Oman Current Account to GDP

Oman recorded a Current Account surplus of 10.40 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Oman is reported by the Central Bank of Oman. From 1980 until 2012, Oman Current Account to GDP averaged 3.7 Percent reaching an all time high of 17.8 Percent in December of 1981 and a record low of -22.5 Percent in December of 1998. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Oman Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
10.40 12.80 17.84 -22.47 10.73 | 2013/12 1980 - 2012 Percent Yearly

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Oman Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Crude Oil Production 945.00 2013-12-15 950.00 1057.00 693.00 947.40 2014-01-31 Thousands Barrels per Day [+]
Balance of Trade 673.60 2013-12-31 818.40 2379.00 -117.60 749.95 2014-01-31 OMR Million [+]
Current Account 3131.00 2012-06-29 3447.00 3447.00 -1177.00 3175.06 2012-12-31 OMR Million [+]
Current Account to GDP 10.40 2012-12-31 12.80 17.84 -22.47 10.73 2013-12-31 Percent [+]
Exports 1851.60 2013-12-15 1838.00 1992.00 423.00 1914.27 2014-01-31 OMR Million [+]
Imports 1178.00 2013-12-15 1021.70 1392.10 242.50 1054.95 2014-01-31 OMR Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Oman Changes in Inventories at -832.10 OMR Million  
Changes in Inventories in Oman decreased to -832.10 OMR Million in 2011 from -825.30 OMR Million in 2010. Changes in Inventories in Oman is reported by the Ministry of National Economy, Oman.
Oman Consumer Price Index (CPI) at 101.30 Index Points  
Consumer Price Index (CPI) in Oman decreased to 101.30 Index Points in February of 2014 from 101.90 Index Points in January of 2014. Consumer Price Index (CPI) in Oman is reported by the Ministry of National Economy, Oman.
Oman Crude Oil Production at 945.00 Thousands Barrels per Day  
Crude Oil Production in Oman decreased to 945 Thousands Barrels per Day in December of 2013 from 950 Thousands Barrels per Day in November of 2013. Crude Oil Production in Oman is reported by the U.S. Energy Information Administration.
Oman Foreign Exchange Reserves at 6993.30 OMR Million  
Foreign Exchange Reserves in Oman increased to 6993.30 OMR Million in March of 2014 from 6564.30 OMR Million in February of 2014. Foreign Exchange Reserves in Oman is reported by the Central Bank of Oman.
Oman GDP Current Prices at 29797.70 OMR Million  
GDP Constant Prices in Oman increased to 29797.70 OMR Million in 2012 from 26904.20 OMR Million in 2011. GDP Constant Prices in Oman is reported by the Ministry Of National Economy, Oman.
Oman Government Budget Value at 144.00 OMR Million  
Oman recorded a government budget surplus of 144 OMR Million in February of 2014. Government Budget Value in Oman is reported by the Ministry Of National Economy, Oman.
Oman Government Spending at 3298.80 OMR Million  
Government Spending in Oman increased to 3298.80 OMR Million in 2011 from 3071.50 OMR Million in 2010. Government Spending in Oman is reported by the Ministry of National Economy, Oman.
Oman Gross Fixed Capital Formation at 4941.20 OMR Million  
Gross Fixed Capital Formation in Oman increased to 4941.20 OMR Million in 2011 from 4579.20 OMR Million in 2010. Gross Fixed Capital Formation in Oman is reported by the Ministry Of National Economy, Oman.
Oman Current Account at 3131.00 OMR Million  
Oman recorded a Current Account surplus of 3131 OMR Million in 2012. Current Account in Oman is reported by the Central Bank of Oman.
Oman Exports at 1851.60 OMR Million  
Exports in Oman increased to 1851.60 OMR Million in December of 2013 from 1838 OMR Million in November of 2013. Exports in Oman is reported by the National Center for Statistics & Information - Oman.
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