Lower middle income vs Norway: Oil rents
Lower middle income
1.6%
in 2021
Norway
6.1%
in 2021
Lower middle income rank
26th
Norway rank
26th
Oil rents over time
- Lower middle income
- Norway
How they compare
Norway currently reports 6.1% against 1.6% in Lower middle income, a difference of 4.5%.
That makes Norway's figure about 3.9 times Lower middle income's.
The two have swapped places 7 times across 51 shared years of data; in 1971 it was Lower middle income ahead.
Lower middle income ranks 26th and Norway ranks 26th of 47 groups.
Across the 6 decades both report, Lower middle income averaged higher in 2 and Norway in 4.
Head to head by decade
| Decade | Lower middle income | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.2% | 1.2% | 3.9% | Lower middle income |
| 1980s | 5.1% | 4.4% | 0.7% | Lower middle income |
| 1990s | 4.6% | 5.2% | 0.6% | Norway |
| 2000s | 5.2% | 8.6% | 3.4% | Norway |
| 2010s | 3.1% | 5.0% | 1.8% | Norway |
| 2020s | 1.2% | 4.6% | 3.4% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Lower middle income or Norway?
- Norway, at 6.1% against 1.6% in Lower middle income as of 2021.
- What is the difference in oil rents between Lower middle income and Norway?
- 4.5%, with Norway ahead.
- How many years of comparable data are there for Lower middle income and Norway?
- 51 years are reported by both, from 1971 to 2021.
- How do Lower middle income and Norway rank globally for oil rents?
- Lower middle income ranks 26th 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.