Oman - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Oman was 7.44 as of 2020. Its highest value over the past 53 years was 62.70 in 1969, while its lowest value was -7.82 in 1998.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1967 11.34
1968 55.40
1969 62.70
1970 54.03
1971 33.65
1972 15.63
1973 12.63
1974 25.96
1975 16.86
1976 16.36
1977 14.26
1978 9.59
1979 20.35
1980 25.00
1981 26.60
1982 15.39
1983 15.58
1984 12.70
1985 12.65
1986 -1.68
1987 19.81
1988 8.65
1990 19.63
1991 8.32
1992 9.17
1993 5.00
1994 8.21
1995 8.48
1996 14.04
1997 11.45
1998 -7.82
1999 10.50
2000 27.78
2001 22.37
2002 21.18
2003 16.96
2004 12.51
2005 27.22
2006 24.51
2007 16.49
2008 21.30
2009 15.99
2010 21.80
2011 26.19
2012 23.37
2013 19.52
2014 20.60
2015 2.93
2016 -0.22
2017 2.48
2018 11.96
2019 12.51
2020 7.44

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts