Least developed countries vs Venezuela, Bolivarian Republic of: Oil rents
Least developed countries
2.1%
in 2021
Venezuela, Bolivarian Republic of
11.3%
in 2014
Least developed countries rank
17th
Venezuela, Bolivarian Republic of rank
18th
Oil rents over time
- Least developed countries
- Venezuela, Bolivarian Republic of
How they compare
Venezuela, Bolivarian Republic of currently reports 11.3% against 2.1% in Least developed countries, a difference of 9.2%.
That makes Venezuela, Bolivarian Republic of's figure about 5.3 times Least developed countries's.
Across all 35 years both countries report, Venezuela, Bolivarian Republic of has been ahead every year.
Least developed countries ranks 17th and Venezuela, Bolivarian Republic of ranks 18th of 47 groups.
Venezuela, Bolivarian Republic of has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Least developed countries | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.2% | 17.3% | 16.1% | Venezuela, Bolivarian Republic of |
| 1990s | 3.6% | 16.6% | 12.9% | Venezuela, Bolivarian Republic of |
| 2000s | 7.4% | 20.7% | 13.2% | Venezuela, Bolivarian Republic of |
| 2010s | 7.3% | 16.2% | 8.9% | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Least developed countries or Venezuela, Bolivarian Republic of?
- Venezuela, Bolivarian Republic of, at 11.3% against 2.1% in Least developed countries as of 2014.
- What is the difference in oil rents between Least developed countries and Venezuela, Bolivarian Republic of?
- 9.2%, with Venezuela, Bolivarian Republic of ahead.
- How many years of comparable data are there for Least developed countries and Venezuela, Bolivarian Republic of?
- 35 years are reported by both, from 1980 to 2014.
- How do Least developed countries and Venezuela, Bolivarian Republic of rank globally for oil rents?
- Least developed countries ranks 17th and Venezuela, Bolivarian Republic of 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.