Gabon: Oil rents (% of GDP)
In , Gabon's Oil rents (% of GDP) was 15.56.
That's up 55.9% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Gabon ranks #12 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #4 of 46.
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
- 38.28
- Trough
- 9.02
- 1-year change
- +55.9%
- 5-year change
- +72.5%
- +11.5% / yr
- 10-year change
- -58.4%
- -8.4% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 15.5565 | |
| 9.9798 | |
| 16.6842 | |
| 18.3274 | |
| 14.3933 | |
| 9.0185 | |
| 9.9864 | |
| 22.1628 | |
| 30.2411 | |
| 38.2761 |
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 Gabon's Oil rents (% of GDP) in 2021?
- In 2021, Gabon's Oil rents (% of GDP) was 15.56, according to World Bank Open Data.
- Is Gabon's Oil rents (% of GDP) rising or falling?
- Gabon's Oil rents (% of GDP) rose 55.9% from 2020 to 2021.
- How does Gabon rank globally on Oil rents (% of GDP)?
- In 2021, Gabon ranked #12 out of 190 countries reporting Oil rents (% of GDP).
- How does Gabon's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Gabon is above the world average. Within Sub-Saharan Africa, it ranks #4 of 46.
- 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.