Low & middle income vs Norway: Oil rents
Low & middle income
1.5%
in 2021
Norway
6.1%
in 2021
Low & middle income rank
28th
Norway rank
26th
Oil rents over time
- Low & middle income
- Norway
How they compare
Norway currently reports 6.1% against 1.5% in Low & middle income, a difference of 4.6%.
That makes Norway's figure about 4.0 times Low & middle income's.
The two have swapped places 1 time across 51 shared years of data; in 1971 it was Low & middle income ahead.
Low & middle income ranks 28th and Norway ranks 26th of 47 groups.
Across the 6 decades both report, Low & middle income averaged higher in 2 and Norway in 4.
Head to head by decade
| Decade | Low & middle income | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.1% | 1.2% | 3.9% | Low & middle income |
| 1980s | 5.7% | 4.4% | 1.3% | Low & middle income |
| 1990s | 3.1% | 5.2% | 2.0% | Norway |
| 2000s | 4.4% | 8.6% | 4.1% | Norway |
| 2010s | 2.6% | 5.0% | 2.3% | Norway |
| 2020s | 1.2% | 4.6% | 3.5% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Low & middle income or Norway?
- Norway, at 6.1% against 1.5% in Low & middle income as of 2021.
- What is the difference in oil rents between Low & middle income and Norway?
- 4.6%, with Norway ahead.
- How many years of comparable data are there for Low & middle income and Norway?
- 51 years are reported by both, from 1971 to 2021.
- How do Low & middle income and Norway rank globally for oil rents?
- Low & middle income ranks 28th and Norway ranks 26th 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.