Oman Current Account Balance
Key information about Oman Current Account Balance
- Oman Current Account recorded a surplus of 5.8 USD bn in Dec 2022, compared with a deficit of 4.8 USD bn in the previous year.
- Oman Current Account Balance: USD mn data is updated yearly, available from Dec 1974 to Dec 2022, 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 based on BPM6. The International Monetary Fund average market exchange rate is used for currency conversions. Current Account Balance prior to 2017 is based on BPM5. Current Account Balance prior to 1996 is sourced from the International Monetary Fund.
- Foreign Direct Investment (FDI) increased by 5.5 USD bn in Dec 2022.
- Oman Direct Investment Abroad expanded by 944.1 USD mn in Dec 2022.
- Its Foreign Portfolio Investment fell by 2.1 USD bn in Dec 2022.
- The country's Nominal GDP was reported at 27.1 USD bn in Mar 2023.
View Oman's Current Account Balance from 1974 to 2022 in the chart:
What was Oman's Current Account Balance in 2022?
Oman Current Account recorded a surplus of 5.8 USD bn in Dec 2022, compared with a deficit of 4.8 USD bn in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
5,752.9 2022 | -4,782.8 2021 | -12,538.4 2016 | 8,850.5 2011 | USD mn | yearly | 1974 - 2022 |
Current Account Balance by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (USD mn) | -145.1 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Algeria (USD mn) | -2,970.0 Dec 2019 | quarterly | Mar 2007 - Dec 2019 |
Argentina (USD mn) | -6,102.7 Sep 2023 | quarterly | Mar 1976 - Sep 2023 |
Armenia (USD mn) | -54.3 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Australia (USD mn) | 7,685.3 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (USD mn) | 5,171.8 Mar 2023 | quarterly | Mar 1970 - Mar 2023 |
Azerbaijan (USD mn) | 5,767.5 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
Bahrain (USD mn) | 569.0 Jun 2023 | quarterly | Mar 2018 - Jun 2023 |
Bangladesh (USD mn) | 1,520.3 Dec 2023 | monthly | Jul 1997 - Dec 2023 |
Belarus (USD mn) | -1,726.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Belgium (USD mn) | -1,705.2 Dec 2022 | monthly | Jan 1995 - Dec 2022 |
Bolivia (USD mn) | -268.2 Sep 2023 | quarterly | Mar 1988 - Sep 2023 |
Bosnia and Herzegovina (USD mn) | -158.3 Sep 2023 | quarterly | Mar 2001 - Sep 2023 |
Botswana (USD mn) | -44.3 Dec 2022 | quarterly | Mar 2004 - Dec 2022 |
Brazil (USD mn) | -5,833.8 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Brunei (USD mn) | -615.1 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
Bulgaria (USD mn) | 351.4 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Cambodia (USD mn) | 360.5 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Canada (USD mn) | -4,560.8 Mar 2023 | quarterly | Mar 1957 - Mar 2023 |
Chile (USD mn) | -4,494.9 Sep 2023 | quarterly | Mar 2003 - Sep 2023 |
China (USD mn) | 55,200.0 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (USD mn) | -2,293.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (USD mn) | -1,465.3 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Cyprus (USD mn) | -178.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Czech Republic (USD mn) | 782.0 Apr 2023 | monthly | Jan 2003 - Apr 2023 |
Denmark (USD mn) | 5,296.0 Apr 2023 | monthly | Jan 2005 - Apr 2023 |
Ecuador (USD mn) | 624.2 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Egypt (USD mn) | -2,807.0 Sep 2023 | quarterly | Dec 1993 - Sep 2023 |
Estonia (USD mn) | 94.3 Apr 2023 | monthly | Jan 1999 - Apr 2023 |
European Union (USD mn) | 119,182.8 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (USD mn) | -1,912.9 Apr 2023 | monthly | Jan 1980 - Apr 2023 |
France (USD mn) | -754.9 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Georgia (USD mn) | -200.5 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Germany (USD mn) | 26,105.2 Dec 2023 | monthly | Jan 1991 - Dec 2023 |
Ghana (USD mn) | 175.7 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Greece (USD mn) | -2,452.3 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Hong Kong SAR, China (USD mn) | 13,868.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Hungary (USD mn) | 95.8 Sep 2023 | quarterly | Dec 1989 - Sep 2023 |
Iceland (USD mn) | -71.2 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
India (USD mn) | -9,195.5 Jun 2023 | quarterly | Jun 1949 - Jun 2023 |
Indonesia (USD mn) | -1,290.4 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Iran (USD mn) | 14,204.8 2023 | yearly | 1997 - 2023 |
Ireland (USD mn) | 14,845.9 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Israel (USD mn) | 5,774.2 Sep 2023 | quarterly | Mar 1992 - Sep 2023 |
Italy (USD mn) | -1,662.6 Apr 2023 | monthly | Jan 1970 - Apr 2023 |
Ivory Coast (USD mn) | -4,350.1 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (USD mn) | -1,007.6 Mar 2023 | quarterly | Mar 1977 - Mar 2023 |
