Canada: Oil rents (% of GDP)
In , Canada's Oil rents (% of GDP) was 2.83.
That's up 218.3% from 2020, the highest value on record.
The global average for this indicator in 2021 was 2.59 . Canada ranks #29 globally out of 190 reporting countries. Within North America, it ranks #1 of 3.
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
- 2.83
- Trough
- 0.03
- 1-year change
- +218.3%
- 5-year change
- +499.9%
- +43.1% / yr
- 10-year change
- +71.3%
- +5.5% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 2.8298 | |
| 0.8889 | |
| 1.6200 | |
| 1.5056 | |
| 0.8168 | |
| 0.4717 | |
| 0.0346 | |
| 1.1651 | |
| 1.2501 | |
| 0.8730 |
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 Canada's Oil rents (% of GDP) in 2021?
- In 2021, Canada's Oil rents (% of GDP) was 2.83, according to World Bank Open Data.
- Is Canada's Oil rents (% of GDP) rising or falling?
- Canada's Oil rents (% of GDP) rose 218.3% from 2020 to 2021.
- How does Canada rank globally on Oil rents (% of GDP)?
- In 2021, Canada ranked #29 out of 190 countries reporting Oil rents (% of GDP).
- How does Canada's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Canada is above the world average. Within North America, it ranks #1 of 3.
- 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.