Ecuador: Oil rents (% of GDP)
In , Ecuador's Oil rents (% of GDP) was 6.40.
That's up 149.9% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Ecuador ranks #21 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #3 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
- 18.65
- Trough
- 2.56
- 1-year change
- +149.9%
- 5-year change
- +96.3%
- +14.4% / yr
- 10-year change
- -60.0%
- -8.8% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 6.4033 | |
| 2.5628 | |
| 5.5263 | |
| 6.7591 | |
| 4.5129 | |
| 3.2616 | |
| 4.1948 | |
| 11.0826 | |
| 12.2979 | |
| 13.9639 |
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 Ecuador's Oil rents (% of GDP) in 2021?
- In 2021, Ecuador's Oil rents (% of GDP) was 6.40, according to World Bank Open Data.
- Is Ecuador's Oil rents (% of GDP) rising or falling?
- Ecuador's Oil rents (% of GDP) rose 149.9% from 2020 to 2021.
- How does Ecuador rank globally on Oil rents (% of GDP)?
- In 2021, Ecuador ranked #21 out of 190 countries reporting Oil rents (% of GDP).
- How does Ecuador's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Ecuador is above the world average. Within Latin America & Caribbean, it ranks #3 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.