Oman: Oil rents (% of GDP)
In , Oman's Oil rents (% of GDP) was 23.54.
That's up 57.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Oman ranks #6 globally out of 190 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #4 of 20.
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
- 42.84
- Trough
- 14.99
- 1-year change
- +57.0%
- 5-year change
- +44.7%
- +7.7% / yr
- 10-year change
- -41.7%
- -5.3% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 23.5387 | |
| 14.9943 | |
| 21.6118 | |
| 23.7088 | |
| 19.3050 | |
| 16.2725 | |
| 18.8681 | |
| 31.6791 | |
| 35.9895 | |
| 37.5397 |
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 Oman's Oil rents (% of GDP) in 2021?
- In 2021, Oman's Oil rents (% of GDP) was 23.54, according to World Bank Open Data.
- Is Oman's Oil rents (% of GDP) rising or falling?
- Oman's Oil rents (% of GDP) rose 57.0% from 2020 to 2021.
- How does Oman rank globally on Oil rents (% of GDP)?
- In 2021, Oman ranked #6 out of 190 countries reporting Oil rents (% of GDP).
- How does Oman's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Oman is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #4 of 20.
- 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.