Azerbaijan: Oil rents (% of GDP)
In , Azerbaijan's Oil rents (% of GDP) was 20.98.
That's up 88.2% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Azerbaijan ranks #8 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #1 of 49.
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
- 39.58
- Trough
- 11.15
- 1-year change
- +88.2%
- 5-year change
- +64.2%
- +10.4% / yr
- 10-year change
- -29.6%
- -3.4% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 20.9834 | |
| 11.1477 | |
| 20.4577 | |
| 24.1724 | |
| 17.1236 | |
| 12.7826 | |
| 12.0696 | |
| 20.2463 | |
| 22.5838 | |
| 25.8178 |
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 Azerbaijan's Oil rents (% of GDP) in 2021?
- In 2021, Azerbaijan's Oil rents (% of GDP) was 20.98, according to World Bank Open Data.
- Is Azerbaijan's Oil rents (% of GDP) rising or falling?
- Azerbaijan's Oil rents (% of GDP) rose 88.2% from 2020 to 2021.
- How does Azerbaijan rank globally on Oil rents (% of GDP)?
- In 2021, Azerbaijan ranked #8 out of 190 countries reporting Oil rents (% of GDP).
- How does Azerbaijan's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Azerbaijan is above the world average. Within Europe & Central Asia, it ranks #1 of 49.
- 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.