Oman: Exports as a capacity to import (constant LCU)

Key figures

What the numbers say

In 2024, Oman's exports as a capacity to import (constant LCU) rose 8.3% on 2023 (from 20.44 billion to 22.13 billion).

Across the 25 yearly changes before that (1999 to 2023), the average change was +10.4% and a typical year strayed about 23.8% from that (the standard deviation). This year's change was 0.1 standard deviations below 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 50.7% in 2005 and the biggest yearly fall was 29.6% in 2015. 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 the straight-line trend is upward, about 880.57 million a year. A straight line explains 59% of the movement over 10 observed years.

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 29 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

• Panama — 12th of 29: 40.69 billion
• Vanuatu — 13th of 29: 39.21 billion
• Eswatini — 14th of 29: 35.13 billion
• Kuwait — 16th of 29: 20.52 billion
• Bahrain — 17th of 29: 13.89 billion
• Zimbabwe — 18th of 29: 12.12 billion

What this measures

Exports as a capacity to import equals the current price value of exports of goods and services deflated by the import price index. 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

Exports as a capacity to import (constant LCU) in nearby economies

• Algeria — 2.07 trillion (2025)
• Bahrain — 13.89 billion (2024)
• Djibouti — 977.34 billion (2025)
• Egypt, Arab Rep. — 1.48 trillion (2025)
• Iran, Islamic Rep. — 10,725.8 trillion (2025)
• Iraq — 94.37 trillion (2024)
• Israel — 488.71 billion (2025)
• Kuwait — 20.52 billion (2024)
• Lebanon — 7.78 trillion (2024)
• Libya

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)

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Questions people ask

What is Oman's exports as a capacity to import (constant LCU)?

22.13 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is up 613.4% from 3.1 billion in 1998 (7.85% a year on average, compounded). The highest value was 22.13 billion in 2024 and the lowest 3.1 billion in 1998.

How does Oman rank?

15th highest of 29 economies with data for 2024.

Is the latest change in exports as a capacity to import (constant LCU) unusual for Oman?

In 2024, Oman's exports as a capacity to import (constant LCU) rose 8.3% on 2023 (from 20.44 billion to 22.13 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +10.4% and a typical year strayed about 23.8% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.EXP.CAPM.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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