Turkiye: Oil rents (% of GDP)
In , Turkiye's Oil rents (% of GDP) was 0.14.
That's up 125.3% from 2020, the highest value on record.
The global average for this indicator in 2021 was 2.59 . Turkiye ranks #68 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #17 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
- 0.14
- Trough
- 0.03
- 1-year change
- +125.3%
- 5-year change
- +295.1%
- +31.6% / yr
- 10-year change
- +11.3%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.1380 | |
| 0.0612 | |
| 0.1025 | |
| 0.1081 | |
| 0.0538 | |
| 0.0349 | |
| 0.0447 | |
| 0.0945 | |
| 0.0974 | |
| 0.1116 |
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 Turkiye's Oil rents (% of GDP) in 2021?
- In 2021, Turkiye's Oil rents (% of GDP) was 0.14, according to World Bank Open Data.
- Is Turkiye's Oil rents (% of GDP) rising or falling?
- Turkiye's Oil rents (% of GDP) rose 125.3% from 2020 to 2021.
- How does Turkiye rank globally on Oil rents (% of GDP)?
- In 2021, Turkiye ranked #68 out of 190 countries reporting Oil rents (% of GDP).
- How does Turkiye's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Turkiye is below the world average. Within Europe & Central Asia, it ranks #17 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.