Oman's households and NPISHs final consumption expenditure (current LCU) was 16.12 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 55.07% from 10.39 billion in 2014 (4.48% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 16.12 billion | 2024 |
| Five years earlier | 12.7 billion | 2019 |
| Ten years earlier | 10.39 billion | 2014 |
| Highest | 16.12 billion | 2024 |
| Lowest | 20.6 million | 1967 |
| Average since 2015 | 13.11 billion | 2015–2024 |
| First recorded | 20.6 million |
What the numbers say
In 2024, Oman's households and NPISHs final consumption expenditure (current LCU) rose 4.5% on 2023 (from 15.42 billion to 16.12 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +7% and a typical year strayed about 6.9% from that (the standard deviation). This year's change was 0.4 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 132.1% in 1975 and the biggest yearly fall was 9.6% in 1970. 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 560.11 million a year. A straight line explains 94% 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.
A straight-line projection, tested first
Extending that straight line gives about 17.09 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 1.12 billion, against 2.15 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Oman had the 23rd 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
- Maldives — 20th of 36: 56.28 billion
- Panama — 21st of 36: 42.42 billion
- Kuwait — 22nd of 36: 20.52 billion
- Faroe Islands — 24th of 36: 11.35 billion
- Solomon Islands — 25th of 36: 10.97 billion
- Bahamas, The — 26th of 36: 10.18 billion
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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 | Households and NPISHs final consumption expenditure (current LCU) |
|---|---|
| 2024 | 16,118,228,300 |
| 2023 | 15,418,765,500 |
| 2022 | 14,475,700,000 |
| 2021 | 13,191,000,000 |
| 2020 | 12,864,900,000 |
| 2019 | 12,703,600,000 |
| 2018 | 12,245,200,000 |
| 2017 | 12,171,700,000 |
| 2016 | 10,980,900,000 |
| 2015 | 10,914,400,000 |
Households and NPISHs final consumption expenditure (current LCU) in nearby economies
- Afghanistan — 1.41 trillion (2024)
- Algeria — 15.78 trillion (2025)
- Bahrain — 7.07 billion (2024)
- Djibouti — 564.86 billion (2025)
- Egypt, Arab Rep. — 16.93 trillion (2025)
- Iran, Islamic Rep. — 144,548 trillion (2025)
- Iraq — 168.71 trillion (2024)
- Israel — 1.02 trillion (2025)
- Kuwait
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 households and NPISHs final consumption expenditure (current LCU)?
- 16.12 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1967?
- It is up 78,144% from 20.6 million in 1967 (12.4% a year on average, compounded). The highest value was 16.12 billion in 2024 and the lowest 20.6 million in 1967.
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CN, 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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