Ghana: Oil rents (% of GDP)
In , Ghana's Oil rents (% of GDP) was 4.06.
That's up 80.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Ghana ranks #25 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #7 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
- 5.08
- Trough
- 0.27
- 1-year change
- +80.0%
- 5-year change
- +305.0%
- +32.3% / yr
- 10-year change
- -20.2%
- -2.2% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 4.0550 | |
| 2.2528 | |
| 4.0691 | |
| 4.1465 | |
| 2.6056 | |
| 1.0012 | |
| 1.2915 | |
| 3.4210 | |
| 3.5147 | |
| 4.7816 |
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 Ghana's Oil rents (% of GDP) in 2021?
- In 2021, Ghana's Oil rents (% of GDP) was 4.06, according to World Bank Open Data.
- Is Ghana's Oil rents (% of GDP) rising or falling?
- Ghana's Oil rents (% of GDP) rose 80.0% from 2020 to 2021.
- How does Ghana rank globally on Oil rents (% of GDP)?
- In 2021, Ghana ranked #25 out of 190 countries reporting Oil rents (% of GDP).
- How does Ghana's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Ghana is above the world average. Within Sub-Saharan Africa, it ranks #7 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.