Oil rents in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Oil rents was 2.7% in 2021. ◆ Volatile
Oil rents in Europe & Central Asia (excluding high income), 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Europe & Central Asia (excluding high income) stood at 2.7%.
That represents a change of up 105.7% on the previous year and down 33.6% over ten years.
Over the whole period, oil rents in Europe & Central Asia (excluding high income) peaked at 4.2% in 2008 and was at its lowest, 0.0%, in 1970.
Europe & Central Asia (excluding high income) ranks 14th of 47 groups 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 Europe & Central Asia (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.1% | +251.8% |
| 1972 | 0.1% | +17.0% |
| 1973 | 0.1% | +49.9% |
| 1974 | 0.4% | +315.8% |
| 1975 | 0.3% | -30.1% |
| 1976 | 0.2% | -21.6% |
| 1977 | 0.2% | -3.4% |
| 1978 | 0.2% | -7.7% |
| 1979 | 0.4% | +84.8% |
| 1980 | 0.5% | +34.8% |
| 1981 | 0.4% | -20.9% |
| 1982 | 0.3% | -32.0% |
| 1983 | 0.3% | +28.6% |
| 1984 | 0.5% | +48.4% |
| 1985 | 0.4% | -11.8% |
| 1986 | 0.2% | -60.9% |
| 1987 | 0.9% | +420.4% |
| 1988 | 0.6% | -30.8% |
| 1989 | 0.8% | +34.9% |
| 1990 | 2.4% | +188.2% |
| 1991 | 1.2% | -51.9% |
| 1992 | 1.0% | -17.8% |
| 1993 | 1.0% | +7.1% |
| 1994 | 1.1% | +5.3% |
| 1995 | 0.9% | -18.9% |
| 1996 | 1.2% | +31.6% |
| 1997 | 0.9% | -23.5% |
| 1998 | 0.3% | -68.6% |
| 1999 | 1.0% | +263.2% |
| 2000 | 2.3% | +129.0% |
| 2001 | 2.1% | -8.3% |
| 2002 | 2.1% | -2.0% |
| 2003 | 2.0% | -1.6% |
| 2004 | 2.3% | +13.8% |
| 2005 | 3.0% | +28.1% |
| 2006 | 3.3% | +10.2% |
| 2007 | 3.2% | -1.6% |
| 2008 | 4.2% | +30.3% |
| 2009 | 2.9% | -30.6% |
| 2010 | 2.9% | -1.3% |
| 2011 | 4.1% | +40.8% |
| 2012 | 3.6% | -10.0% |
| 2013 | 3.2% | -12.5% |
| 2014 | 3.0% | -4.5% |
| 2015 | 1.5% | -51.7% |
| 2016 | 1.2% | -21.6% |
| 2017 | 1.8% | +55.6% |
| 2018 | 3.0% | +66.5% |
| 2019 | 2.6% | -13.9% |
| 2020 | 1.3% | -49.2% |
| 2021 | 2.7% | +105.7% |
Biggest year-on-year movements
Years where Oil rents in Europe & Central Asia (excluding high income) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +420.4% | 0.2% | 0.9% |
| 1974 | +315.8% | 0.1% | 0.4% |
| 1999 | +263.2% | 0.3% | 1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.0% | 0.4% | 10 |
| 1980s | 0.5% | 0.2% | 0.9% | 10 |
| 1990s | 1.1% | 0.3% | 2.4% | 10 |
| 2000s | 2.7% | 2.0% | 4.2% | 10 |
| 2010s | 2.7% | 1.2% | 4.1% | 10 |
| 2020s | 2.0% | 1.3% | 2.7% | 2 |
Countries ranked near Europe & Central Asia (excluding high income)
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
- 13 Gabon 15.6% compare
- 14 Qatar 15.3% compare
- 15 Equatorial Guinea 14.9% compare
- 16 Kazakhstan 14.8% compare
- 17 Algeria 14.5% compare
More energy & mining data for Europe & Central Asia (excluding high income)
- Fuel imports 9.1% (2024)
- Ores and metals imports 5.3% (2024)
- Ores and metals exports 6.8% (2024)
- Fuel exports 18.4% (2024)
- Electric power transmission and distribution losses 8.3% (2024)
- Mineral rents 2.7% (2021)
- Natural gas rents 1.3% (2021)
- Total natural resources rents 6.9% (2021)
- Alternative and nuclear energy 15.7% (2024)
- Electric power consumption 3,152 kWh per capita (2023)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is oil rents in Europe & Central Asia (excluding high income)?
- Oil rents in Europe & Central Asia (excluding high income) was 2.7% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 4.2% in 2008.
- What is the lowest oil rents recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 0.0% in 1970.
- How does Europe & Central Asia (excluding high income) rank for oil rents?
- Europe & Central Asia (excluding high income) ranks 14th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is down 33.6%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia (excluding high income) 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.