macro
Oman · Current Account · % GDP
Latest
-1.09pct_gdp
Methodology
## What this measures
What Oman earns from the rest of the world — exports, income, transfers — minus what it pays out. Negative means the country borrows from abroad to cover the gap.
## Why it matters
Deficits have to be financed by foreign capital, which can leave faster than it came. It is the single best early warning of a currency crisis in an emerging economy.
## How to read it
A deficit is sustainable while it funds investment and the capital keeps coming; watch it together with the currency.
## What it does not say
Reserve-currency issuers (the United States) can run persistent deficits that would break other countries.
## Source
Source: World Bank, World Development Indicators (CC BY 4.0), indicator `BN.CAB.XOKA.GD.ZS`, annual.
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