Net errors and omissions in Oman
Oman: Net errors and omissions was -1.01 billion BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Oman, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Oman stood at -1.01 billion BoP, current US$.
Compared with earlier readings it is up 7.6% on the previous year and up 1.8% over ten years.
Over the whole period, net errors and omissions in Oman peaked at 1.04 billion BoP, current US$ in 2010 and was at its lowest, -1.14 billion BoP, current US$, in 2016.
That places Oman 160th out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -213.62 million BoP, current US$ | -369.43 million BoP, current US$ | -118.41 million BoP, current US$ | 6 |
| 1980s | -265.44 million BoP, current US$ | -588.77 million BoP, current US$ | 63.12 million BoP, current US$ | 10 |
| 1990s | 246.67 million BoP, current US$ | -473.34 million BoP, current US$ | 913.01 million BoP, current US$ | 10 |
| 2000s | -388.83 million BoP, current US$ | -984.43 million BoP, current US$ | 593.89 million BoP, current US$ | 10 |
| 2010s | -351.76 million BoP, current US$ | -1.14 billion BoP, current US$ | 1.04 billion BoP, current US$ | 10 |
| 2020s | -482.85 million BoP, current US$ | -1.09 billion BoP, current US$ | 887.68 million BoP, current US$ | 5 |
Countries ranked near Oman
- 157 Guyana -791.79 million BoP, current US$ compare
- 158 Liberia -860.70 million BoP, current US$ compare
- 159 Djibouti -872.54 million BoP, current US$ compare
- 161 South Africa -1.10 billion BoP, current US$ compare
- 162 Singapore -1.11 billion BoP, current US$ compare
- 163 Slovenia -1.11 billion BoP, current US$ compare
More economy & growth data for Oman
- Exports of goods and services 9.1% (2024)
- Gross national expenditure 34.07 billion current LCU (2024)
- Gross national expenditure 82.64 billion constant 2015 US$ (2024)
- Industry (including construction), value added 52.7% (2025)
- Gross national expenditure 82.7% (2024)
- Exports of goods and services 70.79 billion current US$ (2024)
- Exports of goods and services 27.22 billion current LCU (2024)
- Exports of goods and services 50.11 billion constant 2015 US$ (2024)
- Gross fixed capital formation 10.52 billion current LCU (2024)
- Gross fixed capital formation 27.36 billion current US$ (2024)
Frequently asked questions
- What is net errors and omissions in Oman?
- Net errors and omissions in Oman was -1.01 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Oman?
- The highest recorded value was 1.04 billion BoP, current US$ in 2010.
- What is the lowest net errors and omissions recorded in Oman?
- The lowest recorded value was -1.14 billion BoP, current US$ in 2016.
- How does Oman rank for net errors and omissions?
- Oman ranks 160th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Oman?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this Oman data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. 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.