Portugal: Oil rents (% of GDP)
In , Portugal's Oil rents (% of GDP) was 0.05.
That's up 116.4% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Portugal ranks #78 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #21 of 49.
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
- 0.07
- Trough
- 0.00
- 1-year change
- +116.4%
- 5-year change
- +179.9%
- +22.9% / yr
- 10-year change
- -27.5%
- -3.2% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0518 | |
| 0.0239 | |
| 0.0375 | |
| 0.0423 | |
| 0.0284 | |
| 0.0185 | |
| 0.0246 | |
| 0.0587 | |
| 0.0589 | |
| 0.0566 |
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 Portugal's Oil rents (% of GDP) in 2021?
- In 2021, Portugal's Oil rents (% of GDP) was 0.05, according to World Bank Open Data.
- Is Portugal's Oil rents (% of GDP) rising or falling?
- Portugal's Oil rents (% of GDP) rose 116.4% from 2020 to 2021.
- How does Portugal rank globally on Oil rents (% of GDP)?
- In 2021, Portugal ranked #78 out of 190 countries reporting Oil rents (% of GDP).
- How does Portugal's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Portugal is below the world average. Within Europe & Central Asia, it ranks #21 of 49.
- 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.