Oil rents in Cuba
Cuba: Oil rents was 0.2% in 2020. ◆ Volatile
Oil rents in Cuba, 1970–2020
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Cuba is 0.2%, measured in 2020.
The figure is down 59.1% on the previous year and down 83.4% over ten years.
Over the whole period, oil rents in Cuba peaked at 2.0% in 2008 and was at its lowest, 0.0%, in 1970.
Cuba ranks 73rd of 200 countries on this measure, 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 Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +193.5% |
| 1972 | 0.0% | +33.5% |
| 1973 | 0.0% | +80.7% |
| 1974 | 0.2% | +485.5% |
| 1975 | 0.2% | -2.3% |
| 1976 | 0.2% | +1.8% |
| 1977 | 0.2% | -18.4% |
| 1978 | 0.1% | -12.6% |
| 1979 | 0.3% | +139.4% |
| 1980 | 0.2% | -31.6% |
| 1981 | 0.3% | +31.2% |
| 1982 | 0.2% | -28.1% |
| 1983 | 0.3% | +54.5% |
| 1984 | 0.4% | +13.5% |
| 1985 | 0.4% | +12.6% |
| 1986 | 0.2% | -56.9% |
| 1987 | 0.3% | +55.6% |
| 1988 | 0.2% | -42.7% |
| 1989 | 0.3% | +53.9% |
| 1990 | 0.3% | +26.1% |
| 1991 | 0.2% | -36.9% |
| 1992 | 0.3% | +39.9% |
| 1993 | 0.3% | +11.3% |
| 1994 | 0.4% | +19.6% |
| 1995 | 0.4% | -1.3% |
| 1996 | 0.7% | +82.5% |
| 1997 | 0.6% | -7.2% |
| 1998 | 0.3% | -52.1% |
| 1999 | 0.5% | +81.1% |
| 2000 | 1.0% | +90.1% |
| 2001 | 0.8% | -24.6% |
| 2002 | 0.8% | +6.7% |
| 2003 | 1.0% | +19.5% |
| 2004 | 1.2% | +19.3% |
| 2005 | 1.4% | +15.9% |
| 2006 | 1.5% | +8.3% |
| 2007 | 1.6% | +5.5% |
| 2008 | 2.0% | +29.0% |
| 2009 | 1.0% | -51.3% |
| 2010 | 1.3% | +35.8% |
| 2011 | 1.8% | +37.2% |
| 2012 | 1.7% | -9.5% |
| 2013 | 1.4% | -13.4% |
| 2014 | 1.3% | -13.0% |
| 2015 | 0.4% | -65.0% |
| 2016 | 0.3% | -26.0% |
| 2017 | 0.5% | +40.7% |
| 2018 | 0.7% | +59.8% |
| 2019 | 0.5% | -25.7% |
| 2020 | 0.2% | -59.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.0% | 0.3% | 10 |
| 1980s | 0.3% | 0.2% | 0.4% | 10 |
| 1990s | 0.4% | 0.2% | 0.7% | 10 |
| 2000s | 1.2% | 0.8% | 2.0% | 10 |
| 2010s | 1.0% | 0.3% | 1.8% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Cuba
More energy & mining data for Cuba
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2020)
- Primary energy use, annual growth rate 0.1025 % 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 (2020)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2020)
- 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 (2020)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 30.9% (2021)
Frequently asked questions
- What is oil rents in Cuba?
- Oil rents in Cuba was 0.2% in 2020, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Cuba?
- The highest recorded value was 2.0% in 2008.
- What is the lowest oil rents recorded in Cuba?
- The lowest recorded value was 0.0% in 1970.
- How does Cuba rank for oil rents?
- Cuba ranks 73rd out of 200 countries with data for 2020.
- Is oil rents rising or falling in Cuba?
- Over the last ten years it is down 83.4%. The long-run trend across the full record is volatile.
- Where does this Cuba 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 — 51 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.