Oil rents in Barbados
Barbados: Oil rents was 0.3% in 2021. ◆ Volatile
Oil rents in Barbados, 1974–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Barbados is 0.3%, measured in 2021.
That represents a change of up 161.1% on the previous year and down 30.7% over ten years.
Over the whole period, oil rents in Barbados peaked at 0.9% in 1979 and was at its lowest, 0.1%, in 2016.
That places Barbados 63rd out of 200 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 0.3% | — |
| 1975 | 0.3% | -5.6% |
| 1976 | 0.4% | +20.1% |
| 1977 | 0.3% | -12.9% |
| 1978 | 0.4% | +13.0% |
| 1979 | 0.9% | +127.9% |
| 1980 | 0.8% | -11.0% |
| 1981 | 0.4% | -45.8% |
| 1982 | 0.3% | -31.8% |
| 1983 | 0.5% | +85.9% |
| 1984 | 0.8% | +49.6% |
| 1985 | 0.8% | -2.9% |
| 1986 | 0.2% | -68.0% |
| 1987 | 0.3% | +31.9% |
| 1988 | 0.2% | -39.6% |
| 1989 | 0.3% | +28.2% |
| 1990 | 0.4% | +59.7% |
| 1991 | 0.2% | -46.1% |
| 1992 | 0.3% | +20.5% |
| 1993 | 0.2% | -15.0% |
| 1994 | 0.2% | -7.8% |
| 1995 | 0.2% | +15.8% |
| 1996 | 0.2% | -8.8% |
| 1997 | 0.2% | -23.9% |
| 1998 | 0.1% | -18.2% |
| 1999 | 0.3% | +95.0% |
| 2000 | 0.4% | +40.7% |
| 2001 | 0.2% | -36.2% |
| 2002 | 0.2% | -0.3% |
| 2003 | 0.2% | -7.4% |
| 2004 | 0.2% | +7.0% |
| 2005 | 0.3% | +49.1% |
| 2006 | 0.4% | +10.7% |
| 2007 | 0.3% | -11.7% |
| 2008 | 0.4% | +13.1% |
| 2009 | 0.2% | -48.7% |
| 2010 | 0.3% | +40.7% |
| 2011 | 0.4% | +62.4% |
| 2012 | 0.4% | -5.5% |
| 2013 | 0.3% | -18.0% |
| 2014 | 0.3% | -15.2% |
| 2015 | 0.1% | -64.2% |
| 2016 | 0.1% | -25.2% |
| 2017 | 0.1% | +45.0% |
| 2018 | 0.2% | +69.4% |
| 2019 | 0.2% | +9.4% |
| 2020 | 0.1% | -43.9% |
| 2021 | 0.3% | +161.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.3% | 0.9% | 6 |
| 1980s | 0.5% | 0.2% | 0.8% | 10 |
| 1990s | 0.2% | 0.1% | 0.4% | 10 |
| 2000s | 0.3% | 0.2% | 0.4% | 10 |
| 2010s | 0.2% | 0.1% | 0.4% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 2 |
Countries ranked near Barbados
More energy & mining data for Barbados
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 1.22 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 22.7% (2024)
Frequently asked questions
- What is oil rents in Barbados?
- Oil rents in Barbados was 0.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Barbados?
- The highest recorded value was 0.9% in 1979.
- What is the lowest oil rents recorded in Barbados?
- The lowest recorded value was 0.1% in 2016.
- How does Barbados rank for oil rents?
- Barbados ranks 63rd out of 200 countries with data for 2021.
- Is oil rents rising or falling in Barbados?
- Over the last ten years it is down 30.7%. The long-run trend across the full record is volatile.
- Where does this Barbados data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.