How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Venezuela?

45 years are reported by both, from 1970 to 2014.

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.

Latin America & the Caribbean (IDA & IBRD countries) vs Venezuela: Oil rents

Latin America & the Caribbean (IDA & IBRD countries)

2.0%

in 2021

Venezuela

11.3%

in 2014

Latin America & the Caribbean (IDA & IBRD countries) rank

19th

Venezuela rank

18th

Oil rents over time

Latin America & the Caribbean (IDA & IBRD countries)
Venezuela

How they compare

Venezuela currently reports 11.3% against 2.0% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 9.3%.

That makes Venezuela's figure about 5.7 times Latin America & the Caribbean (IDA & IBRD countries)'s.

Across all 45 years both countries report, Venezuela has been ahead every year.

Latin America & the Caribbean (IDA & IBRD countries) ranks 19th 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 & the Caribbean (IDA & IBRD countries)	Venezuela	Difference	Ahead
1970s	2.5%	17.5%	15.0%	Venezuela
1980s	4.5%	17.3%	12.8%	Venezuela
1990s	2.2%	16.6%	14.4%	Venezuela
2000s	3.8%	20.7%	16.9%	Venezuela
2010s	3.5%	16.2%	12.7%	Venezuela

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 Venezuela?: Venezuela, at 11.3% against 2.0% in Latin America & the Caribbean (IDA & IBRD countries) as of 2014.
What is the difference in oil rents between Latin America & the Caribbean (IDA & IBRD countries) and Venezuela?: 9.3%, with Venezuela ahead.
How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Venezuela?: 45 years are reported by both, from 1970 to 2014.
How do Latin America & the Caribbean (IDA & IBRD countries) and Venezuela rank globally for oil rents?: Latin America & the Caribbean (IDA & IBRD countries) ranks 19th 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

Share, cite or embed this page

Cite this page

Latin America & the Caribbean (IDA & IBRD countries) vs Venezuela: Oil rents. Statizoid, drawing on The Changing Wealth of Nations, World Bank (WB). Retrieved 18 September 2026, from https://energy.statizoid.com/compare/oil-rents-percent-of-gdp/latin-america-and-the-caribbean-ida-and-ibrd-countries/venezuela-rb/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://energy.statizoid.com/compare/oil-rents-percent-of-gdp/latin-america-and-the-caribbean-ida-and-ibrd-countries/venezuela-rb/">Latin America & the Caribbean (IDA & IBRD countries) vs Venezuela: Oil rents</a> — Statizoid

About this data

Indicator: Oil rents (% of GDP)
Unit: % of GDP
Source: The Changing Wealth of Nations, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 248 places, 10,781 data points, 1970–2021
Last refreshed: 17 September 2026

Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.