Ecuador vs Latin America & Caribbean: Oil rents
Ecuador
6.4%
in 2021
Latin America & Caribbean
1.9%
in 2021
Ecuador rank
24th
Latin America & Caribbean rank
21st
Oil rents over time
- Ecuador
- Latin America & Caribbean
How they compare
Ecuador currently reports 6.4% against 1.9% in Latin America & Caribbean, a difference of 4.5%.
That makes Ecuador's figure about 3.3 times Latin America & Caribbean's.
The two have swapped places 1 time across 52 shared years of data; in 1970 it was Latin America & Caribbean ahead.
Ecuador ranks 24th and Latin America & Caribbean ranks 21st of 201 countries.
Ecuador has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Ecuador | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.4% | 2.4% | 1.9% | Ecuador |
| 1980s | 7.6% | 4.3% | 3.3% | Ecuador |
| 1990s | 6.9% | 2.1% | 4.8% | Ecuador |
| 2000s | 13.3% | 3.7% | 9.6% | Ecuador |
| 2010s | 8.9% | 2.3% | 6.6% | Ecuador |
| 2020s | 4.5% | 1.4% | 3.1% | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Ecuador or Latin America & Caribbean?
- Ecuador, at 6.4% against 1.9% in Latin America & Caribbean as of 2021.
- What is the difference in oil rents between Ecuador and Latin America & Caribbean?
- 4.5%, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Latin America & Caribbean?
- 52 years are reported by both, from 1970 to 2021.
- How do Ecuador and Latin America & Caribbean rank globally for oil rents?
- Ecuador ranks 24th and Latin America & Caribbean ranks 21st 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.