China: Oil rents (% of GDP)
In , China's Oil rents (% of GDP) was 0.31.
That's up 170.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . China ranks #58 globally out of 190 reporting countries. Within East Asia & Pacific, it ranks #9 of 31.
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
- 2.23
- Trough
- 0.11
- 1-year change
- +170.0%
- 5-year change
- +25.5%
- +4.6% / yr
- 10-year change
- -80.0%
- -14.9% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.3086 | |
| 0.1143 | |
| 0.2985 | |
| 0.4130 | |
| 0.3138 | |
| 0.2459 | |
| 0.3352 | |
| 0.8881 | |
| 1.0761 | |
| 1.2835 |
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 China's Oil rents (% of GDP) in 2021?
- In 2021, China's Oil rents (% of GDP) was 0.31, according to World Bank Open Data.
- Is China's Oil rents (% of GDP) rising or falling?
- China's Oil rents (% of GDP) rose 170.0% from 2020 to 2021.
- How does China rank globally on Oil rents (% of GDP)?
- In 2021, China ranked #58 out of 190 countries reporting Oil rents (% of GDP).
- How does China's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so China is below the world average. Within East Asia & Pacific, it ranks #9 of 31.
- 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.