Georgia: Oil rents (% of GDP)
In , Georgia's Oil rents (% of GDP) was 0.03.
That's up 87.5% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Georgia ranks #87 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #26 of 49.
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
- 0.39
- Trough
- 0.02
- 1-year change
- +87.5%
- 5-year change
- +43.1%
- +7.4% / yr
- 10-year change
- -79.6%
- -14.7% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0293 | |
| 0.0156 | |
| 0.0303 | |
| 0.0347 | |
| 0.0278 | |
| 0.0205 | |
| 0.0410 | |
| 0.0996 | |
| 0.1104 | |
| 0.1301 |
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 Georgia's Oil rents (% of GDP) in 2021?
- In 2021, Georgia's Oil rents (% of GDP) was 0.03, according to World Bank Open Data.
- Is Georgia's Oil rents (% of GDP) rising or falling?
- Georgia's Oil rents (% of GDP) rose 87.5% from 2020 to 2021.
- How does Georgia rank globally on Oil rents (% of GDP)?
- In 2021, Georgia ranked #87 out of 190 countries reporting Oil rents (% of GDP).
- How does Georgia's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Georgia is below the world average. Within Europe & Central Asia, it ranks #26 of 49.
- 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.