Angola: Oil rents (% of GDP)
In , Angola's Oil rents (% of GDP) was 28.27.
That's up 52.2% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Angola ranks #4 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #2 of 46.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 52.10
- Trough
- 12.72
- 1-year change
- +52.2%
- 5-year change
- +43.2%
- +7.4% / yr
- 10-year change
- -26.8%
- -3.1% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 28.2744 | |
| 18.5720 | |
| 27.5048 | |
| 30.7304 | |
| 24.7110 | |
| 19.7484 | |
| 12.7187 | |
| 21.7366 | |
| 29.0015 | |
| 34.3328 |
About Oil rents (% of GDP)
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Indicator code: NY.GDP.PETR.RT.ZS • Category: Economy
Frequently asked questions
- What was Angola's Oil rents (% of GDP) in 2021?
- In 2021, Angola's Oil rents (% of GDP) was 28.27, according to World Bank Open Data.
- Is Angola's Oil rents (% of GDP) rising or falling?
- Angola's Oil rents (% of GDP) rose 52.2% from 2020 to 2021.
- How does Angola rank globally on Oil rents (% of GDP)?
- In 2021, Angola ranked #4 out of 190 countries reporting Oil rents (% of GDP).
- How does Angola's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Angola is above the world average. Within Sub-Saharan Africa, it ranks #2 of 46.
- What is Oil rents (% of GDP) and how is it measured?
- Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS), CC BY 4.0.