Oman Forecast: Current Account Balance

1980 - 2028 | Yearly | USD bn | International Monetary Fund

Key information about Oman Forecast: Current Account Balance

  • Oman Current Account Balance is forecasted to be 6.053 USD bn in Dec 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 5.512 USD bn in Dec 2023.
  • Looking ahead, Oman Current Account Balance is projected to stand at 1.957 USD bn in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.

View Oman's Forecast: Current Account Balance from 1980 to 2028 in the chart:

Oman Forecast: Current Account Balance

What is Oman's Forecast: Current Account Balance in 2028?

Oman Current Account Balance is forecasted to be 6.053 USD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.957 2028 1.906 2027 -12.540 2016 8.850 2011 USD bn yearly 1980 - 2028

Forecast: Current Account Balance by Country Comparison

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Includes Forecast: Current Account Balance on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (USD bn) 2.247 2020 yearly 2002 - 2020
Albania (USD bn) -1.790 2028 yearly 1980 - 2028
Algeria (USD bn) -13.583 2028 yearly 1980 - 2028
Andorra (USD bn) 0.842 2028 yearly 2019 - 2028
Angola (USD bn) 2.023 2028 yearly 1980 - 2028
Antigua and Barbuda (USD bn) -0.265 2028 yearly 2014 - 2028
Argentina (USD bn) 7.340 2028 yearly 1980 - 2028
Armenia (USD bn) -1.789 2028 yearly 1992 - 2028
Aruba (USD bn) 0.328 2028 yearly 1999 - 2028
Australia (USD bn) -18.570 2028 yearly 1980 - 2028
Austria (USD bn) 1.670 2028 yearly 1980 - 2028
Azerbaijan (USD bn) 6.695 2028 yearly 1992 - 2028
Bahamas (USD bn) -0.965 2028 yearly 1980 - 2028
Bahrain (USD bn) 1.321 2028 yearly 1980 - 2028
Bangladesh (USD bn) -21.942 2028 yearly 1980 - 2028
Barbados (USD bn) -0.438 2028 yearly 1980 - 2028
Belarus (USD bn) -0.016 2028 yearly 1992 - 2028
Belgium (USD bn) -2.148 2028 yearly 1980 - 2028
Belize (USD bn) -0.215 2028 yearly 1980 - 2028
Benin (USD bn) -1.245 2028 yearly 1980 - 2028
Bhutan (USD bn) -0.416 2028 yearly 1980 - 2028
Bolivia (USD bn) -2.306 2028 yearly 1980 - 2028
Bosnia and Herzegovina (USD bn) -1.298 2028 yearly 1998 - 2028
Botswana (USD bn) 0.165 2028 yearly 1980 - 2028
Brazil (USD bn) -59.994 2028 yearly 1980 - 2028
Brunei (USD bn) 2.542 2028 yearly 1981 - 2028
Bulgaria (USD bn) -0.406 2028 yearly 1980 - 2028
Burkina Faso (USD bn) -1.144 2028 yearly 1980 - 2028
Burundi (USD bn) -0.583 2028 yearly 1980 - 2028
Cambodia (USD bn) -2.954 2028 yearly 1992 - 2028
Cameroon (USD bn) -2.000 2028 yearly 1980 - 2028
Canada (USD bn) -55.335 2028 yearly 1980 - 2028
Cape Verde (USD bn) -0.145 2028 yearly 1980 - 2028
Central African Republic (USD bn) -0.173 2028 yearly 1980 - 2028
Chad (USD bn) -0.981 2028 yearly 1980 - 2028
Chile (USD bn) -12.671 2028 yearly 1980 - 2028
China (USD bn) 160.975 2028 yearly 1997 - 2028
Colombia (USD bn) -17.763 2028 yearly 1980 - 2028
Comoros (USD bn) -0.085 2028 yearly 1980 - 2028
Congo (USD bn) -0.461 2028 yearly 1980 - 2028
Costa Rica (USD bn) -1.864 2028 yearly 1980 - 2028
Croatia (USD bn) 0.205 2028 yearly 1992 - 2028
Cyprus (USD bn) -3.179 2028 yearly 1980 - 2028
Czech Republic (USD bn) 9.626 2028 yearly 1995 - 2028
Democratic Republic of Congo (USD bn) -3.273 2028 yearly 1980 - 2028
Denmark (USD bn) 45.017 2028 yearly 1980 - 2028
Djibouti (USD bn) 0.128 2028 yearly 1991 - 2028
Dominica (USD bn) -0.118 2028 yearly 2000 - 2028
Dominican Republic (USD bn) -4.927 2028 yearly 1980 - 2028
