Venezuela, RB: Oil rents (% of GDP)
In , Venezuela, RB's Oil rents (% of GDP) was 11.30.
That's down 32.6% from 2013, the highest value since .
The global average for this indicator in 2014 was 2.59 .
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2014
Trend (2002–2014)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 28.05
- Trough
- 9.96
- 1-year change
- -32.6%
- 5-year change
- +13.5%
- +2.6% / yr
- 10-year change
- -51.0%
- -6.9% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 11.3022 | |
| 16.7771 | |
| 17.9388 | |
| 23.1450 | |
| 11.6929 | |
| 9.9585 | |
| 22.6738 | |
| 21.6186 | |
| 26.8187 | |
| 28.0539 |
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 Venezuela, RB's Oil rents (% of GDP) in 2014?
- In 2014, Venezuela, RB's Oil rents (% of GDP) was 11.30, according to World Bank Open Data.
- Is Venezuela, RB's Oil rents (% of GDP) rising or falling?
- Venezuela, RB's Oil rents (% of GDP) fell 32.6% from 2013 to 2014.
- How does Venezuela, RB's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2014 was 2.59, so Venezuela, RB 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.