Oman recorded a Current Account deficit of 5.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Oman averaged 1.98 percent from 1980 until 2018, 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 -7.80 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 -7.50 percent in 2020, according to our econometric models.

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Oman Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -15.50 17.84 -22.47 1980 - 2018 percent Yearly


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).

Oman Trade Last Previous Highest Lowest Unit
Balance of Trade 606.80 508.90 2379.00 -117.60 OMR Million [+]
Current Account -1671.00 -4137.00 3403.00 -4737.00 OMR Million [+]
Current Account to GDP -5.50 -15.50 17.84 -22.47 percent [+]
Imports 728.70 786.90 1392.10 242.50 OMR Million [+]
Exports 1135.10 1243.90 1992.00 423.00 OMR Million [+]
Capital Flows 2949.00 3481.00 4741.00 -2411.00 OMR Million [+]
Gold Reserves 0.02 0.02 9.05 0.02 Tonnes [+]
Crude Oil Production 973.00 970.00 1057.00 693.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 229.00 348.00 466.00 123.00 thousand [+]
Foreign Direct Investment 1122.00 871.00 1281.00 -835.00 OMR Million [+]