Oman Current Account to GDP

Oman recorded a Current Account deficit of 14.80 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Oman averaged 2.19 percent from 1980 until 2017, reaching an all time high of 17.84 percent in 1981 and a record low of -22.47 percent in 1998.

Current Account to GDP in Oman is expected to be -5.60 percent by the end of this quarter, 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 -3.50 percent in 2020, according to our econometric models.

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Oman Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	709.10	686.50	2379.00	-117.60	OMR Million	[+]
Current Account	-4137.00	-4737.00	3403.00	-4737.00	OMR Million	[+]
Current Account to GDP	-14.80	-18.50	17.84	-22.47	percent	[+]
Imports	700.00	765.00	1392.10	242.50	OMR Million	[+]
Exports	1227.10	1197.30	1992.00	423.00	OMR Million	[+]
Capital Flows	3481.00	1700.00	4741.00	-2411.00	OMR Million	[+]
Gold Reserves	0.02	0.02	9.05	0.02	Tonnes	[+]
Crude Oil Production	970.00	970.00	1057.00	693.00	BBL/D/1K	[+]
Terrorism Index	0.00	0.00	0.00	0.00		[+]
Tourist Arrivals	297.00	282.00	466.00	123.00	thousand	[+]
Foreign Direct Investment	1122.00	871.00	1281.00	-835.00	OMR Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

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). This page provides - Oman Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-14.80	-18.50	17.84	-22.47	1980 - 2017	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%