Oil rents in Europe & Central Asia
Europe & Central Asia: Oil rents was 1.1% in 2021. ◆ Volatile
Oil rents in Europe & Central Asia, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Europe & Central Asia stood at 1.1%.
The figure is up 115.4% on the previous year and down 29.8% over ten years.
Over the whole period, oil rents in Europe & Central Asia peaked at 1.5% in 2011 and was at its lowest, 0.0%, in 1970.
Europe & Central Asia ranks 34th 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, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +139.1% |
| 1972 | 0.0% | +28.3% |
| 1973 | 0.0% | +44.5% |
| 1974 | 0.1% | +447.9% |
| 1975 | 0.1% | +11.9% |
| 1976 | 0.1% | +56.2% |
| 1977 | 0.1% | +50.7% |
| 1978 | 0.2% | +5.9% |
| 1979 | 0.4% | +159.5% |
| 1980 | 0.5% | +14.6% |
| 1981 | 0.4% | -3.1% |
| 1982 | 0.3% | -27.0% |
| 1983 | 0.5% | +51.2% |
| 1984 | 0.6% | +18.6% |
| 1985 | 0.6% | +1.8% |
| 1986 | 0.2% | -70.6% |
| 1987 | 0.3% | +50.9% |
| 1988 | 0.6% | +112.3% |
| 1989 | 0.8% | +52.1% |
| 1990 | 1.0% | +12.6% |
| 1991 | 0.4% | -55.4% |
| 1992 | 0.4% | -7.0% |
| 1993 | 0.4% | +0.6% |
| 1994 | 0.4% | -11.8% |
| 1995 | 0.4% | +0.9% |
| 1996 | 0.5% | +36.7% |
| 1997 | 0.4% | -17.0% |
| 1998 | 0.1% | -69.8% |
| 1999 | 0.4% | +201.8% |
| 2000 | 0.9% | +140.0% |
| 2001 | 0.7% | -25.2% |
| 2002 | 0.7% | +0.3% |
| 2003 | 0.7% | +0.8% |
| 2004 | 0.8% | +20.3% |
| 2005 | 1.1% | +37.9% |
| 2006 | 1.2% | +6.8% |
| 2007 | 1.1% | -3.6% |
| 2008 | 1.5% | +33.6% |
| 2009 | 0.9% | -38.5% |
| 2010 | 1.0% | +11.5% |
| 2011 | 1.5% | +46.1% |
| 2012 | 1.5% | -1.7% |
| 2013 | 1.3% | -11.1% |
| 2014 | 1.2% | -7.7% |
| 2015 | 0.6% | -49.6% |
| 2016 | 0.5% | -21.7% |
| 2017 | 0.7% | +44.8% |
| 2018 | 1.1% | +51.5% |
| 2019 | 1.0% | -9.9% |
| 2020 | 0.5% | -48.1% |
| 2021 | 1.1% | +115.4% |
Biggest year-on-year movements
Years where Oil rents in Europe & Central Asia 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 |
|---|---|---|---|
| 1974 | +447.9% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.0% | 0.4% | 10 |
| 1980s | 0.5% | 0.2% | 0.8% | 10 |
| 1990s | 0.4% | 0.1% | 1.0% | 10 |
| 2000s | 1.0% | 0.7% | 1.5% | 10 |
| 2010s | 1.0% | 0.5% | 1.5% | 10 |
| 2020s | 0.8% | 0.5% | 1.1% | 2 |
Countries ranked near Europe & