External balance on goods and services in Oman
Oman: External balance on goods and services was 6.49 billion constant LCU in 2024. ▲ Rising
External balance on goods and services in Oman, 2018–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Oman recorded 6.49 billion constant LCU for external balance on goods and services in 2024. That is the highest value across all 7 years on record.
The figure is up 7.7% on the previous year and up 54.3% over ten years.
Oman ranks 43rd of 161 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.61 billion constant LCU | 4.21 billion constant LCU | 5.01 billion constant LCU | 2 |
| 2020s | 5.37 billion constant LCU | 3.53 billion constant LCU | 6.49 billion constant LCU | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- DEC alternative conversion factor 0.3845 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -3.57 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -9.29 billion current US$ (2024)
- Taxes less subsidies on products -228.64 million current LCU (2025)
- Taxes less subsidies on products -594.64 million current US$ (2025)
- Net primary income (Net income from abroad) -2.37 billion current LCU (2024)
- Net primary income (Net income from abroad) -6.17 billion current US$ (2024)
- GNI per capita 7,351 current LCU (2024)
- GNI per capita, Atlas method 19,520 current US$ (2024)
- GNI 38.82 billion current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Oman?
- External balance on goods and services in Oman was 6.49 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Oman?
- The highest recorded value was 6.49 billion constant LCU in 2024.
- What is the lowest external balance on goods and services recorded in Oman?
- The lowest recorded value was 3.53 billion constant LCU in 2020.
- How does Oman rank for external balance on goods and services?
- Oman ranks 43rd out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Oman?
- Over the last ten years it is up 54.3%. The long-run trend across the full record is rising.
- Where does this Oman data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.