Oman's gross national expenditure (constant LCU) was 31.88 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 15.47% from 27.61 billion in 2014 (1.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.88 billion | 2024 |
| Five years earlier | 29.77 billion | 2019 |
| Ten years earlier | 27.61 billion | 2014 |
| Highest | 31.88 billion | 2024 |
| Lowest | 9.17 billion | 2000 |
| Average since 2015 | 30.6 billion | 2015–2024 |
| First recorded | 10.68 billion |
What the numbers say
In 2024, Oman's gross national expenditure (constant LCU) rose 0.5% on 2023 (from 31.73 billion to 31.88 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +4.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.5 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 25.9% in 2006 and the biggest yearly fall was 9.7% 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 the straight-line trend is upward, about 193.86 million a year. A straight line explains 32% 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 19th highest value of the 31 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
- Zimbabwe — 16th of 31: 72.76 billion
- Eswatini — 17th of 31: 69.6 billion
- Cuba — 18th of 31: 51.05 billion
- Kuwait — 20th of 31: 29.83 billion
- Bahamas, The — 21st of 31: 14.68 billion
- Solomon Islands — 22nd of 31: 14.59 billion
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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 | Gross national expenditure (constant LCU) |
|---|---|
| 2024 | 31,881,000,000 |
| 2023 | 31,729,300,000 |
| 2022 | 31,487,100,000 |
| 2021 | 29,409,700,000 |
| 2020 | 30,080,900,000 |
| 2019 | 29,772,400,000 |
| 2018 | 30,975,000,000 |
| 2017 | 31,637,000,000 |
| 2016 | 29,666,800,000 |
| 2015 | 29,360,300,000 |
Gross national expenditure (constant LCU) in nearby economies
- Algeria — 12.04 trillion (2025)
- Bahrain — 12.9 billion (2024)
- Djibouti — 636.95 billion (2025)
- Egypt, Arab Rep. — 9.33 trillion (2025)
- Iran, Islamic Rep. — 72,855.9 trillion (2025)
- Iraq — 159.79 trillion (2024)
- Israel — 1.71 trillion (2025)
- Kuwait — 29.83 billion (2024)
- Lebanon — 51.36 trillion (2024)
- Libya — 64.55 billion (2025)
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 national expenditure (constant LCU)?
- 31.88 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is up 198.6% from 10.68 billion in 1998 (4.3% a year on average, compounded). The highest value was 31.88 billion in 2024 and the lowest 9.17 billion in 2000.
- How does Oman rank?
- 19th highest of 31 economies with data for 2024.
- Is the latest change in gross national expenditure (constant LCU) unusual for Oman?
- In 2024, Oman's gross national expenditure (constant LCU) rose 0.5% on 2023 (from 31.73 billion to 31.88 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +4.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.5 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 NE.DAB.TOTL.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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