Mongolia: Oil rents (% of GDP)
In , Mongolia's Oil rents (% of GDP) was 1.50.
That's up 163.7% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Mongolia ranks #38 globally out of 190 reporting countries. Within East Asia & Pacific, it ranks #5 of 31.
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
- 3.64
- Trough
- 0.15
- 1-year change
- +163.7%
- 5-year change
- +3.5%
- +0.7% / yr
- 10-year change
- -22.1%
- -2.5% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 1.4972 | |
| 0.5678 | |
| 1.4439 | |
| 2.2257 | |
| 1.7498 | |
| 1.4469 | |
| 1.7166 | |
| 3.6358 | |
| 2.7279 | |
| 2.1299 |
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 Mongolia's Oil rents (% of GDP) in 2021?
- In 2021, Mongolia's Oil rents (% of GDP) was 1.50, according to World Bank Open Data.
- Is Mongolia's Oil rents (% of GDP) rising or falling?
- Mongolia's Oil rents (% of GDP) rose 163.7% from 2020 to 2021.
- How does Mongolia rank globally on Oil rents (% of GDP)?
- In 2021, Mongolia ranked #38 out of 190 countries reporting Oil rents (% of GDP).
- How does Mongolia's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Mongolia is below the world average. Within East Asia & Pacific, it ranks #5 of 31.
- 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.