External balance on goods and services in Oman
Oman: External balance on goods and services was 18.53 billion current US$ in 2024. ◆ Volatile
External balance on goods and services in Oman, 1967–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Oman recorded 18.53 billion current US$ for external balance on goods and services in 2024.
The figure is up 4.3% on the previous year and down 3.0% over ten years.
Over the whole period, external balance on goods and services in Oman peaked at 22.80 billion current US$ in 2022 and was at its lowest, -1.09 billion current US$, in 1998.
Oman ranks 26th of 192 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 89.09 million current US$ | 12.15 million current US$ | 150.48 million current US$ | 3 |
| 1970s | 297.13 million current US$ | 57.33 million current US$ | 759.70 million current US$ | 10 |
| 1980s | 1.15 billion current US$ | -123.04 million current US$ | 1.93 billion current US$ | 9 |
| 1990s | 1.85 billion current US$ | -1.09 billion current US$ | 3.14 billion current US$ | 10 |
| 2000s | 6.60 billion current US$ | 3.10 billion current US$ | 12.97 billion current US$ | 10 |
| 2010s | 11.77 billion current US$ | -169.05 million current US$ | 20.43 billion current US$ | 10 |
| 2020s | 14.03 billion current US$ | 1.70 billion current US$ | 22.80 billion current US$ | 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 18.53 billion current US$ 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 22.80 billion current US$ in 2022.
- What is the lowest external balance on goods and services recorded in Oman?
- The lowest recorded value was -1.09 billion current US$ in 1998.
- How does Oman rank for external balance on goods and services?
- Oman ranks 26th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Oman?
- Over the last ten years it is down 3.0%. The long-run trend across the full record is volatile.
- 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.