Oman Current Account Balance: % of GDP

Key information about Oman Current Account Balance: % of GDP

• Oman Current Account deficit accounted for 4.9 % of the country's Nominal GDP in Dec 2021, compared with a 16.2 % deficit in the previous year.
• Oman Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 1980 to Dec 2021, with an average value of 3.2 %.
• The data reached an all-time high of 16.2 % in Dec 1981 and a record low of -19.1 % in Dec 1998.

CEIC calculates Current Account Balance as % of Nominal GDP from annual Current Account Balance and annual Nominal GDP. The Central Bank of Oman provides Current Account Balance in local currency based on BPM6. The National Centre for Statistics and Information provides Nominal GDP in local currency based on SNA 2008. Current Account Balance % of Nominal GDP prior to 2017 is calculated from Current Account Balance based on BPM5. Current Account Balance % of Nominal GDP prior to 1998 is calculated from Current Account Balance sourced from the International Monetary Fund and Nominal GDP based on SNA 1993.


Key information about Oman Current Account Balance: % of GDP

• In the latest reports of Oman, Current Account recorded a deficit of 4.3 USD bn in Dec 2021.
• Foreign Direct Investment (FDI) increased by 4.0 USD bn in Dec 2021.
• Oman Direct Investment Abroad fell by 397.9 USD mn in Dec 2021.
• Its Foreign Portfolio Investment increased by 5.0 USD bn in Dec 2021.
• The country's Nominal GDP was reported at 27.1 USD bn in Mar 2023.

View Oman's Current Account Balance: % of GDP from 1980 to 2021 in the chart:

What was Oman's Current Account Balance: % of GDP in 2021?

Oman Current Account deficit accounted for 4.9 % of the country's Nominal GDP in Dec 2021, compared with a 16.2 % deficit in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
-4.9 2021	-16.2 2020	-19.1 1998	16.2 1981	%	yearly	1980 - 2021

Current Account Balance: % of GDP by Country Comparison

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