Kuwait: Natural gas rents (% of GDP)
In , Kuwait's Natural gas rents (% of GDP) was 1.70.
That's up 43.9% from 2019, the highest value on record.
The global average for this indicator in 2020 was 0.93 .
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS) • Data as of 2020
Trend (2002–2020)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 1.70
- Trough
- 0.57
- 1-year change
- +43.9%
- 5-year change
- +96.9%
- +14.5% / yr
- 10-year change
- +168.0%
- +10.4% / yr
Historical Data — Last 10 Years
| Year | Natural gas rents (% of GDP) |
|---|---|
| 1.7027 | |
| 1.1829 | |
| 1.1029 | |
| 0.7482 | |
| 0.6903 | |
| 0.8646 | |
| 0.7313 | |
| 0.7844 | |
| 0.7316 | |
| 0.7004 |
About Natural gas rents (% of GDP)
Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Indicator code: NY.GDP.NGAS.RT.ZS • Category: Economy
Frequently asked questions
- What was Kuwait's Natural gas rents (% of GDP) in 2020?
- In 2020, Kuwait's Natural gas rents (% of GDP) was 1.70, according to World Bank Open Data.
- Is Kuwait's Natural gas rents (% of GDP) rising or falling?
- Kuwait's Natural gas rents (% of GDP) rose 43.9% from 2019 to 2020.
- How does Kuwait's Natural gas rents (% of GDP) compare to the world average?
- The global average for Natural gas rents (% of GDP) in 2020 was 0.93, so Kuwait is above the world average.
- What is Natural gas rents (% of GDP) and how is it measured?
- Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS), CC BY 4.0.