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

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 2021.

Current Account to GDP in Oman is expected to reach -11.00 percent of GDP by the end of 2021, 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 of GDP in 2022, according to our econometric models.

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Oman Current Account to GDP

Oman Last Unit Reference Previous Highest Lowest
Current Account 3330.00 OMR Million Dec/20 -1592.00 3403.00 -4737.00
Current Account to GDP -5.20 percent of GDP Dec/19 -5.50 17.84 -22.47
Capital Flows 2690.00 OMR Million Dec/20 1346.00 4741.00 -2411.00
Foreign Direct Investment 1315.00 OMR Million Dec/19 2284.00 2284.00 -835.00

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).