Small states vs Venezuela, Bolivarian Republic of: Oil rents
Small states
1.9%
in 2021
Venezuela, Bolivarian Republic of
11.3%
in 2014
Small states rank
20th
Venezuela, Bolivarian Republic of rank
18th
Oil rents over time
- Small states
- Venezuela, Bolivarian Republic of
How they compare
Venezuela, Bolivarian Republic of currently reports 11.3% against 1.9% in Small states, a difference of 9.4%.
That makes Venezuela, Bolivarian Republic of's figure about 5.8 times Small states's.
The two have swapped places 1 time across 38 shared years of data; in 1976 it was Small states ahead.
Small states ranks 20th and Venezuela, Bolivarian Republic of ranks 18th of 47 groups.
Across the 5 decades both report, Small states averaged higher in 1 and Venezuela, Bolivarian Republic of in 4.
Head to head by decade
| Decade | Small states | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 21.8% | 17.8% | 4.0% | Small states |
| 1980s | 10.1% | 17.3% | 7.2% | Venezuela, Bolivarian Republic of |
| 1990s | 3.4% | 16.6% | 13.2% | Venezuela, Bolivarian Republic of |
| 2000s | 3.2% | 20.7% | 17.5% | Venezuela, Bolivarian Republic of |
| 2010s | 3.1% | 16.2% | 13.0% | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Small states or Venezuela, Bolivarian Republic of?
- Venezuela, Bolivarian Republic of, at 11.3% against 1.9% in Small states as of 2014.
- What is the difference in oil rents between Small states and Venezuela, Bolivarian Republic of?
- 9.4%, with Venezuela, Bolivarian Republic of ahead.
- How many years of comparable data are there for Small states and Venezuela, Bolivarian Republic of?
- 38 years are reported by both, from 1976 to 2014.
- How do Small states and Venezuela, Bolivarian Republic of rank globally for oil rents?
- Small states ranks 20th 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.