Latin America & the Caribbean (IDA & IBRD countries) vs Russia: Oil rents
Latin America & the Caribbean (IDA & IBRD countries)
2.0%
in 2021
Russia
9.7%
in 2021
Latin America & the Caribbean (IDA & IBRD countries) rank
19th
Russia rank
22nd
Oil rents over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Russia
How they compare
Russia currently reports 9.7% against 2.0% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 7.7%.
That makes Russia's figure about 4.9 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 34 years both countries report, Russia has been ahead every year.
Latin America & the Caribbean (IDA & IBRD countries) ranks 19th and Russia ranks 22nd of 47 groups.
Russia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Russia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 2.9% | 6.6% | 3.7% | Russia |
| 1990s | 2.2% | 5.5% | 3.3% | Russia |
| 2000s | 3.8% | 11.7% | 7.9% | Russia |
| 2010s | 2.4% | 8.2% | 5.8% | Russia |
| 2020s | 1.4% | 7.2% | 5.8% | Russia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Latin America & the Caribbean (IDA & IBRD countries) or Russia?
- Russia, at 9.7% against 2.0% in Latin America & the Caribbean (IDA & IBRD countries) as of 2021.
- What is the difference in oil rents between Latin America & the Caribbean (IDA & IBRD countries) and Russia?
- 7.7%, with Russia ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Russia?
- 34 years are reported by both, from 1988 to 2021.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Russia rank globally for oil rents?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 19th and Russia ranks 22nd 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.