Colombia vs World: Oil rents
Colombia
3.4%
in 2021
World
1.4%
in 2021
Colombia rank
32nd
World rank
30th
Oil rents over time
- Colombia
- World
How they compare
Colombia currently reports 3.4% against 1.4% in World, a difference of 2.0%.
That makes Colombia's figure about 2.5 times World's.
The two have swapped places 2 times across 52 shared years of data; in 1970 it was Colombia ahead.
Colombia ranks 32nd and World ranks 30th of 201 countries.
Colombia has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Colombia | World | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.0% | 1.9% | 0.1% | Colombia |
| 1980s | 3.0% | 2.2% | 0.7% | Colombia |
| 1990s | 3.0% | 1.0% | 2.0% | Colombia |
| 2000s | 4.2% | 1.8% | 2.4% | Colombia |
| 2010s | 4.2% | 1.8% | 2.4% | Colombia |
| 2020s | 2.5% | 1.0% | 1.5% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Colombia or World?
- Colombia, at 3.4% against 1.4% in World as of 2021.
- What is the difference in oil rents between Colombia and World?
- 2.0%, with Colombia ahead.
- How many years of comparable data are there for Colombia and World?
- 52 years are reported by both, from 1970 to 2021.
- How do Colombia and World rank globally for oil rents?
- Colombia ranks 32nd and World ranks 30th 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.