Oman: Discrepancy in expenditure estimate of GDP (current LCU)

Key figures

What the numbers say

In 2024, Oman's discrepancy in expenditure estimate of GDP (current LCU) rose 342,400 on 2023 (from 9,400 to 351,800).

Across the 30 yearly changes before that (1994 to 2023), the average change was −19.32 million and a typical year strayed about 129.98 million from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 297.9 million in 1988 and the biggest yearly fall was 703.5 million in 1998. 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 18% 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 15th highest value of the 37 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

• Kiribati — 12th of 37: 1.75 million
• Cuba — 13th of 37: 1 million
• United States — 14th of 37: 1 million
• Timor-Leste — 16th of 37: 345,815
• Faroe Islands — 17th of 37: 100,000
• Bhutan — 18th of 37: 8,200

What this measures

Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 57 values

Discrepancy in expenditure estimate of GDP (current LCU) in nearby economies

• Algeria — -1 million (2025)
• Bahrain — 38.16 million (2024)
• Djibouti — 645,700 (2025)
• Egypt, Arab Rep. — 0 (2025)
• Iran, Islamic Rep. — 60.34 billion (2025)
• Iraq — 35.93 trillion (2024)
• Israel — 0 (2025)
• Kuwait — 9.13 (2024)
• Lebanon — -1 million (2024)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Oman's discrepancy in expenditure estimate of GDP (current LCU)?

351,800 in 2024, according to the World Bank (World Development Indicators).

How does Oman rank?

15th highest of 37 economies with data for 2024.

Is the latest change in discrepancy in expenditure estimate of GDP (current LCU) unusual for Oman?

In 2024, Oman's discrepancy in expenditure estimate of GDP (current LCU) rose 342,400 on 2023 (from 9,400 to 351,800). Across the 30 yearly changes before that (1994 to 2023), the average change was −19.32 million and a typical year strayed about 129.98 million from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, 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).

Source

World Bank, World Development Indicators, indicator NY.GDP.DISC.CN, 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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