Oman: Imports, percent of GDP

* indicates monthly or quarterly data series
 Oman

Imports of goods and services as percent of GDP

 Latest value 41.39
 Year 2021
 Measure percent
 Data availability 1967 - 2021
 Average 38.40
 Min - Max 11.90 - 55.19
 Source The World Bank
For that indicator, we provide data for Oman from 1967 to 2021. The average value for Oman during that period was 38.4 percent with a minimum of 11.9 percent in 1969 and a maximum of 55.19 percent in 1973. The latest value from 2021 is 41.39 percent. For comparison, the world average in 2021 based on 160 countries is 48.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Oman - Imports, percent of GDP - Recent values chart

Historical chart
Oman - Imports, percent of GDP - historical chart - 1967-2021




The imports of Oman and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 96.91 2021 percent
 Trade openness 93.92 2021 percent
 Financial openness 2.046 2021 index points
 Exports, percent of GDP 52.53 2021 percent
 Exports, billion dollars 46.32 2021 billion U.S. dollars
 Growth of exports 14.19 2021 percent
 Imports, percent of GDP 41.39 2021 percent
 Imports, billion dollars 36.50 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.78 2022 percent
 Foreign Direct Investment, billion dollars 3.72 2022 billion U.S. dollars
 Portfolio investment inflows, equities 618.47 2021 million dollars (current)
 Current account, percent of GDP 5.02 2022 percent
 Current account, in dollars 5.75 2022 billion U.S. dollars
 Trade balance, percent of GDP 11.14 2021 percent
 Trade balance, in dollars 23.38 2022 billion U.S. dollars
 Reserves 17.61 2022 billion U.S. dollars
 Remittances, percent of GDP 0.03 2022 percent
 Remittances 39.39 2022 million U.S. dollars
 Net errors and omissions 787.29 2022 million USD
 Foreign exchange reserves 6.20 9/2023 billion
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