Latvia: Oil rents (% of GDP)
In , Latvia's Oil rents (% of GDP) was 0.07.
That's up 108.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Latvia ranks #76 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #20 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
- 2004 · EU enlargement (10 new members)
Highlights
- Peak
- 0.14
- Trough
- 0.00
- 1-year change
- +108.1%
- 5-year change
- +242.5%
- +27.9% / yr
- 10-year change
- -31.3%
- -3.7% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0654 | |
| 0.0314 | |
| 0.0594 | |
| 0.0795 | |
| 0.0364 | |
| 0.0191 | |
| 0.0346 | |
| 0.0891 | |
| 0.0896 | |
| 0.1377 |
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 Latvia's Oil rents (% of GDP) in 2021?
- In 2021, Latvia's Oil rents (% of GDP) was 0.07, according to World Bank Open Data.
- Is Latvia's Oil rents (% of GDP) rising or falling?
- Latvia's Oil rents (% of GDP) rose 108.1% from 2020 to 2021.
- How does Latvia rank globally on Oil rents (% of GDP)?
- In 2021, Latvia ranked #76 out of 190 countries reporting Oil rents (% of GDP).
- How does Latvia's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Latvia is below the world average. Within Europe & Central Asia, it ranks #20 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.