Trade in services in Oman
Oman: Trade in services was 17.2% in 2024. ▲ Rising
Trade in services in Oman, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Oman recorded 17.2% for trade in services in 2024.
The figure is down 0.3% on the previous year and up 20.8% over ten years.
Over the whole period, trade in services in Oman peaked at 19.3% in 2019 and was at its lowest, 5.9%, in 1990.
That places Oman 118th out of 199 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.9% | 6.5% | 7.3% | 2 |
| 1980s | 8.0% | 6.3% | 9.6% | 10 |
| 1990s | 8.5% | 5.9% | 14.2% | 10 |
| 2000s | 12.0% | 9.9% | 14.0% | 10 |
| 2010s | 15.8% | 12.6% | 19.3% | 10 |
| 2020s | 15.1% | 13.1% | 17.2% | 5 |
Countries ranked near Oman
More economy & growth data for Oman
- Gross value added at basic prices (GVA) 39.78 billion constant LCU (2025)
- Gross fixed capital formation 27.36 billion current US$ (2024)
- Gross fixed capital formation 10.52 billion current LCU (2024)
- Gross fixed capital formation 25.69 billion constant 2015 US$ (2024)
- Gross fixed capital formation 7.1% (2024)
- GDP 109.61 billion current US$ (2025)
- Gross fixed capital formation 25.5% (2024)
- Changes in inventories -736.28 million current US$ (2024)
- Changes in inventories -283.10 million current LCU (2024)
- Gross capital formation 24.8% (2024)
Frequently asked questions
- What is trade in services in Oman?
- Trade in services in Oman was 17.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Oman?
- The highest recorded value was 19.3% in 2019.
- What is the lowest trade in services recorded in Oman?
- The lowest recorded value was 5.9% in 1990.
- How does Oman rank for trade in services?
- Oman ranks 118th out of 199 countries with data for 2024.
- Is trade in services rising or falling in Oman?
- Over the last ten years it is up 20.8%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.