Nicaragua: Oil rents (% of GDP)
In , Nicaragua's Oil rents (% of GDP) was 0.02.
That's up 143.8% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Nicaragua ranks #91 globally out of 190 reporting countries. Within Latin America & Caribbean, it ranks #16 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
- 0.24
- Trough
- 0.00
- 1-year change
- +143.8%
- 5-year change
- +167.3%
- +21.7% / yr
- 10-year change
- -60.4%
- -8.8% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0206 | |
| 0.0084 | |
| 0.0179 | |
| 0.0216 | |
| 0.0129 | |
| 0.0077 | |
| 0.0000 | |
| 0.0341 | |
| 0.0405 | |
| 0.0463 |
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 Nicaragua's Oil rents (% of GDP) in 2021?
- In 2021, Nicaragua's Oil rents (% of GDP) was 0.02, according to World Bank Open Data.
- Is Nicaragua's Oil rents (% of GDP) rising or falling?
- Nicaragua's Oil rents (% of GDP) rose 143.8% from 2020 to 2021.
- How does Nicaragua rank globally on Oil rents (% of GDP)?
- In 2021, Nicaragua ranked #91 out of 190 countries reporting Oil rents (% of GDP).
- How does Nicaragua's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Nicaragua is below the world average. Within Latin America & Caribbean, it ranks #16 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.