United States: Oil rents (% of GDP)
In , United States's Oil rents (% of GDP) was 0.61.
That's up 225.9% from 2020, the highest value on record.
The global average for this indicator in 2021 was 2.59 . United States ranks #49 globally out of 190 reporting countries. Within North America, it ranks #2 of 3.
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
- 0.61
- Trough
- 0.01
- 1-year change
- +225.9%
- 5-year change
- +562.5%
- +46.0% / yr
- 10-year change
- +64.9%
- +5.1% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 0.6115 | |
| 0.1876 | |
| 0.3685 | |
| 0.3192 | |
| 0.1625 | |
| 0.0923 | |
| 0.0075 | |
| 0.2922 | |
| 0.3057 | |
| 0.2059 |
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 States's Oil rents (% of GDP) in 2021?
- In 2021, United States's Oil rents (% of GDP) was 0.61, according to World Bank Open Data.
- Is United States's Oil rents (% of GDP) rising or falling?
- United States's Oil rents (% of GDP) rose 225.9% from 2020 to 2021.
- How does United States rank globally on Oil rents (% of GDP)?
- In 2021, United States ranked #49 out of 190 countries reporting Oil rents (% of GDP).
- How does United States'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 States is below the world average. Within North America, it ranks #2 of 3.
- 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.