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
For that indicator, we provide data for Oman from 2003 to 2022. The average value for Oman during that period was -4.17 percent with a minimum of -21.1 percent in 2016 and a maximum of 2.6 percent in 2005. The latest value from 2022 is 2.6 percent. For comparison, the world average in 2022 based on 155 countries is -2.43 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Oman - Fiscal balance, percent of GDP - historical chart - 2003-2022




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 22.14 2021 percent
 Government spending, in dollars 19.53 2021 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
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