Belgium: Oil rents (% of GDP)
In , Belgium's Oil rents (% of GDP) was 0.03.
That's up 111.9% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Belgium ranks #86 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #25 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
- 0.05
- Trough
- 0.00
- 1-year change
- +111.9%
- 5-year change
- +170.3%
- +22.0% / yr
- 10-year change
- -32.8%
- -3.9% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0313 | |
| 0.0148 | |
| 0.0271 | |
| 0.0292 | |
| 0.0205 | |
| 0.0116 | |
| 0.0157 | |
| 0.0481 | |
| 0.0398 | |
| 0.0447 |
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 Belgium's Oil rents (% of GDP) in 2021?
- In 2021, Belgium's Oil rents (% of GDP) was 0.03, according to World Bank Open Data.
- Is Belgium's Oil rents (% of GDP) rising or falling?
- Belgium's Oil rents (% of GDP) rose 111.9% from 2020 to 2021.
- How does Belgium rank globally on Oil rents (% of GDP)?
- In 2021, Belgium ranked #86 out of 190 countries reporting Oil rents (% of GDP).
- How does Belgium's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Belgium is below the world average. Within Europe & Central Asia, it ranks #25 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.