Norway: Natural gas rents (% of GDP)
In , Norway's Natural gas rents (% of GDP) was 3.94.
That's up 333.4% from 2020, the highest value on record.
The global average for this indicator in 2021 was 0.93 . Norway ranks #16 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #4 of 49.
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 3.94
- Trough
- 0.82
- 1-year change
- +333.4%
- 5-year change
- +225.3%
- +26.6% / yr
- 10-year change
- +63.5%
- +5.0% / yr
Historical Data — Last 10 Years
| Year | Natural gas rents (% of GDP) |
|---|---|
| 3.9437 | |
| 0.9100 | |
| 1.6860 | |
| 2.3728 | |
| 1.6586 | |
| 1.2125 | |
| 1.9570 | |
| 1.9018 | |
| 2.5370 | |
| 2.7979 |
About Natural gas rents (% of GDP)
Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Indicator code: NY.GDP.NGAS.RT.ZS • Category: Economy
Frequently asked questions
- What was Norway's Natural gas rents (% of GDP) in 2021?
- In 2021, Norway's Natural gas rents (% of GDP) was 3.94, according to World Bank Open Data.
- Is Norway's Natural gas rents (% of GDP) rising or falling?
- Norway's Natural gas rents (% of GDP) rose 333.4% from 2020 to 2021.
- How does Norway rank globally on Natural gas rents (% of GDP)?
- In 2021, Norway ranked #16 out of 190 countries reporting Natural gas rents (% of GDP).
- How does Norway's Natural gas rents (% of GDP) compare to the world average?
- The global average for Natural gas rents (% of GDP) in 2021 was 0.93, so Norway is above the world average. Within Europe & Central Asia, it ranks #4 of 49.
- What is Natural gas rents (% of GDP) and how is it measured?
- Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.NGAS.RT.ZS), CC BY 4.0.