Russian Federation: Oil rents (% of GDP)
In , Russian Federation's Oil rents (% of GDP) was 9.67.
That's up 105.4% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Russian Federation ranks #19 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #3 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
- 13.69
- Trough
- 4.71
- 1-year change
- +105.4%
- 5-year change
- +93.2%
- +14.1% / yr
- 10-year change
- -9.4%
- -1.0% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 9.6716 | |
| 4.7078 | |
| 8.4937 | |
| 9.6548 | |
| 6.2286 | |
| 5.0061 | |
| 5.9329 | |
| 9.0875 | |
| 8.6805 | |
| 9.6131 |
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 Russian Federation's Oil rents (% of GDP) in 2021?
- In 2021, Russian Federation's Oil rents (% of GDP) was 9.67, according to World Bank Open Data.
- Is Russian Federation's Oil rents (% of GDP) rising or falling?
- Russian Federation's Oil rents (% of GDP) rose 105.4% from 2020 to 2021.
- How does Russian Federation rank globally on Oil rents (% of GDP)?
- In 2021, Russian Federation ranked #19 out of 190 countries reporting Oil rents (% of GDP).
- How does Russian Federation's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Russian Federation is above the world average. Within Europe & Central Asia, it ranks #3 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.