Cuba: Oil rents (% of GDP)
In , Cuba's Oil rents (% of GDP) was 0.22.
That's down 59.1% from 2019, the highest value since .
The global average for this indicator in 2020 was 2.59 .
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2020
Trend (2002–2020)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 2.03
- Trough
- 0.22
- 1-year change
- -59.1%
- 5-year change
- -49.4%
- -12.7% / yr
- 10-year change
- -83.4%
- -16.4% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.2225 | |
| 0.5437 | |
| 0.7315 | |
| 0.4577 | |
| 0.3254 | |
| 0.4400 | |
| 1.2554 | |
| 1.4428 | |
| 1.6662 | |
| 1.8402 |
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 Cuba's Oil rents (% of GDP) in 2020?
- In 2020, Cuba's Oil rents (% of GDP) was 0.22, according to World Bank Open Data.
- Is Cuba's Oil rents (% of GDP) rising or falling?
- Cuba's Oil rents (% of GDP) fell 59.1% from 2019 to 2020.
- How does Cuba's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2020 was 2.59, so Cuba is below the world average.
- 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.