Oman's final consumption expenditure (% of GDP) was 57.86% in 2024, the latest year in the World Bank's World Development Indicators. That is up 7.08 percentage points from 50.78% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 57.86% | 2024 |
| Five years earlier | 60.63% | 2019 |
| Ten years earlier | 50.78% | 2014 |
| Highest | 70.14% | 2020 |
| Lowest | 28% | 1969 |
| Average since 2015 | 60.35% | 2015–2024 |
| First recorded | 57.47% | 1967 |
What the numbers say
In 2024, Oman's final consumption expenditure (% of GDP) rose 1.24 percentage points on 2023 (from 56.62% to 57.86%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.23 percentage points and a typical year strayed about 5.94 percentage points 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 16.66 percentage points in 1972 and the biggest yearly fall was 25.45 percentage points in 1968. 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 17% 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 34th highest value of the 36 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
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 58 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2024 | 57.86 |
| 2023 | 56.62 |
| 2022 | 51.92 |
| 2021 | 61.43 |
| 2020 | 70.14 |
| 2019 | 60.63 |
| 2018 | 56.36 |
| 2017 | 63.68 |
| 2016 | 64.14 |
| 2015 | 60.7 |
| 2014 |
Final consumption expenditure (% of GDP) in nearby economies
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 final consumption expenditure (% of GDP)?
- 57.86% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is up 0.38 percentage points from 57.47% in 1967. The highest value was 70.14% in 2020 and the lowest 28% in 1969.
- How does Oman rank?
- 34th highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Oman?
- In 2024, Oman's final consumption expenditure (% of GDP) rose 1.24 percentage points on 2023 (from 56.62% to 57.86%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.23 percentage points and a typical year strayed about 5.94 percentage points 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.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, 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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