Kuwait: Oil rents (% of GDP)
In , Kuwait's Oil rents (% of GDP) was 27.58.
That's down 28.6% from 2019, the highest value since .
The global average for this indicator in 2020 was 2.59 .
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2020
Trend (2002–2020)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 58.37
- Trough
- 27.58
- 1-year change
- -28.6%
- 5-year change
- -24.3%
- -5.4% / yr
- 10-year change
- -42.8%
- -5.4% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 27.5817 | |
| 38.6553 | |
| 44.0491 | |
| 36.0091 | |
| 31.6732 | |
| 36.4483 | |
| 53.2396 | |
| 55.5579 | |
| 57.4130 | |
| 58.3689 |
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 Kuwait's Oil rents (% of GDP) in 2020?
- In 2020, Kuwait's Oil rents (% of GDP) was 27.58, according to World Bank Open Data.
- Is Kuwait's Oil rents (% of GDP) rising or falling?
- Kuwait's Oil rents (% of GDP) fell 28.6% from 2019 to 2020.
- How does Kuwait's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2020 was 2.59, so Kuwait is above the world average.
- 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.