Oman: Gross savings (% of GNI)

Key figures

What the numbers say

In 2024, Oman's gross savings (% of GNI) fell 1.23 percentage points on 2023 (from 30.64% to 29.41%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.19 percentage points and a typical year strayed about 6.97 percentage points from that (the standard deviation). This year's change was 0.2 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 13.77 percentage points in 1979 and the biggest yearly fall was 16.24 percentage points 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 there is no clear straight-line trend: a straight line explains 24% 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 18th highest value of the 48 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

• Nicaragua — 14th of 48: 29.99%
• Tajikistan — 15th of 48: 29.63%
• Malta — 16th of 48: 29.57%
• Bhutan — 18th of 48: 24.33%
• Rwanda — 19th of 48: 23.31%
• Belize — 20th of 48: 21.19%

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 51 values

Gross savings (% of GNI) in nearby economies

• Algeria — 39.58% (2025)
• Bahrain — 35.93% (2024)
• Djibouti — 14.46% (2024)
• Egypt, Arab Rep. — 8.5% (2025)
• Iraq — 31.86% (2024)
• Israel — 26.12% (2025)
• Kuwait — 36.6% (2024)
• Lebanon — -12.69% (2023)
• Libya — 24.64% (2023)
• Malta — 29.57% (2024)
• Morocco — 29.79% (2025)
• Pakistan — 15.58% (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

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Questions people ask

What is Oman's gross savings (% of GNI)?

29.41% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is down 11.44 percentage points from 40.85% in 1974. The highest value was 51.24% in 2008 and the lowest 12.12% in 2020.

How does Oman rank?

18th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GNI) unusual for Oman?

In 2024, Oman's gross savings (% of GNI) fell 1.23 percentage points on 2023 (from 30.64% to 29.41%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.19 percentage points and a typical year strayed about 6.97 percentage points from that (the standard deviation). This year's change was 0.2 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.GNS.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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