Oman's gross fixed capital formation (% of GDP) was 25.54% in 2024, the latest year in the World Bank's World Development Indicators. That is down 4.29 percentage points from 29.83% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 25.54% | 2024 |
| Five years earlier | 28.95% | 2019 |
| Ten years earlier | 29.83% | 2014 |
| Highest | 39.3% | 2016 |
| Lowest | 9.3% | 1969 |
| Average since 2015 | 29.73% | 2015–2024 |
| First recorded | 31.19% | 1967 |
What the numbers say
In 2024, Oman's gross fixed capital formation (% of GDP) rose 1.26 percentage points on 2023 (from 24.28% to 25.54%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.3 percentage points and a typical year strayed about 5.02 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 17.59 percentage points in 1998 and the biggest yearly fall was 18.61 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 the straight-line trend is downward, about 1.46 percentage points a year. A straight line explains 77% 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 38 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.
| Value | Year | |
|---|---|---|
| Oman | 25.54% | 2024 |
| World | 25.62% | 2024 |
| High income | 22.21% | 2024 |
Closest to Oman in the 2024 ranking
- Timor-Leste — 11th of 38: 27.01%
- Tonga — 12th of 38: 26.15%
- Bahamas, The — 13th of 38: 25.75%
- Vanuatu — 15th of 38: 24.37%
- Bosnia and Herzegovina — 16th of 38: 24.37%
- Kazakhstan — 17th of 38: 24.32%
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 51 values
| Year | Gross fixed capital formation (% of GDP) |
|---|---|
| 2024 | 25.54 |
| 2023 | 24.28 |
| 2022 | 22.94 |
| 2021 | 26.86 |
| 2020 | 31.57 |
| 2019 | 28.95 |
| 2018 | 30.49 |
| 2017 | 33.32 |
| 2016 | 39.3 |
| 2015 | 34.01 |
| 2014 |
Gross fixed capital formation (% 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 gross fixed capital formation (% of GDP)?
- 25.54% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is down 5.65 percentage points from 31.19% in 1967. The highest value was 39.3% in 2016 and the lowest 9.3% in 1969.
- How does Oman rank?
- 15th highest of 38 economies with data for 2024.
- Is the latest change in gross fixed capital formation (% of GDP) unusual for Oman?
- In 2024, Oman's gross fixed capital formation (% of GDP) rose 1.26 percentage points on 2023 (from 24.28% to 25.54%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.3 percentage points and a typical year strayed about 5.02 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.GDI.FTOT.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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