Oman: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Oman |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | 2.60 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2003 - 2022 |
| Average | -4.17 |
| Min - Max | -21.10 - 2.60 |
| Source | Central Bank of Oman |
The latest value from 2022 is 2.6 percent, an increase from -3.6 percent in 2021. In comparison, the world average is -2.50 percent, based on data from 164 countries. Historically, the average for Oman from 2003 to 2022 is -4.17 percent. The minimum value, -21.1 percent, was reached in 2016 while the maximum of 2.6 percent was recorded in 2005.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 22.14 | 2021 | percent |
| Government spending, in dollars | 20.03 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 2.60 | 2022 | percent |
| Government debt | 40.20 | 2022 | percent |
| Commercial tax rate | 27.40 | 2019 | percent |
| Tax preparation time | 68 | 2019 | hours |
| Number of taxes | 15 | 2019 | taxes |
| Foreign aid | -21.61 | 2010 | million U.S. dollars |