Current Account Balance: Oman
Oman's current account balance is currently -0.7 % of GDP as of 2026. # Oman Current Account Balance Oman's current account balance stands at -0.
Current (2026)
-0.7 % of GDP
+30.0% y/y
Peak (1981)
15.6 % of GDP
Low (1998)
-19.5 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Oman
1980 — 2026
Current Account Balance — Oman
Analysis# Oman Current Account Balance
Oman's current account balance stands at -0.7% of GDP in 2026, reflecting a near-equilibrium position after decades of volatility. The country has experienced a dramatic 104.5% decline since 1980, when oil revenues generated substantial surpluses. The all-time peak of 15.6% in 1981 contrasts sharply with the nadir of -19.5% in 1998, illustrating the economy's sensitivity to commodity cycles and external shocks.
Recent years reveal a stabilization pattern. After severe deficits in 2020 (-16.5%), Oman achieved modest surpluses from 2022-2024, reaching 2.9% in 2024. The modest deficit projected for 2025-2026 suggests the current account may oscillate around balance going forward, indicating improved macroeconomic management relative to the structural imbalances of the 1990s-2010s. Oil price dynamics and diversification efforts will likely determine future trajectories.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2 % of GDP | +11.11% |
| 2029 | 1.8 % of GDP | +20.00% |
| 2028 | 1.5 % of GDP | +150.00% |
| 2027 | 0.6 % of GDP | +185.71% |
| 2026 | -0.7 % of GDP | +30.00% |
| 2025 | -1 % of GDP | -134.48% |
| 2024 | 2.9 % of GDP | +26.09% |
| 2023 | 2.3 % of GDP | -37.84% |
| 2022 | 3.7 % of GDP | +167.27% |
| 2021 | -5.5 % of GDP | +66.67% |
| 2020 | -16.5 % of GDP | -236.73% |
| 2019 | -4.9 % of GDP | +0.00% |
| 2018 | -4.9 % of GDP | +63.97% |
| 2017 | -13.6 % of GDP | +18.07% |
| 2016 | -16.6 % of GDP | -20.29% |
| 2015 | -13.8 % of GDP | -400.00% |
| 2014 | 4.6 % of GDP | -22.03% |
| 2013 | 5.9 % of GDP | -34.44% |
| 2012 | 9 % of GDP | -21.05% |
| 2011 | 11.4 % of GDP | +50.00% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 7.6 % of GDP | +944.44% |
| 2009 | -0.9 % of GDP | -112.50% |
| 2008 | 7.2 % of GDP | +41.18% |
| 2007 | 5.1 % of GDP | -61.65% |
| 2006 | 13.3 % of GDP | -8.90% |
| 2005 | 14.6 % of GDP | +356.25% |
| 2004 | 3.2 % of GDP | -45.76% |
| 2003 | 5.9 % of GDP | -20.27% |
| 2002 | 7.4 % of GDP | -16.85% |
| 2001 | 8.9 % of GDP | -36.88% |
| 2000 | 14.1 % of GDP | +642.31% |
| 1999 | -2.6 % of GDP | +86.67% |
| 1998 | -19.5 % of GDP | -1672.73% |
| 1997 | -1.1 % of GDP | -191.67% |
| 1996 | 1.2 % of GDP | +123.08% |
| 1995 | -5.2 % of GDP | -1.96% |
| 1994 | -5.1 % of GDP | +46.88% |
| 1993 | -9.6 % of GDP | -146.15% |
| 1992 | -3.9 % of GDP | -160.00% |
| 1991 | -1.5 % of GDP | -118.29% |
| 1990 | 8.2 % of GDP | +148.48% |
| 1989 | 3.3 % of GDP | +203.13% |
| 1988 | -3.2 % of GDP | -140.00% |
| 1987 | 8 % of GDP | +173.39% |
| 1986 | -10.9 % of GDP | -11000.00% |
| 1985 | 0.1 % of GDP | -96.67% |
| 1984 | 3 % of GDP | -42.31% |
| 1983 | 5.2 % of GDP | -3.70% |
| 1982 | 5.4 % of GDP | -65.38% |
| 1981 | 15.6 % of GDP | +1.30% |
| 1980 | 15.4 % of GDP | — |
Related Data
Other Metrics
For Oman
Compare Current Account Balance
Same metric, other countries
Demographics
People & population data