Kuwait vs Saudi Arabia: Oil rents
Kuwait
27.6%
in 2020
Saudi Arabia
23.7%
in 2021
Kuwait rank
5th
Saudi Arabia rank
6th
Oil rents over time
- Kuwait
- Saudi Arabia
How they compare
Kuwait currently reports 27.6% against 23.7% in Saudi Arabia, a difference of 3.9%.
That makes Kuwait's figure about 1.2 times Saudi Arabia's.
The two have swapped places 6 times across 50 shared years of data; in 1970 it was Kuwait ahead.
Kuwait ranks 5th and Saudi Arabia ranks 6th of 201 countries.
Kuwait has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Kuwait | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 52.9% | 45.1% | 7.8% | Kuwait |
| 1980s | 37.6% | 37.0% | 0.6% | Kuwait |
| 1990s | 33.3% | 30.3% | 3.0% | Kuwait |
| 2000s | 46.0% | 42.1% | 4.0% | Kuwait |
| 2010s | 46.0% | 33.9% | 12.0% | Kuwait |
| 2020s | 27.6% | 16.0% | 11.6% | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Kuwait or Saudi Arabia?
- Kuwait, at 27.6% against 23.7% in Saudi Arabia as of 2020.
- What is the difference in oil rents between Kuwait and Saudi Arabia?
- 3.9%, with Kuwait ahead.
- How many years of comparable data are there for Kuwait and Saudi Arabia?
- 50 years are reported by both, from 1970 to 2020.
- How do Kuwait and Saudi Arabia rank globally for oil rents?
- Kuwait ranks 5th and Saudi Arabia ranks 6th 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.