Colombia: Oil rents (% of GDP)
In , Colombia's Oil rents (% of GDP) was 3.42.
That's up 119.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Colombia ranks #26 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #4 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
- 6.93
- Trough
- 1.56
- 1-year change
- +119.1%
- 5-year change
- +83.9%
- +13.0% / yr
- 10-year change
- -50.6%
- -6.8% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 3.4240 | |
| 1.5628 | |
| 3.1427 | |
| 3.6401 | |
| 2.4258 | |
| 1.8618 | |
| 2.6277 | |
| 5.2638 | |
| 5.8741 | |
| 6.2053 |
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 Colombia's Oil rents (% of GDP) in 2021?
- In 2021, Colombia's Oil rents (% of GDP) was 3.42, according to World Bank Open Data.
- Is Colombia's Oil rents (% of GDP) rising or falling?
- Colombia's Oil rents (% of GDP) rose 119.1% from 2020 to 2021.
- How does Colombia rank globally on Oil rents (% of GDP)?
- In 2021, Colombia ranked #26 out of 190 countries reporting Oil rents (% of GDP).
- How does Colombia's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Colombia is above the world average. Within Latin America & Caribbean, it ranks #4 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.