Kazakhstan (USD mn) | -3,270.2 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (USD mn) | -288.0 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
South Korea (USD mn) | 5,518.8 Dec 2023 | monthly | Jan 1980 - Dec 2023 |
Kosovo (USD mn) | 242.9 Sep 2023 | quarterly | Mar 2009 - Sep 2023 |
Kuwait (USD mn) | 15,358.8 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (USD mn) | -1,294.6 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Laos (USD mn) | 67.0 Jun 2023 | quarterly | Mar 1994 - Jun 2023 |
Latvia (USD mn) | 23.0 Apr 2023 | monthly | Jan 2000 - Apr 2023 |
Lebanon (USD mn) | -28.3 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
Lithuania (USD mn) | 686.5 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
Luxembourg (USD mn) | 2,904.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Macau SAR, China (USD mn) | 2,782.4 2022 | yearly | 2002 - 2022 |
North Macedonia (USD mn) | 108.9 Mar 2023 | monthly | Jan 2001 - Mar 2023 |
Malawi (USD mn) | -1,752.1 2021 | yearly | 1977 - 2021 |
Malaysia (USD mn) | 54.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Malta (USD mn) | -4.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Mauritius (USD mn) | -183.0 Sep 2023 | quarterly | Mar 2017 - Sep 2023 |
Mexico (USD mn) | -14,282.0 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
Moldova (USD mn) | -599.2 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Mongolia (USD mn) | -309.6 Jan 2024 | monthly | Jan 2009 - Jan 2024 |
Montenegro (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Morocco (USD mn) | 104.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Mozambique (USD mn) | -505.6 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Myanmar (USD mn) | -256.1 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Nepal (USD mn) | 769.7 Jan 2024 | quarterly | Oct 2000 - Jan 2024 |
Netherlands (USD mn) | 27,762.5 Mar 2023 | quarterly | Mar 1967 - Mar 2023 |
New Zealand (USD mn) | -5,231.7 Mar 2023 | quarterly | Jun 1971 - Mar 2023 |
Nigeria (USD mn) | 2,348.3 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Norway (USD mn) | 27,310.5 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Oman (USD mn) | 5,752.9 2022 | yearly | 1974 - 2022 |
Pakistan (USD mn) | 198.0 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
Palestinian Territory (USD mn) | -529.4 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Panama (USD mn) | -5,854.6 Sep 2023 | quarterly | Mar 1998 - Sep 2023 |
Paraguay (USD mn) | -57.1 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Peru (USD mn) | 1,633.8 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
Philippines (USD mn) | -601.3 Sep 2023 | monthly | Jan 1999 - Sep 2023 |
Poland (USD mn) | -25.0 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Portugal (USD mn) | -238.7 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
Qatar (USD mn) | 9,392.9 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Romania (USD mn) | -2,234.1 Nov 2023 | monthly | Jun 2002 - Nov 2023 |
Russia (USD mn) | 600.0 Dec 2023 | monthly | Jan 2012 - Dec 2023 |
Saudi Arabia (USD mn) | 4,623.3 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Serbia (USD mn) | -145.1 Nov 2023 | monthly | Jan 2013 - Nov 2023 |
Singapore (USD mn) | 25,500.6 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (USD mn) | -862.3 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Slovenia (USD mn) | 359.8 Apr 2023 | monthly | Jan 1994 - Apr 2023 |
South Africa (USD mn) | -932.5 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
Spain (USD mn) | 1,168.4 Dec 2023 | monthly | Jan 1990 - Dec 2023 |
Sri Lanka (USD mn) | 639.0 Sep 2023 | quarterly | Mar 1977 - Sep 2023 |
Sudan (USD mn) | -1,752.8 Dec 2022 | quarterly | Mar 1977 - Dec 2022 |
Sweden (USD mn) | 6,535.4 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
Switzerland (USD mn) | 17,338.7 Mar 2023 | quarterly | Mar 1983 - Mar 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | 2.2 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
Consolidated Fiscal Balance (USD mn) | 104.031 Oct 2023 | monthly | Jun 2003 - Oct 2023 |
Tax Revenue (USD mn) | 3,304.518 2021 | yearly | 1996 - 2021 |
Tax Revenue: % of GDP (%) | 3.8 2021 | yearly | 1996 - 2021 |
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) | 29.000 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Government Expenditure: Current (OMR mn) | 695.000 Oct 2023 | monthly | Jun 2003 - Oct 2023 |
Government Financing (OMR mn) | 4.000 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Government Expenditure: Investment (OMR mn) | 99.000 Oct 2023 | monthly | Jun 2003 - Oct 2023 |
Government Surplus or Deficit: Fiscal (OMR mn) | 40.000 Oct 2023 | monthly | Jun 2003 - Oct 2023 |
