Oil rents in Colombia
Colombia: Oil rents was 3.4% in 2021. ▲ Rising
Oil rents in Colombia, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Colombia stood at 3.4%.
Compared with earlier readings it is up 119.1% on the previous year and down 50.6% over ten years.
Over the whole period, oil rents in Colombia peaked at 6.9% in 2011 and was at its lowest, 0.5%, in 1970.
Colombia ranks 32nd of 201 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Oil rents in Colombia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.5% | — |
| 1971 | 0.7% | +51.0% |
| 1972 | 0.7% | -4.1% |
| 1973 | 0.9% | +41.4% |
| 1974 | 4.0% | +328.5% |
| 1975 | 3.3% | -16.2% |
| 1976 | 2.9% | -14.3% |
| 1977 | 1.8% | -37.6% |
| 1978 | 1.6% | -12.3% |
| 1979 | 3.3% | +107.6% |
| 1980 | 3.4% | +4.7% |
| 1981 | 2.8% | -17.8% |
| 1982 | 1.7% | -40.2% |
| 1983 | 2.4% | +45.9% |
| 1984 | 2.7% | +9.2% |
| 1985 | 2.9% | +9.7% |
| 1986 | 2.1% | -26.5% |
| 1987 | 4.3% | +99.9% |
| 1988 | 2.9% | -33.0% |
| 1989 | 4.7% | +62.2% |
| 1990 | 5.9% | +25.6% |
| 1991 | 3.0% | -48.4% |
| 1992 | 2.8% | -6.2% |
| 1993 | 2.5% | -13.3% |
| 1994 | 1.9% | -20.7% |
| 1995 | 2.5% | +30.5% |
| 1996 | 3.3% | +29.6% |
| 1997 | 2.7% | -17.0% |
| 1998 | 1.8% | -34.2% |
| 1999 | 3.9% | +116.5% |
| 2000 | 5.1% | +32.0% |
| 2001 | 3.4% | -34.0% |
| 2002 | 3.5% | +2.4% |
| 2003 | 3.7% | +6.6% |
| 2004 | 3.8% | +3.9% |
| 2005 | 4.7% | +21.2% |
| 2006 | 5.1% | +10.4% |
| 2007 | 4.2% | -17.7% |
| 2008 | 5.5% | +30.6% |
| 2009 | 3.3% | -40.9% |
| 2010 | 4.4% | +34.3% |
| 2011 | 6.9% | +57.8% |
| 2012 | 6.2% | -10.5% |
| 2013 | 5.9% | -5.3% |
| 2014 | 5.3% | -10.4% |
| 2015 | 2.6% | -50.1% |
| 2016 | 1.9% | -29.1% |
| 2017 | 2.4% | +30.3% |
| 2018 | 3.6% | +50.1% |
| 2019 | 3.1% | -13.7% |
| 2020 | 1.6% | -50.3% |
| 2021 | 3.4% | +119.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 0.5% | 4.0% | 10 |
| 1980s | 3.0% | 1.7% | 4.7% | 10 |
| 1990s | 3.0% | 1.8% | 5.9% | 10 |
| 2000s | 4.2% | 3.3% | 5.5% | 10 |
| 2010s | 4.2% | 1.9% | 6.9% | 10 |
| 2020s | 2.5% | 1.6% | 3.4% | 2 |
Countries ranked near Colombia
More energy & mining data for Colombia
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -4.05 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 9.6% (2024)
Frequently asked questions
- What is oil rents in Colombia?
- Oil rents in Colombia was 3.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Colombia?
- The highest recorded value was 6.9% in 2011.
- What is the lowest oil rents recorded in Colombia?
- The lowest recorded value was 0.5% in 1970.
- How does Colombia rank for oil rents?
- Colombia ranks 32nd out of 201 countries with data for 2021.
- Is oil rents rising or falling in Colombia?
- Over the last ten years it is down 50.6%. The long-run trend across the full record is rising.
- Where does this Colombia 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 — 52 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.