Ecuador (USD bn) 2.607 2028 yearly 1980 - 2028
Egypt (USD bn) -15.999 2028 yearly 1980 - 2028
El Salvador (USD bn) -1.957 2028 yearly 1980 - 2028
Equatorial Guinea (USD bn) -0.767 2028 yearly 1987 - 2028
Eritrea (USD bn) 0.257 2019 yearly 1992 - 2019
Estonia (USD bn) 0.619 2028 yearly 1993 - 2028
Swaziland (USD bn) 0.018 2028 yearly 1980 - 2028
Ethiopia (USD bn) -5.546 2028 yearly 1980 - 2028
Fiji (USD bn) -0.592 2028 yearly 1980 - 2028
Finland (USD bn) -1.459 2028 yearly 1980 - 2028
France (USD bn) -13.987 2028 yearly 1980 - 2028
Gabon (USD bn) -1.367 2028 yearly 1980 - 2028
Gambia (USD bn) -0.134 2028 yearly 1980 - 2028
Georgia (USD bn) -2.346 2028 yearly 1995 - 2028
Germany (USD bn) 330.963 2028 yearly 1980 - 2028
Ghana (USD bn) -2.914 2028 yearly 1980 - 2028
Greece (USD bn) -9.215 2028 yearly 1980 - 2028
Grenada (USD bn) -0.196 2028 yearly 2014 - 2028
Guatemala (USD bn) 0.063 2028 yearly 1980 - 2028
Guinea (USD bn) -2.239 2028 yearly 1980 - 2028
Guinea-Bissau (USD bn) -0.118 2028 yearly 1980 - 2028
Guyana (USD bn) 14.259 2028 yearly 1980 - 2028
Haiti (USD bn) -0.130 2028 yearly 1980 - 2028
Honduras (USD bn) -1.736 2028 yearly 1980 - 2028
Hong Kong SAR, China (USD bn) 25.833 2028 yearly 1980 - 2028
Hungary (USD bn) 1.409 2028 yearly 1980 - 2028
Iceland (USD bn) 0.471 2028 yearly 1980 - 2028
India (USD bn) -137.893 2028 yearly 1980 - 2028
Indonesia (USD bn) -30.420 2028 yearly 1980 - 2028
Iran (USD bn) 12.060 2028 yearly 1980 - 2028
Iraq (USD bn) -24.042 2028 yearly 2001 - 2028
Ireland (USD bn) 44.016 2028 yearly 1980 - 2028
Israel (USD bn) 23.348 2028 yearly 1980 - 2028
Italy (USD bn) 53.574 2028 yearly 1980 - 2028
Ivory Coast (USD bn) -3.088 2028 yearly 1980 - 2028
Jamaica (USD bn) -0.511 2028 yearly 1980 - 2028
Japan (USD bn) 167.498 2028 yearly 1980 - 2028
Jordan (USD bn) -2.347 2028 yearly 1980 - 2028
Kazakhstan (USD bn) -10.333 2028 yearly 1992 - 2028
Kenya (USD bn) -7.497 2028 yearly 1980 - 2028
Kiribati (USD bn) 0.027 2028 yearly 1980 - 2028
South Korea (USD bn) 66.020 2028 yearly 1980 - 2028
Kosovo (USD bn) -0.733 2028 yearly 2000 - 2028
Kuwait (USD bn) 29.379 2028 yearly 1980 - 2028
Kyrgyzstan (USD bn) -0.736 2028 yearly 1992 - 2028
Laos (USD bn) -1.018 2028 yearly 1980 - 2028
Latvia (USD bn) -1.280 2028 yearly 1992 - 2028
Lebanon (USD bn) -6.271 2022 yearly 1980 - 2022
Lesotho (USD bn) -0.127 2028 yearly 1980 - 2028
Liberia (USD bn) -1.265 2028 yearly 2000 - 2028
Libya (USD bn) 7.305 2028 yearly 1980 - 2028

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Oman Key Series

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Includes 198 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 (%) 2.2 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: Japan (Barrel th) 1,000.600 Jan 2024 monthly Feb 2006 - Jan 2024
Exports: Crude Oil: India (Barrel th) 0.000 Jan 2024 monthly Nov 2010 - 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
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 (%) 4.9 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: Kuwait (OMR mn) 927.500 2022 yearly 2005 - 2022
Foreign Direct Investment: India (OMR mn) 255.200 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: Construction (OMR mn) 154.400 2022 yearly 2005 - 2022
Foreign Direct Investment: Real Estate, Renting and Business Activities (OMR mn) 1,037.700 2022 yearly 2005 - 2022
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

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