Oman recorded a Current Account deficit of 1592 OMR Million in 2019.

Current Account in Oman averaged 198.92 OMR Million from 1996 until 2019, reaching an all time high of 3403 OMR Million in 2011 and a record low of -4737 OMR Million in 2016. This page provides - Oman Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Current Account - values, historical data and charts - was last updated on October of 2020.

Current Account in Oman is expected to reach -3900.00 OMR Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Current Account is projected to trend around -3800.00 OMR Million in 2021 and -3500.00 OMR Million in 2022, according to our econometric models.

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Oman Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1592.00 -1671.00 3403.00 -4737.00 1996 - 2019 OMR Million Yearly

Oman Trade Last Previous Highest Lowest Unit
Balance of Trade 418.80 555.80 2379.00 -117.60 OMR Million [+]
Current Account -1592.00 -1671.00 3403.00 -4737.00 OMR Million [+]
Current Account to GDP -5.20 -5.50 17.84 -22.47 percent [+]
Imports 691.00 641.70 1392.10 242.50 OMR Million [+]
Exports 1109.80 1197.50 1992.00 423.00 OMR Million [+]
Capital Flows 1345.00 2949.00 4741.00 -2411.00 OMR Million [+]
Gold Reserves 0.02 0.02 9.05 0.02 Tonnes [+]
Crude Oil Production 894.00 838.00 1108.00 693.00 BBL/D/1K [+]
Foreign Direct Investment 2439.00 1122.00 2439.00 -835.00 OMR Million [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 102.00 339.00 466.00 102.00 thousand [+]


Oman Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).