Oman's changes in inventories (constant LCU) was -263.6 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 48.37% from -510.6 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -263.6 million | 2024 |
| Five years earlier | 609.1 million | 2019 |
| Ten years earlier | -510.6 million | 2014 |
| Highest | 1.93 billion | 2022 |
| Lowest | -1.69 billion | 2005 |
| Average since 2015 | 800.78 million | 2015–2024 |
| First recorded | 1.02 billion |
What the numbers say
In 2024, Oman's changes in inventories (constant LCU) fell 1.18 billion on 2023 (from 911.4 million to -263.6 million).
Across the 25 yearly changes before that (1999 to 2023), the average change was −4.33 million and a typical year strayed about 1.1 billion from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 2.49 billion in 2006 and the biggest yearly fall was 2.52 billion in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Oman had the 27th highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Oman in the 2024 ranking
- Marshall Islands — 24th of 32: -4.26 million
- Belize — 25th of 32: -86.85 million
- Solomon Islands — 26th of 32: -154.98 million
- Maldives — 28th of 32: -1.06 billion
- Eswatini — 29th of 32: -1.17 billion
- Bolivia — 30th of 32: -2.58 billion
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 27 values
| Year | Changes in inventories (constant LCU) |
|---|---|
| 2024 | -263,600,000 |
| 2023 | 911,400,000 |
| 2022 | 1,930,100,000 |
| 2021 | 994,800,000 |
| 2020 | 706,500,000 |
| 2019 | 609,100,000 |
| 2018 | 416,500,000 |
| 2017 | 1,440,900,000 |
| 2016 | 184,000,000 |
| 2015 | 1,078,100,000 |
| 2014 |
Changes in inventories (constant LCU) in nearby economies
- Algeria — 538.36 billion (2024)
- Bahrain — 283.86 million (2024)
- Djibouti — -204.34 billion (2025)
- Egypt, Arab Rep. — 113.2 billion (2025)
- Iran, Islamic Rep. — 9,232.77 trillion (2024)
- Iraq — 7.59 trillion (2024)
- Lebanon — 0 (2017)
- Morocco — 59.97 billion (2024)
- Pakistan — 697.8 billion (2025)
- Tunisia — -6.43 billion (2024)
- West Bank and Gaza
More economic policy & debt data for Oman
- GDP (current US$) — US$109.61 billion (2025)
- GDP (current LCU) — 42.14 billion (2025)
- GDP (constant 2015 US$) — US$93.82 billion (2025)
- GDP (constant LCU) — 39.3 billion (2025)
- GDP per capita (current US$) — US$19,947 (2025)
- GDP per capita (current LCU) — 7,670 (2025)
- GDP per capita (constant 2015 US$) — US$17,074 (2025)
- GDP per capita (constant LCU) — 7,151 (2025)
- Agriculture, forestry, and fishing, value added (current US$) — US$3.08 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 1.18 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP)
Reading data like this
Questions people ask
- What is Oman's changes in inventories (constant LCU)?
- -263.6 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is down 125.85% from 1.02 billion in 1998. The highest value was 1.93 billion in 2022 and the lowest -1.69 billion in 2005.
- How does Oman rank?
- 27th highest of 32 economies with data for 2024.
- Is the latest change in changes in inventories (constant LCU) unusual for Oman?
- In 2024, Oman's changes in inventories (constant LCU) fell 1.18 billion on 2023 (from 911.4 million to -263.6 million). Across the 25 yearly changes before that (1999 to 2023), the average change was −4.33 million and a typical year strayed about 1.1 billion from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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