Jamaica: Oil rents (% of GDP)
In , Jamaica's Oil rents (% of GDP) was 0.29.
That's up 155.8% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Jamaica ranks #59 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #11 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
- 1.07
- Trough
- 0.00
- 1-year change
- +155.8%
- 5-year change
- +329.0%
- +33.8% / yr
- 10-year change
- -44.0%
- -5.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.2949 | |
| 0.1153 | |
| 0.2132 | |
| 0.2681 | |
| 0.1795 | |
| 0.0687 | |
| 0.0000 | |
| 0.4372 | |
| 0.4675 | |
| 0.4939 |
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 Jamaica's Oil rents (% of GDP) in 2021?
- In 2021, Jamaica's Oil rents (% of GDP) was 0.29, according to World Bank Open Data.
- Is Jamaica's Oil rents (% of GDP) rising or falling?
- Jamaica's Oil rents (% of GDP) rose 155.8% from 2020 to 2021.
- How does Jamaica rank globally on Oil rents (% of GDP)?
- In 2021, Jamaica ranked #59 out of 190 countries reporting Oil rents (% of GDP).
- How does Jamaica's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Jamaica is below the world average. Within Latin America & Caribbean, it ranks #11 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.