Italy vs Latvia: Oil rents as a share of GDP
Italy
0.1%
in 2021
Latvia
0.1%
in 2021
Italy rank
81st
Latvia rank
83rd
Oil rents as a share of GDP over time
- Italy
- Latvia
How they compare
Italy currently reports 0.1% against 0.1% in Latvia, a difference of 0.0%.
That makes Italy's figure about 1.2 times Latvia's.
The two have swapped places 6 times across 27 shared years of data; in 1995 it was Italy ahead.
Italy ranks 81st and Latvia ranks 83rd of 199 countries.
Across the 4 decades both report, Italy averaged higher in 3 and Latvia in 1.
Head to head by decade
| Decade | Italy | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | Italy |
| 2000s | 0.1% | 0.0% | 0.0% | Italy |
| 2010s | 0.1% | 0.1% | 0.0% | Latvia |
| 2020s | 0.1% | 0.0% | 0.0% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents as a share of gdp, Italy or Latvia?
- Italy, at 0.1% against 0.1% in Latvia as of 2021.
- What is the difference in oil rents as a share of gdp between Italy and Latvia?
- 0.0%, with Italy ahead.
- How many years of comparable data are there for Italy and Latvia?
- 27 years are reported by both, from 1995 to 2021.
- How do Italy and Latvia rank globally for oil rents as a share of gdp?
- Italy ranks 81st and Latvia ranks 83rd of 199 countries.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as Oil rents as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.