Colombia vs Upper middle income: Oil rents
Colombia
3.4%
in 2021
Upper middle income
1.5%
in 2021
Colombia rank
32nd
Upper middle income rank
29th
Oil rents over time
- Colombia
- Upper middle income
How they compare
Colombia currently reports 3.4% against 1.5% in Upper middle income, a difference of 1.9%.
That makes Colombia's figure about 2.2 times Upper middle income's.
The two have swapped places 5 times across 52 shared years of data; in 1970 it was Upper middle income ahead.
Colombia ranks 32nd and Upper middle income ranks 29th of 201 countries.
Across the 6 decades both report, Colombia averaged higher in 4 and Upper middle income in 2.
Head to head by decade
| Decade | Colombia | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.0% | 4.8% | 2.8% | Upper middle income |
| 1980s | 3.0% | 6.1% | 3.1% | Upper middle income |
| 1990s | 3.0% | 2.7% | 0.3% | Colombia |
| 2000s | 4.2% | 4.2% | 0.1% | Colombia |
| 2010s | 4.2% | 2.5% | 1.7% | Colombia |
| 2020s | 2.5% | 1.2% | 1.3% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Colombia or Upper middle income?
- Colombia, at 3.4% against 1.5% in Upper middle income as of 2021.
- What is the difference in oil rents between Colombia and Upper middle income?
- 1.9%, with Colombia ahead.
- How many years of comparable data are there for Colombia and Upper middle income?
- 52 years are reported by both, from 1970 to 2021.
- How do Colombia and Upper middle income rank globally for oil rents?
- Colombia ranks 32nd and Upper middle income ranks 29th of 201 countries.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Oil rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.