Oman's households and NPISHs final consumption expenditure, linked series (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 | 1.64 billion | 1990 |
| Average since 2015 | 13.11 billion | 2015–2024 |
| First recorded | 1.64 billion |
What the numbers say
In 2024, Oman's households and NPISHs final consumption expenditure, linked series (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 32.6% in 2008 and the biggest yearly fall was 2.1% in 1994. 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 20th highest value of the 33 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 — 17th of 33: 56.28 billion
- Panama — 18th of 33: 42.42 billion
- Kuwait — 19th of 33: 20.52 billion
- Faroe Islands — 21st of 33: 11.35 billion
- Solomon Islands — 22nd of 33: 10.97 billion
- Bahamas, The — 23rd of 33: 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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. 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 35 values
| Year | Households and NPISHs final consumption expenditure, linked series (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, linked series (current LCU) in nearby economies
- 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 — 20.52 billion (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 households and NPISHs final consumption expenditure, linked series (current LCU)?
- 16.12 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CN.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) 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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