Insurance and financial services (% of commercial service imports) in Oman
Oman: Insurance and financial services (% of commercial service imports) was 13.0% in 2025. ▲ Rising
Insurance and financial services in Oman, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in Oman stood at 13.0%.
The figure is down 10.7% on the previous year and up 0.3% over ten years.
Over the whole period, insurance and financial services in Oman peaked at 17.8% in 2020 and was at its lowest, 3.6%, in 1991.
Oman ranks 28th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Insurance and financial services (% of commercial service imports) in Oman, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1974 | 5.9% | — |
| 1975 | 6.5% | +9.8% |
| 1976 | 6.3% | -3.4% |
| 1977 | 6.2% | -0.6% |
| 1978 | 6.6% | +5.1% |
| 1979 | 6.1% | -7.4% |
| 1980 | 3.8% | -37.6% |
| 1981 | 3.9% | +2.5% |
| 1982 | 4.1% | +5.3% |
| 1983 | 3.8% | -6.8% |
| 1984 | 4.4% | +14.4% |
| 1985 | 4.7% | +8.2% |
| 1986 | 3.7% | -21.0% |
| 1987 | 4.1% | +10.2% |
| 1988 | 4.5% | +9.0% |
| 1989 | 4.3% | -2.9% |
| 1990 | 4.1% | -6.5% |
| 1991 | 3.6% | -11.1% |
| 1992 | 4.4% | +20.8% |
| 1993 | 4.9% | +13.4% |
| 1994 | 4.7% | -6.0% |
| 1995 | 4.6% | -0.1% |
| 1996 | 4.5% | -3.4% |
| 1997 | 4.1% | -8.0% |
| 1998 | 4.4% | +6.6% |
| 1999 | 6.0% | +36.2% |
| 2000 | 6.5% | +7.9% |
| 2001 | 5.1% | -21.6% |
| 2002 | 9.1% | +80.2% |
| 2003 | 8.6% | -5.9% |
| 2004 | 7.6% | -12.1% |
| 2005 | 9.0% | +19.8% |
| 2006 | 10.8% | +19.8% |
| 2007 | 13.0% | +20.3% |
| 2008 | 10.7% | -18.3% |
| 2009 | 15.1% | +41.5% |
| 2010 | 14.1% | -6.7% |
| 2011 | 12.9% | -8.2% |
| 2012 | 12.3% | -4.9% |
| 2013 | 11.7% | -4.7% |
| 2014 | 12.1% | +3.8% |
| 2015 | 12.9% | +6.4% |
| 2016 | 12.1% | -6.0% |
| 2017 | 12.1% | -0.2% |
| 2018 | 12.0% | -1.3% |
| 2019 | 12.3% | +2.4% |
| 2020 | 17.8% | +45.5% |
| 2021 | 16.6% | -7.2% |
| 2022 | 14.1% | -15.0% |
| 2023 | 13.8% | -2.3% |
| 2024 | 14.5% | +5.5% |
| 2025 | 13.0% | -10.7% |
Oman compared with similar countries
- Oman's 13.0% is above the median for high income countries, which is 6.4%, 2.0× the median. (72 countries reporting)
- Oman's 13.0% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 1.9× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Oman changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +80.2% | 5.1% | 9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 5.9% | 6.6% | 6 |
| 1980s | 4.1% | 3.7% | 4.7% | 10 |
| 1990s | 4.5% | 3.6% | 6.0% | 10 |
| 2000s | 9.5% | 5.1% | 15.1% | 10 |
| 2010s | 12.5% | 11.7% | 14.1% | 10 |
| 2020s | 14.9% | 13.0% | 17.8% | 6 |
Countries ranked near Oman
More private sector data for Oman
- Merchandise trade 91.0% (2025)
- Food imports 14.9% (2025)
- Manufactures imports 55.6% (2025)
- Merchandise imports 44.50 billion current US$ (2025)
- Commercial service imports 12.82 billion current US$ (2025)
- Food exports 4.3% (2025)
- Manufactures exports 17.3% (2025)
- Merchandise exports 55.28 billion current US$ (2025)
- Commercial service exports 5.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 10,060 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Oman?
- Insurance and financial services in Oman was 13.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Oman?
- The highest recorded value was 17.8% in 2020.
- What is the lowest insurance and financial services recorded in Oman?
- The lowest recorded value was 3.6% in 1991.
- How does Oman rank for insurance and financial services?
- Oman ranks 28th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Oman?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is rising.
- Where does this Oman data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.