Oman's net secondary income (net current transfers from abroad) (current LCU) was -3.57 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 11.84% from -4.05 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -3.57 billion | 2024 |
| Five years earlier | -3.51 billion | 2019 |
| Ten years earlier | -4.05 billion | 2014 |
| Highest | -575.03 million | 1999 |
| Lowest | -4.32 billion | 2015 |
| Average since 2015 | -3.67 billion | 2015–2024 |
| First recorded | -587.62 million |
What the numbers say
In 2024, Oman's net secondary income (net current transfers from abroad) (current LCU) rose 73.6 million on 2023 (from -3.65 billion to -3.57 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was −122.34 million and a typical year strayed about 257.89 million from that (the standard deviation). This year's change was 0.8 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 316.86 million in 2019 and the biggest yearly fall was 595.62 million in 2008. 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 79.97 million a year. A straight line explains 50% 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 41st highest value of the 54 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
- Luxembourg — 38th of 54: -587.7 million
- New Zealand — 39th of 54: -1.25 billion
- Austria — 40th of 54: -3.14 billion
- Ireland — 42nd of 54: -4.31 billion
- Kuwait — 43rd of 54: -4.47 billion
- Belgium — 44th of 54: -10.14 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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 27 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | -3,572,600,000 |
| 2023 | -3,646,200,000 |
| 2022 | -3,504,860,100 |
| 2021 | -3,139,000,000 |
| 2020 | -3,372,925,000 |
| 2019 | -3,511,868,000 |
| 2018 | -3,828,723,000 |
| 2017 | -3,774,000,000 |
| 2016 | -4,061,970,400 |
| 2015 | -4,320,421,100 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Afghanistan — 417.86 billion (2024)
- Algeria — 342.08 billion (2024)
- Bahrain — -1.04 billion (2025)
- Djibouti — 1.65 billion (2024)
- Egypt, Arab Rep. — 1.8 trillion (2025)
- Iran, Islamic Rep. — 24.25 trillion (2015)
- Iraq — 464.62 billion (2024)
- Israel — 14.2 billion (2025)
- Jordan
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 net secondary income (net current transfers from abroad) (current LCU)?
- -3.57 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is down 507.98% from -587.62 million in 1998. The highest value was -575.03 million in 1999 and the lowest -4.32 billion in 2015.
- How does Oman rank?
- 41st highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Oman?
- In 2024, Oman's net secondary income (net current transfers from abroad) (current LCU) rose 73.6 million on 2023 (from -3.65 billion to -3.57 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was −122.34 million and a typical year strayed about 257.89 million from that (the standard deviation). This year's change was 0.8 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 NY.TRF.NCTR.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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