Argentina: Oil rents (% of GDP)
In , Argentina's Oil rents (% of GDP) was 1.54.
That's up 128.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Argentina ranks #37 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #8 of 35.
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
- 4.59
- Trough
- 0.55
- 1-year change
- +128.1%
- 5-year change
- +181.0%
- +23.0% / yr
- 10-year change
- -43.7%
- -5.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 1.5444 | |
| 0.6771 | |
| 1.2910 | |
| 1.3110 | |
| 0.6636 | |
| 0.5496 | |
| 0.6939 | |
| 2.0927 | |
| 2.2539 | |
| 2.5565 |
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 Argentina's Oil rents (% of GDP) in 2021?
- In 2021, Argentina's Oil rents (% of GDP) was 1.54, according to World Bank Open Data.
- Is Argentina's Oil rents (% of GDP) rising or falling?
- Argentina's Oil rents (% of GDP) rose 128.1% from 2020 to 2021.
- How does Argentina rank globally on Oil rents (% of GDP)?
- In 2021, Argentina ranked #37 out of 190 countries reporting Oil rents (% of GDP).
- How does Argentina's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Argentina is below the world average. Within Latin America & Caribbean, it ranks #8 of 35.
- 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.