Hungary: Oil rents (% of GDP)
In , Hungary's Oil rents (% of GDP) was 0.18.
That's up 120.6% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Hungary ranks #67 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #16 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
- 2004 · EU enlargement (10 new members)
Highlights
- Peak
- 0.24
- Trough
- 0.07
- 1-year change
- +120.6%
- 5-year change
- +161.4%
- +21.2% / yr
- 10-year change
- -19.0%
- -2.1% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.1839 | |
| 0.0834 | |
| 0.1443 | |
| 0.1336 | |
| 0.0927 | |
| 0.0703 | |
| 0.0838 | |
| 0.1685 | |
| 0.1943 | |
| 0.2373 |
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 Hungary's Oil rents (% of GDP) in 2021?
- In 2021, Hungary's Oil rents (% of GDP) was 0.18, according to World Bank Open Data.
- Is Hungary's Oil rents (% of GDP) rising or falling?
- Hungary's Oil rents (% of GDP) rose 120.6% from 2020 to 2021.
- How does Hungary rank globally on Oil rents (% of GDP)?
- In 2021, Hungary ranked #67 out of 190 countries reporting Oil rents (% of GDP).
- How does Hungary's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Hungary is below the world average. Within Europe & Central Asia, it ranks #16 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.