Guyana: Oil rents (% of GDP)
In , Guyana's Oil rents (% of GDP) was 22.08.
That's up 199.4% from 2020, the highest value on record.
The global average for this indicator in 2021 was 2.59 . Guyana ranks #7 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #1 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
- 22.08
- Trough
- 0.00
- 1-year change
- +199.4%
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 22.0822 | |
| 7.3764 | |
| 0.0849 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 | |
| 0.0000 |
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 Guyana's Oil rents (% of GDP) in 2021?
- In 2021, Guyana's Oil rents (% of GDP) was 22.08, according to World Bank Open Data.
- Is Guyana's Oil rents (% of GDP) rising or falling?
- Guyana's Oil rents (% of GDP) rose 199.4% from 2020 to 2021.
- How does Guyana rank globally on Oil rents (% of GDP)?
- In 2021, Guyana ranked #7 out of 190 countries reporting Oil rents (% of GDP).
- How does Guyana's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Guyana is above the world average. Within Latin America & Caribbean, it ranks #1 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.