South Africa: Oil rents (% of GDP)
In , South Africa's Oil rents (% of GDP) was 0.40.
That's up 85.9% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . South Africa ranks #53 globally out of 190 reporting countries. Within Sub-Saharan Africa, it ranks #13 of 46.
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
- 1.38
- Trough
- 0.18
- 1-year change
- +85.9%
- 5-year change
- +117.4%
- +16.8% / yr
- 10-year change
- -58.9%
- -8.5% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.3960 | |
| 0.2130 | |
| 0.3728 | |
| 0.4071 | |
| 0.2913 | |
| 0.1821 | |
| 0.1943 | |
| 0.6929 | |
| 0.9491 | |
| 0.9801 |
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 South Africa's Oil rents (% of GDP) in 2021?
- In 2021, South Africa's Oil rents (% of GDP) was 0.40, according to World Bank Open Data.
- Is South Africa's Oil rents (% of GDP) rising or falling?
- South Africa's Oil rents (% of GDP) rose 85.9% from 2020 to 2021.
- How does South Africa rank globally on Oil rents (% of GDP)?
- In 2021, South Africa ranked #53 out of 190 countries reporting Oil rents (% of GDP).
- How does South Africa's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so South Africa is below the world average. Within Sub-Saharan Africa, it ranks #13 of 46.
- 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.