Guatemala: Oil rents (% of GDP)
In , Guatemala's Oil rents (% of GDP) was 0.12.
That's up 121.7% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Guatemala ranks #69 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #14 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
- 0.89
- Trough
- 0.05
- 1-year change
- +121.7%
- 5-year change
- +46.4%
- +7.9% / yr
- 10-year change
- -80.0%
- -14.9% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.1181 | |
| 0.0533 | |
| 0.1399 | |
| 0.1766 | |
| 0.1192 | |
| 0.0807 | |
| 0.1238 | |
| 0.3638 | |
| 0.4188 | |
| 0.5210 |
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 Guatemala's Oil rents (% of GDP) in 2021?
- In 2021, Guatemala's Oil rents (% of GDP) was 0.12, according to World Bank Open Data.
- Is Guatemala's Oil rents (% of GDP) rising or falling?
- Guatemala's Oil rents (% of GDP) rose 121.7% from 2020 to 2021.
- How does Guatemala rank globally on Oil rents (% of GDP)?
- In 2021, Guatemala ranked #69 out of 190 countries reporting Oil rents (% of GDP).
- How does Guatemala's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Guatemala is below the world average. Within Latin America & Caribbean, it ranks #14 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.