006 - Dec 2020 |
| Serbia (USD mn) | -58.7 Feb 2021 | monthly | Jan 2013 - Feb 2021 |
| Singapore (USD mn) | 18,489.2 Mar 2021 | quarterly | Mar 1986 - Mar 2021 |
| Slovakia (USD mn) | -88.9 Apr 2021 | monthly | Jan 1997 - Apr 2021 |
| Slovenia (USD mn) | 173.4 May 2021 | monthly | Jan 1994 - May 2021 |
| South Africa (USD mn) | 4,467.5 Mar 2021 | quarterly | Mar 1960 - Mar 2021 |
| Spain (USD mn) | 476.2 Apr 2021 | monthly | Jan 1990 - Apr 2021 |
| Sri Lanka (USD mn) | -630.3 Mar 2021 | quarterly | Mar 1977 - Mar 2021 |
| Sudan (USD mn) | -2,249.5 Dec 2020 | quarterly | Mar 1977 - Dec 2020 |
| Sweden (USD mn) | 9,331.2 Mar 2021 | quarterly | Mar 1975 - Mar 2021 |
| Switzerland (USD mn) | 17,604.7 Mar 2021 | quarterly | Mar 1983 - Mar 2021 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -13.8 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
| Consolidated Fiscal Balance (USD mn) | -883.485 Nov 2020 | monthly | Jun 2003 - Nov 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) | 11.882 2026 | yearly | 1990 - 2026 |
| Forecast: Government Net Debt (OMR bn) | 19.727 2026 | yearly | 1990 - 2026 |
| Forecast: Government Revenue (OMR bn) | 11.967 2026 | yearly | 1990 - 2026 |
| Government Revenue: Corporate Income Tax (OMR mn) | 15.100 Mar 2021 | monthly | Jan 2006 - Mar 2021 |
| Government Expenditure: Investment (OMR mn) | 78.100 Apr 2021 | monthly | Jun 2003 - Apr 2021 |
| Government Revenue (OMR mn) | 950.800 Apr 2021 | monthly | Jun 2003 - Apr 2021 |
| Government Surplus or Deficit: Fiscal (OMR mn) | -76.000 Apr 2021 | monthly | Jun 2003 - Apr 2021 |
| Government Expenditure: Current (OMR mn) | 740.700 Apr 2021 | monthly | Jun 2003 - Apr 2021 |
| Government Expenditure (OMR mn) | 1,026.700 Apr 2021 | monthly | Jun 2003 - Apr 2021 |
| Government Financing (OMR mn) | 724.500 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Government Surplus or Deficit: Remaining (OMR mn) | 384.800 Nov 2020 | monthly | Jan 2006 - Nov 2020 |
| Government Debt (OMR mn) | 16,372.600 2019 | yearly | 2001 - 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.986 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | 393.8 Feb 2021 | monthly | Jan 1975 - Feb 2021 |
| Total Exports (USD mn) | 2,662.9 Feb 2021 | monthly | Mar 2003 - Feb 2021 |
| Total Exports Growth (%) | -14.5 Feb 2021 | monthly | Mar 2004 - Feb 2021 |
| Aluminum: Exports (USD th) | 608,968.066 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 80,253.436 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 4,663.564 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 2,269.2 Feb 2021 | monthly | Jan 1975 - Feb 2021 |
| Total Imports Growth (%) | 36.0 Feb 2021 | monthly | Jan 1976 - Feb 2021 |
| Imports: Medicament (USD th) | 223,623.077 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 76,158.372 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 35.497 Oct 2020 | monthly | Oct 1986 - Oct 2020 |
| Total Imports from USA (USD mn) | 24.467 Jan 2021 | monthly | Jan 1981 - Jan 2021 |
| Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
| Total Imports from China (USD mn) | 227.568 Dec 2020 | monthly | Jun 1984 - Dec 2020 |
| Exports: Crude Oil: India (Barrel th) | 2,507.800 Apr 2021 | monthly | Nov 2010 - Apr 2021 |
| Exports: Crude Oil: Japan (Barrel th) | 501.000 Apr 2021 | monthly | Feb 2006 - Apr 2021 |
| Exports: Crude Oil (Barrel th) | 24,163.100 Apr 2021 | monthly | Feb 2006 - Apr 2021 |
| Exports: Crude Oil: China (Barrel th) | 20,530.100 Apr 2021 | monthly | Feb 2006 - Apr 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.2 Dec 2020 | quarterly | Jun 2008 - Dec 2020 |
| Non-Performing Loans (USD mn) | 450.455 Mar 2021 | quarterly | Mar 2008 - Mar 2021 |
| Money Supply M1 (USD mn) | 15,093.888 May 2021 | monthly | Jan 1999 - May 2021 |
| Money Supply M2 (USD mn) | 52,741.222 May 2021 | monthly | Jan 1999 - May 2021 |
| M2 Growth (%) | 6.5 May 2021 | monthly | Jan 2000 - May 2021 |
| Reserve Requirement Ratio (%) | 5.0 Apr 2021 | monthly | Jun 2006 - Apr 2021 |
| Foreign Exchange Reserves (USD mn) | 17,733.2 May 2021 | monthly | Apr 1970 - May 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 22.701 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.7 Feb 2021 | monthly | Jan 1975 - Feb 2021 |
| Gold Reserves (USD mn) | 1.821 May 2021 | monthly | Dec 1969 - May 2021 |
| Total Deposits (USD mn) | 54,582.182 May 2021 | monthly | Jan 2000 - May 2021 |
| Total Deposits Growth (%) | 4.1 Feb 2021 | monthly | Jan 2001 - Feb 2021 |
| Domestic Credit (USD mn) | 63,369.3 May 2021 | monthly | Dec 1999 - May 2021 |
| Domestic Credit Growth (%) | 9.0 May 2021 | monthly | Dec 2000 - May 2021 |
| Total Loans (USD mn) | 58,585.436 Feb 2021 | monthly | Dec 1998 - Feb 2021 |
| Total Loans Growth (%) | 1.54 Mar 2021 | monthly | Dec 1999 - Mar 2021 |
| Private Debt: % of Nominal GDP (%) | 76.19 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
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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 Enterprises (Discontinued)
Balance of Payments
Balance of Payments: Current Account
BPM6: Balance of Payments: Analytical Presentation: Annual
Businesses Registered Statistics
Current Account as % of GDP
Foreign Direct Investment by Country of Origin
Industrial Establishments
Number of Registered Enterprises
Number of Registered Industrial Establishments