Government Expenditure (OMR mn) | 874.000 Oct 2023 | monthly | Jun 2003 - Oct 2023 |
Government Surplus or Deficit: Remaining (OMR mn) | 44.000 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Government Revenue (OMR mn) | 914.000 Oct 2023 | monthly | Jun 2003 - Oct 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) | 1,909.0 Oct 2023 | monthly | Jan 1975 - Oct 2023 |
Total Exports (USD mn) | 5,342.0 Dec 2023 | monthly | Mar 2003 - Dec 2023 |
Total Exports Growth (%) | -2.6 Dec 2023 | monthly | Mar 2004 - Dec 2023 |
Aluminum: Exports (USD th) | 2,202,640.622 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) | 3,563.1 Oct 2023 | monthly | Jan 1975 - Oct 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) | 43.278 Nov 2023 | monthly | Oct 1986 - Nov 2023 |
Total Imports from USA (USD mn) | 47.101 Nov 2023 | monthly | Jan 1981 - Nov 2023 |
Total Exports to China (USD mn) | 47.074 Jun 2017 | monthly | Nov 2009 - Jun 2017 |
Total Imports from China (USD mn) | 283.485 Dec 2023 | monthly | Jun 1984 - Dec 2023 |
Exports: Oil and Gas: Crude Oil (OMR mn) | 929.000 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Exports: Oil and Gas (OMR mn) | 1,235.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil: Mineral Products (OMR mn) | 324.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil: Chemical Products (OMR mn) | 71.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Oil and Gas: Liquefied Natural Gas (OMR mn) | 256.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil: India (OMR mn) | 77.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Re-Exports (OMR mn) | 144.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil (OMR mn) | 675.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil: Saudi Arabia (OMR mn) | 67.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Exports: Non Oil: United Arab Emirates (OMR mn) | 77.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: Electrical Machinery, Mechanical Equipment and Parts (OMR mn) | 208.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: Chemical Products (OMR mn) | 208.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: Mineral Products (OMR mn) | 354.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: Transport Equipment (OMR mn) | 139.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: United Arab Emirates (OMR mn) | 298.000 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
Imports: India (OMR mn) | 100.000 Dec 2023 | monthly | Feb 2006 - Dec 2023 |
Imports: Saudi Arabia (OMR mn) | 108.000 Nov 2023 | monthly | Jan 2011 - Nov 2023 |
Exports: Crude Oil: India (Barrel th) | 0.000 Jan 2024 | monthly | Nov 2010 - Jan 2024 |
Exports: Crude Oil: Japan (Barrel th) | 1,000.600 Jan 2024 | monthly | Feb 2006 - Jan 2024 |
Exports: Crude Oil (Barrel th) | 26,201.300 Jan 2024 | monthly | Feb 2006 - Jan 2024 |
Exports: Crude Oil: China (Barrel th) | 25,200.600 Jan 2024 | monthly | Feb 2006 - Jan 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.4 Sep 2023 | quarterly | Jun 2008 - Sep 2023 |
Non-Performing Loans (USD mn) | 492.068 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Money Supply M1 (USD mn) | 15,555.527 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Money Supply M2 (USD mn) | 59,822.627 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
M2 Growth (%) | 13.1 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Reserve Requirement Ratio (%) | 5.0 Dec 2023 | monthly | Jun 2006 - Dec 2023 |
Foreign Exchange Reserves (USD mn) | 16,163.3 Dec 2023 | monthly | Apr 1970 - Dec 2023 |
Foreign Exchange Reserves: % of GDP (%) | 13.962 Jun 2023 | quarterly | Dec 2005 - Jun 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 4.3 Oct 2023 | monthly | Jan 1975 - Oct 2023 |
Gold Reserves (USD mn) | 201.040 Dec 2023 | monthly | Dec 1969 - Dec 2023 |
Total Deposits (USD mn) | 61,393.316 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Total Deposits Growth (%) | 12.3 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
Domestic Credit (USD mn) | 68,245.5 Dec 2023 | monthly | Dec 1999 - Dec 2023 |
Domestic Credit Growth (%) | 5.2 Dec 2023 | monthly | Dec 2000 - Dec 2023 |
Total Loans (USD mn) | 63,427.568 Dec 2023 | monthly | Dec 1998 - Dec 2023 |
Total Loans Growth (%) | 2.54 Dec 2023 | monthly | Dec 1999 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 48.03 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
Domestic Assets (OMR mn) | 16,743.400 Dec 2023 | monthly | Dec 1999 - Dec 2023 |
Money Supply: Quasi Money (OMR mn) | 17,020.700 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Money Supply (OMR mn) | 23,001.800 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Deposits: Private Sector (OMR mn) | 15,610.400 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
More Indicators for Oman
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