Benin: Oil rents (% of GDP)
In , Benin's Oil rents (% of GDP) was 0.00.
That's down 100.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Benin ranks #177 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #42 of 46.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2021
Trend (2004–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 0.12
- Trough
- 0.00
- 1-year change
- -100.0%
- 5-year change
- -100.0%
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0000 | |
| 0.0451 | |
| 0.0979 | |
| 0.1165 | |
| 0.0875 | |
| 0.0515 | |
| 0.0534 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 |
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 Benin's Oil rents (% of GDP) in 2021?
- In 2021, Benin's Oil rents (% of GDP) was 0.00, according to World Bank Open Data.
- Is Benin's Oil rents (% of GDP) rising or falling?
- Benin's Oil rents (% of GDP) fell 100.0% from 2020 to 2021.
- How does Benin rank globally on Oil rents (% of GDP)?
- In 2021, Benin ranked #177 out of 190 countries reporting Oil rents (% of GDP).
- How does Benin's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Benin is below the world average. Within Sub-Saharan Africa, it ranks #42 of 46.
- 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.