Barbados: Oil rents (% of GDP)
In , Barbados's Oil rents (% of GDP) was 0.31.
That's up 161.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Barbados ranks #57 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #10 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
- 0.45
- Trough
- 0.08
- 1-year change
- +161.1%
- 5-year change
- +293.5%
- +31.5% / yr
- 10-year change
- -30.7%
- -3.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.3094 | |
| 0.1185 | |
| 0.2113 | |
| 0.1931 | |
| 0.1140 | |
| 0.0786 | |
| 0.1051 | |
| 0.2933 | |
| 0.3458 | |
| 0.4218 |
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 Barbados's Oil rents (% of GDP) in 2021?
- In 2021, Barbados's Oil rents (% of GDP) was 0.31, according to World Bank Open Data.
- Is Barbados's Oil rents (% of GDP) rising or falling?
- Barbados's Oil rents (% of GDP) rose 161.1% from 2020 to 2021.
- How does Barbados rank globally on Oil rents (% of GDP)?
- In 2021, Barbados ranked #57 out of 190 countries reporting Oil rents (% of GDP).
- How does Barbados's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Barbados is below the world average. Within Latin America & Caribbean, it ranks #10 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.