Oman: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 7.04 billion Rial Omani as of November 2024, a decline compared to the previous value of 7.21 billion Rial Omani. Historically, the average for Oman from January 2004 to November 2024 is 5.32 billion Rial Omani. The minimum of 1.22 billion Rial Omani was recorded in September 2004, while the maximum of 8.73 billion Rial Omani was reached in July 2016.
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* indicates monthly or quarterly data series
- Measure: billion Rial Omani
- Source: Central Bank of Oman
| Recent values | Oman: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Nov | 7.04 |
| 2024 Oct | 7.21 |
| 2024 Sep | 7.49 |
| 2024 Aug | 6.85 |
| 2024 Jul | 6.77 |
| 2024 Jun | 6.99 |
| 2024 May | 7.37 |
| 2024 Apr | 6.77 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 96.91 | 2021 | percent |
| Trade openness | 100.58 | 2022 | percent |
| Financial openness | 2.046 | 2021 | index points |
| Exports, percent of GDP | 59.20 | 2022 | percent |
| Exports, billion dollars | 66.27 | 2022 | billion U.S. dollars |
| Growth of exports | 14.19 | 2021 | percent |
| Imports, percent of GDP | 41.39 | 2021 | percent |
| Imports, billion dollars | 46.33 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.39 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 12.49 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -964.63 | 2023 | million dollars (current) |
| Current account, percent of GDP | 5.02 | 2022 | percent |
| Current account, in dollars | 2.64 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 11.14 | 2021 | percent |
| Trade balance, in dollars | 17.34 | 2023 | billion U.S. dollars |
| Reserves | 17.45 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.04 | 2023 | percent |
| Remittances | 39.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 557.68 | 2023 | million USD |
| Foreign exchange reserves | 7.04 | 11/2024 | billion |