Oman's gross national expenditure (current LCU) was 34.07 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 20.39% from 28.3 billion in 2014 (1.87% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 34.07 billion | 2024 |
| Five years earlier | 29.62 billion | 2019 |
| Ten years earlier | 28.3 billion | 2014 |
| Highest | 34.07 billion | 2024 |
| Lowest | 34.4 million | 1967 |
| Average since 2015 | 30.93 billion | 2015–2024 |
| First recorded | 34.4 million |
What the numbers say
In 2024, Oman's gross national expenditure (current LCU) rose 0.2% on 2023 (from 34 billion to 34.07 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +7.6% and a typical year strayed about 11% from that (the standard deviation). This year's change was 0.7 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 184.4% in 1974 and the biggest yearly fall was 16% in 2009. 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 540.77 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 25th 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.
Closest to Oman in the 2024 ranking
- Eswatini — 22nd of 38: 88.98 billion
- Panama — 23rd of 38: 82.16 billion
- Kuwait — 24th of 38: 40.7 billion
- Faroe Islands — 26th of 38: 27 billion
- Solomon Islands — 27th of 38: 17.08 billion
- Bahamas, The — 28th of 38: 16.47 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 58 values
| Year | Gross national expenditure (current LCU) |
|---|---|
| 2024 | 34,070,401,100 |
| 2023 | 33,997,565,800 |
| 2022 | 33,471,400,000 |
| 2021 | 29,978,300,000 |
| 2020 | 28,534,500,000 |
| 2019 | 29,624,300,000 |
| 2018 | 30,975,000,000 |
| 2017 | 30,319,100,000 |
| 2016 | 28,951,900,000 |
| 2015 | 29,378,600,000 |
Gross national expenditure (current LCU) in nearby economies
- Afghanistan — 1.92 trillion (2024)
- Algeria — 39.78 trillion (2025)
- Bahrain — 14.61 billion (2024)
- Djibouti — 701.13 billion (2025)
- Egypt, Arab Rep. — 20.26 trillion (2025)
- Iran, Islamic Rep. — 292,852 trillion (2025)
- Iraq — 318.92 trillion (2024)
- Israel — 2.06 trillion (2025)
- Kuwait — 40.7 billion (2024)
- Lebanon — 3,151.95 trillion (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
Questions people ask
- What is Oman's gross national expenditure (current LCU)?
- 34.07 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is up 98,942% from 34.4 million in 1967 (12.86% a year on average, compounded). The highest value was 34.07 billion in 2024 and the lowest 34.4 million in 1967.
- How does Oman rank?
- 25th highest of 38 economies with data for 2024.
- Is the latest change in gross national expenditure (current LCU) unusual for Oman?
- In 2024, Oman's gross national expenditure (current LCU) rose 0.2% on 2023 (from 34 billion to 34.07 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.6% and a typical year strayed about 11% from that (the standard deviation). This year's change was 0.7 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.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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