Oman's net foreign assets (current LCU) was 7.43 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 10.47% from 6.72 billion in 2014 (1% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.43 billion | 2024 |
| Five years earlier | 5.23 billion | 2019 |
| Ten years earlier | 6.72 billion | 2014 |
| Highest | 7.43 billion | 2024 |
| Lowest | -174.79 million | 2001 |
| Average since 2015 | 5.24 billion | 2015–2024 |
| First recorded | 31.18 million |
What the numbers say
In 2024, Oman's net foreign assets (current LCU) rose 986.35 million on 2023 (from 6.44 billion to 7.43 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +182.82 million and a typical year strayed about 853.95 million from that (the standard deviation). This year's change was 0.9 standard deviations above 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 2.95 billion in 2007 and the biggest yearly fall was 1.79 billion in 2015. 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 186.59 million a year. A straight line explains 31% 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 35th 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
- Portugal — 32nd of 40: 17.91 billion
- Latvia — 33rd of 40: 9.5 billion
- Estonia — 34th of 40: 8.79 billion
- Bahamas, The — 36th of 40: 2.97 billion
- Kosovo — 37th of 40: 2.4 billion
- Montenegro — 38th of 40: 1.81 billion
What this measures
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. 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
| Year | Net foreign assets (current LCU) |
|---|---|
| 2024 | 7,425,952,132 |
| 2023 | 6,439,602,221 |
| 2022 | 4,748,528,979 |
| 2021 | 4,895,022,377 |
| 2020 | 3,814,165,087 |
| 2019 | 5,233,237,524 |
| 2018 | 5,420,334,243 |
| 2017 | 4,639,198,725 |
| 2016 | 4,901,804,355 |
| 2015 | 4,929,076,268 |
| 2014 |
Net foreign assets (current LCU) in nearby economies
- Afghanistan — 871.66 billion (2020)
- Algeria — 9.11 trillion (2025)
- Bahrain — 1.34 billion (2015)
- Djibouti — 281.4 billion (2025)
- Egypt, Arab Rep. — 1.11 trillion (2025)
- Iran, Islamic Rep. — 2,473.74 trillion (2016)
- Iraq — 167.41 trillion (2024)
- Israel — 883.57 billion (2025)
- Jordan — 15.24 billion (2025)
- Kuwait — 28.58 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 domestic credit (current LCU) — 28.09 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
Questions people ask
- What is Oman's net foreign assets (current LCU)?
- 7.43 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 23,719% from 31.18 million in 1972 (11.1% a year on average, compounded). The highest value was 7.43 billion in 2024 and the lowest -174.79 million in 2001.
- How does Oman rank?
- 35th highest of 40 economies with data for 2024.
- Is the latest change in net foreign assets (current LCU) unusual for Oman?
- In 2024, Oman's net foreign assets (current LCU) rose 986.35 million on 2023 (from 6.44 billion to 7.43 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +182.82 million and a typical year strayed about 853.95 million from that (the standard deviation). This year's change was 0.9 standard deviations above 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.NFRG.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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