Iraq: Oil rents (% of GDP)
In , Iraq's Oil rents (% of GDP) was 42.79.
That's up 58.3% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Iraq ranks #2 globally out of 190 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #2 of 20.
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
- 65.16
- Trough
- 27.04
- 1-year change
- +58.3%
- 5-year change
- +29.8%
- +5.4% / yr
- 10-year change
- -16.0%
- -1.7% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 42.7871 | |
| 27.0350 | |
| 40.2313 | |
| 45.7659 | |
| 38.9203 | |
| 32.9651 | |
| 37.2575 | |
| 46.6039 | |
| 45.3314 | |
| 49.6111 |
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 Iraq's Oil rents (% of GDP) in 2021?
- In 2021, Iraq's Oil rents (% of GDP) was 42.79, according to World Bank Open Data.
- Is Iraq's Oil rents (% of GDP) rising or falling?
- Iraq's Oil rents (% of GDP) rose 58.3% from 2020 to 2021.
- How does Iraq rank globally on Oil rents (% of GDP)?
- In 2021, Iraq ranked #2 out of 190 countries reporting Oil rents (% of GDP).
- How does Iraq's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Iraq is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #2 of 20.
- 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.