Oman: Net domestic credit (current LCU)

Key figures

What the numbers say

In 2024, Oman's net domestic credit (current LCU) rose 6.1% on 2023 (from 26.48 billion to 28.09 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +11.7% and a typical year strayed about 10.5% 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 377.7% in 1974 and the biggest yearly fall was 29.7% in 1979. 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 1.24 billion a year. A straight line explains 97% 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 33rd highest value of the 40 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

• Slovenia — 30th of 40: 36.6 billion
• Lithuania — 31st of 40: 33.79 billion
• Estonia — 32nd of 40: 28.87 billion
• Cyprus — 34th of 40: 24.91 billion
• Latvia — 35th of 40: 16.04 billion
• Bahamas, The — 36th of 40: 10.95 billion

What this measures

Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. 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 53 values

Net domestic credit (current LCU) in nearby economies

• Afghanistan — -79.38 billion (2020)
• Algeria — 28.47 trillion (2025)
• Bahrain — 10.64 billion (2015)
• Djibouti — 335.15 billion (2025)
• Egypt, Arab Rep. — 18.29 trillion (2025)
• Iran, Islamic Rep. — 10,211.7 trillion (2016)
• Iraq — 78.52 trillion (2024)
• Israel — 2.22 trillion (2025)
• Jordan — 47.43 billion (2025)
• Kuwait — 46.3 billion (2025)
• Lebanon

More financial sector data for Oman

• GDP deflator (base year varies by country) — 107.25 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.38 (2025)
• Official exchange rate (LCU per US$, period average) — US$0.38 (2025)
• Inflation, GDP deflator (annual % growth) — -0.09% (2025)
• Domestic credit to private sector by banks (% of GDP) — 63.16% (2024)
• Net foreign assets (current LCU) — 7.43 billion (2024)
• Monetary sector credit to private sector (% of GDP) — 63.21% (2024)
• Claims on central government, etc. (% of GDP) — -10.67% (2024)
• Domestic credit to private sector (% of GDP) — 63.21% (2024)

Reading data like this

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Questions people ask

What is Oman's net domestic credit (current LCU)?

28.09 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 208,689% from 13.45 million in 1972 (15.84% a year on average, compounded). The highest value was 28.09 billion in 2024 and the lowest 13.45 million in 1972.

How does Oman rank?

33rd highest of 40 economies with data for 2024.

Is the latest change in net domestic credit (current LCU) unusual for Oman?

In 2024, Oman's net domestic credit (current LCU) rose 6.1% on 2023 (from 26.48 billion to 28.09 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.7% and a typical year strayed about 10.5% 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 FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics 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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