Spain: Oil rents (% of GDP)
In , Spain's Oil rents (% of GDP) was 0.00.
That's down 49.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Spain ranks #112 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #39 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
- 0.01
- Trough
- 0.00
- 1-year change
- -49.0%
- 5-year change
- -88.6%
- -35.3% / yr
- 10-year change
- -94.8%
- -25.5% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.0002 | |
| 0.0003 | |
| 0.0007 | |
| 0.0018 | |
| 0.0016 | |
| 0.0013 | |
| 0.0029 | |
| 0.0079 | |
| 0.0103 | |
| 0.0044 |
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 Spain's Oil rents (% of GDP) in 2021?
- In 2021, Spain's Oil rents (% of GDP) was 0.00, according to World Bank Open Data.
- Is Spain's Oil rents (% of GDP) rising or falling?
- Spain's Oil rents (% of GDP) fell 49.0% from 2020 to 2021.
- How does Spain rank globally on Oil rents (% of GDP)?
- In 2021, Spain ranked #112 out of 190 countries reporting Oil rents (% of GDP).
- How does Spain's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Spain is below the world average. Within Europe & Central Asia, it ranks #39 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.