Italy: Oil rents (% of GDP)
In , Italy's Oil rents (% of GDP) was 0.08.
That's up 93.2% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Italy ranks #74 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #19 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
Highlights
- Peak
- 0.11
- Trough
- 0.02
- 1-year change
- +93.2%
- 5-year change
- +222.4%
- +26.4% / yr
- 10-year change
- -23.8%
- -2.7% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0770 | |
| 0.0399 | |
| 0.0558 | |
| 0.0660 | |
| 0.0387 | |
| 0.0239 | |
| 0.0462 | |
| 0.0968 | |
| 0.0998 | |
| 0.1083 |
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 Italy's Oil rents (% of GDP) in 2021?
- In 2021, Italy's Oil rents (% of GDP) was 0.08, according to World Bank Open Data.
- Is Italy's Oil rents (% of GDP) rising or falling?
- Italy's Oil rents (% of GDP) rose 93.2% from 2020 to 2021.
- How does Italy rank globally on Oil rents (% of GDP)?
- In 2021, Italy ranked #74 out of 190 countries reporting Oil rents (% of GDP).
- How does Italy's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Italy is below the world average. Within Europe & Central Asia, it ranks #19 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.