Oman: Trade openness
* indicates monthly or quarterly data series
| Oman |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 114.85 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1967 - 2024 |
| Average | 90.08 |
| Min - Max | 56.19 - 123.02 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 114.85 percent, an increase from 106.45 percent in 2023. In comparison, the world average is 90.58 percent, based on data from 166 countries. Historically, the average for Oman from 1967 to 2024 is 90.08 percent. The minimum value, 56.19 percent, was reached in 1967 while the maximum of 123.02 percent was recorded in 1973.
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* indicates monthly or quarterly data series
| Recent values | Oman: Trade openness |
|---|---|
| 2024 | 114.85 |
| 2023 | 106.45 |
| 2022 | 105.75 |
| 2021 | 95.95 |
| 2020 | 91.88 |
| 2019 | 86.48 |
| 2018 | 89.28 |
| 2017 | 88.95 |
Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 93.50 | 2024 | percent |
| Trade openness | 114.85 | 2024 | percent |
| Financial openness | 1.785 | 2022 | index points |
| Exports, percent of GDP | 66.07 | 2024 | percent |
| Exports, billion dollars | 70.79 | 2024 | billion U.S. dollars |
| Growth of exports | 9.14 | 2024 | percent |
| Imports, percent of GDP | 48.78 | 2024 | percent |
| Imports, billion dollars | 52.26 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 11.64 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 12.47 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -982.83 | 2024 | million dollars (current) |
| Current account, percent of GDP | 2.86 | 2024 | percent |
| Current account, in dollars | 3.07 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | 17.29 | 2024 | percent |
| Trade balance, in dollars | 18.53 | 2024 | billion U.S. dollars |
| Reserves | 18.29 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.04 | 2024 | percent |
| Remittances | 39.01 | 2024 | million U.S. dollars |
| Net errors and omissions | -1,005.83 | 2024 | million USD |