Turkmenistan: Oil rents (% of GDP)
In , Turkmenistan's Oil rents (% of GDP) was 5.85.
That's down 31.5% from 2018, the highest value since .
The global average for this indicator in 2019 was 2.59 .
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2019
Trend (2002–2019)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 24.91
- Trough
- 3.66
- 1-year change
- -31.5%
- 5-year change
- -33.8%
- -7.9% / yr
- 10-year change
- -43.1%
- -5.5% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 5.8462 | |
| 8.5388 | |
| 5.5712 | |
| 3.6553 | |
| 4.8996 | |
| 8.8299 | |
| 11.1134 | |
| 12.1350 | |
| 14.0634 | |
| 10.1728 |
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 Turkmenistan's Oil rents (% of GDP) in 2019?
- In 2019, Turkmenistan's Oil rents (% of GDP) was 5.85, according to World Bank Open Data.
- Is Turkmenistan's Oil rents (% of GDP) rising or falling?
- Turkmenistan's Oil rents (% of GDP) fell 31.5% from 2018 to 2019.
- How does Turkmenistan's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2019 was 2.59, so Turkmenistan is above the world average.
- 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.