United Kingdom: Oil rents (% of GDP)
In , United Kingdom's Oil rents (% of GDP) was 0.42.
That's up 73.2% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . United Kingdom ranks #52 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #10 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
- 2016 · Brexit referendum
Highlights
- Peak
- 1.00
- Trough
- 0.21
- 1-year change
- +73.2%
- 5-year change
- +102.3%
- +15.1% / yr
- 10-year change
- -49.4%
- -6.6% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.4161 | |
| 0.2402 | |
| 0.4571 | |
| 0.4956 | |
| 0.3063 | |
| 0.2057 | |
| 0.2402 | |
| 0.4510 | |
| 0.5360 | |
| 0.6563 |
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 United Kingdom's Oil rents (% of GDP) in 2021?
- In 2021, United Kingdom's Oil rents (% of GDP) was 0.42, according to World Bank Open Data.
- Is United Kingdom's Oil rents (% of GDP) rising or falling?
- United Kingdom's Oil rents (% of GDP) rose 73.2% from 2020 to 2021.
- How does United Kingdom rank globally on Oil rents (% of GDP)?
- In 2021, United Kingdom ranked #52 out of 190 countries reporting Oil rents (% of GDP).
- How does United Kingdom's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so United Kingdom is below the world average. Within Europe & Central Asia, it ranks #10 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.