Niger: Oil rents (% of GDP)
In , Niger's Oil rents (% of GDP) was 0.62.
That's up 58.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Niger ranks #48 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #12 of 46.
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
- 4.23
- Trough
- 0.00
- 1-year change
- +58.1%
- 5-year change
- -32.4%
- -7.5% / yr
- 10-year change
- -30.6%
- -3.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.6227 | |
| 0.3937 | |
| 0.9337 | |
| 1.3871 | |
| 1.2977 | |
| 0.9209 | |
| 0.9007 | |
| 2.7968 | |
| 4.2304 | |
| 2.6687 |
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 Niger's Oil rents (% of GDP) in 2021?
- In 2021, Niger's Oil rents (% of GDP) was 0.62, according to World Bank Open Data.
- Is Niger's Oil rents (% of GDP) rising or falling?
- Niger's Oil rents (% of GDP) rose 58.1% from 2020 to 2021.
- How does Niger rank globally on Oil rents (% of GDP)?
- In 2021, Niger ranked #48 out of 190 countries reporting Oil rents (% of GDP).
- How does Niger's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Niger is below the world average. Within Sub-Saharan Africa, it ranks #12 of 46.
- 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.