Latin America & Caribbean (excluding high income) vs Venezuela: Oil rents
Latin America & Caribbean (excluding high income)
2.2%
in 2021
Venezuela
11.3%
in 2014
Latin America & Caribbean (excluding high income) rank
16th
Venezuela rank
18th
Oil rents over time
- Latin America & Caribbean (excluding high income)
- Venezuela
How they compare
Venezuela currently reports 11.3% against 2.2% in Latin America & Caribbean (excluding high income), a difference of 9.1%.
That makes Venezuela's figure about 5.2 times Latin America & Caribbean (excluding high income)'s.
Across all 45 years both countries report, Venezuela has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 16th and Venezuela ranks 18th of 47 groups.
Venezuela has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.5% | 17.5% | 15.0% | Venezuela |
| 1980s | 4.5% | 17.3% | 12.8% | Venezuela |
| 1990s | 2.3% | 16.6% | 14.3% | Venezuela |
| 2000s | 4.0% | 20.7% | 16.7% | Venezuela |
| 2010s | 3.7% | 16.2% | 12.5% | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Latin America & Caribbean (excluding high income) or Venezuela?
- Venezuela, at 11.3% against 2.2% in Latin America & Caribbean (excluding high income) as of 2014.
- What is the difference in oil rents between Latin America & Caribbean (excluding high income) and Venezuela?
- 9.1%, with Venezuela ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Venezuela?
- 45 years are reported by both, from 1970 to 2014.
- How do Latin America & Caribbean (excluding high income) and Venezuela rank globally for oil rents?
- Latin America & Caribbean (excluding high income) ranks 16th and Venezuela ranks 18th 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.