Philippines: Oil rents (% of GDP)
In , Philippines's Oil rents (% of GDP) was 0.03.
That's up 183.6% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Philippines ranks #84 globally out of 190 reporting countries. Within East Asia & Pacific, it ranks #14 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
- 0.24
- Trough
- 0.01
- 1-year change
- +183.6%
- 5-year change
- +3.1%
- +0.6% / yr
- 10-year change
- -84.8%
- -17.2% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0342 | |
| 0.0121 | |
| 0.0343 | |
| 0.0571 | |
| 0.0417 | |
| 0.0332 | |
| 0.0436 | |
| 0.1352 | |
| 0.1312 | |
| 0.1582 |
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 Philippines's Oil rents (% of GDP) in 2021?
- In 2021, Philippines's Oil rents (% of GDP) was 0.03, according to World Bank Open Data.
- Is Philippines's Oil rents (% of GDP) rising or falling?
- Philippines's Oil rents (% of GDP) rose 183.6% from 2020 to 2021.
- How does Philippines rank globally on Oil rents (% of GDP)?
- In 2021, Philippines ranked #84 out of 190 countries reporting Oil rents (% of GDP).
- How does Philippines's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Philippines is below the world average. Within East Asia & Pacific, it ranks #14 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.