Europe & Central Asia (IDA & IBRD countries) vs Kuwait: Oil rents
Europe & Central Asia (IDA & IBRD countries)
4.8%
in 2021
Kuwait
27.6%
in 2020
Europe & Central Asia (IDA & IBRD countries) rank
7th
Kuwait rank
5th
Oil rents over time
- Europe & Central Asia (IDA & IBRD countries)
- Kuwait
How they compare
Kuwait currently reports 27.6% against 4.8% in Europe & Central Asia (IDA & IBRD countries), a difference of 22.8%.
That makes Kuwait's figure about 5.7 times Europe & Central Asia (IDA & IBRD countries)'s.
Across all 50 years both countries report, Kuwait has been ahead every year.
Europe & Central Asia (IDA & IBRD countries) ranks 7th and Kuwait ranks 5th of 47 groups.
Kuwait has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Europe & Central Asia (IDA & IBRD countries) | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.2% | 52.9% | 52.7% | Kuwait |
| 1980s | 1.3% | 37.6% | 36.3% | Kuwait |
| 1990s | 2.8% | 33.3% | 30.5% | Kuwait |
| 2000s | 5.4% | 46.0% | 40.7% | Kuwait |
| 2010s | 4.5% | 46.0% | 41.4% | Kuwait |
| 2020s | 2.3% | 27.6% | 25.3% | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Europe & Central Asia (IDA & IBRD countries) or Kuwait?
- Kuwait, at 27.6% against 4.8% in Europe & Central Asia (IDA & IBRD countries) as of 2020.
- What is the difference in oil rents between Europe & Central Asia (IDA & IBRD countries) and Kuwait?
- 22.8%, with Kuwait ahead.
- How many years of comparable data are there for Europe & Central Asia (IDA & IBRD countries) and Kuwait?
- 50 years are reported by both, from 1970 to 2020.
- How do Europe & Central Asia (IDA & IBRD countries) and Kuwait rank globally for oil rents?
- Europe & Central Asia (IDA & IBRD countries) ranks 7th and Kuwait ranks 5th of 47 groups.
- 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.