Oman recorded a Current Account deficit of 5.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Oman averaged 1.80 percent from 1980 until 2019, reaching an all time high of 17.84 percent in 1981 and a record low of -22.47 percent in 1998. This page provides - Oman Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Oman is expected to reach -14.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Current Account to GDP is projected to trend around -11.00 percent in 2021 and -7.50 percent in 2022, according to our econometric models.

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Oman Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.20 -5.50 17.84 -22.47 1980 - 2019 percent 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 594.50 641.70 1392.10 242.50 OMR Million [+]
Exports 796.40 724.80 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 to GDP
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).