Belize: Oil rents (% of GDP)
In , Belize's Oil rents (% of GDP) was 0.28.
That's up 106.6% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Belize ranks #62 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #12 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
- 5.39
- Trough
- 0.00
- 1-year change
- +106.6%
- 5-year change
- -13.5%
- -2.9% / yr
- 10-year change
- -94.8%
- -25.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.2803 | |
| 0.1356 | |
| 0.3365 | |
| 0.5024 | |
| 0.3831 | |
| 0.3242 | |
| 0.5019 | |
| 1.6682 | |
| 2.3782 | |
| 3.6162 |
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 Belize's Oil rents (% of GDP) in 2021?
- In 2021, Belize's Oil rents (% of GDP) was 0.28, according to World Bank Open Data.
- Is Belize's Oil rents (% of GDP) rising or falling?
- Belize's Oil rents (% of GDP) rose 106.6% from 2020 to 2021.
- How does Belize rank globally on Oil rents (% of GDP)?
- In 2021, Belize ranked #62 out of 190 countries reporting Oil rents (% of GDP).
- How does Belize's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Belize is below the world average. Within Latin America & Caribbean, it ranks #12 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.