Oman's total reserves in months of imports was 3.74 in 2024, the latest year in the World Bank's World Development Indicators. That is down 17.21% from 4.52 in 2014 (1.87% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.74 | 2024 |
| Five years earlier | 5 | 2019 |
| Ten years earlier | 4.52 | 2014 |
| Highest | 7.11 | 2016 |
| Lowest | 1.22 | 1974 |
| Average since 2015 | 4.84 | 2015–2024 |
| First recorded | 1.22 | 1974 |
What the numbers say
In 2024, Oman's total reserves in months of imports fell 1.9% on 2023 (from 3.82 to 3.74).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.7% and a typical year strayed about 21% from that (the standard deviation). This year's change was 0.2 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 82.9% in 1987 and the biggest yearly fall was 32.1% in 1988. 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 downward, about 0.26 a year. A straight line explains 61% 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 22nd 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.
| Value | Year | |
|---|---|---|
| Oman | 3.74 | 2024 |
| World | 8.62 | 2025 |
| High income | 7.91 | 2025 |
Closest to Oman in the 2024 ranking
- Namibia — 19th of 36: 3.96
- Bahamas, The — 20th of 36: 3.95
- Kyrgyz Republic — 21st of 36: 3.95
- Seychelles — 23rd of 36: 3.67
- Mozambique — 24th of 36: 3.44
- Zambia — 25th of 36: 3.29
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].
Regional and income-group figures are computed by the World Bank as a weighted average.
All 51 values
| Year | Total reserves in months of imports |
|---|---|
| 2024 | 3.74 |
| 2023 | 3.82 |
| 2022 | 3.71 |
| 2021 | 5.25 |
| 2020 | 4.48 |
| 2019 | 5 |
| 2018 | 4.98 |
| 2017 | 4.94 |
| 2016 | 7.11 |
| 2015 | 5.31 |
| 2014 |
Total reserves in months of imports in nearby economies
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 total reserves in months of imports?
- 3.74 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 205.63% from 1.22 in 1974 (2.26% a year on average, compounded). The highest value was 7.11 in 2016 and the lowest 1.22 in 1974.
- How does Oman rank?
- 22nd highest of 36 economies with data for 2024.
- Is the latest change in total reserves in months of imports unusual for Oman?
- In 2024, Oman's total reserves in months of imports fell 1.9% on 2023 (from 3.82 to 3.74). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.7% and a typical year strayed about 21% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator FI.RES.TOTL.MO, 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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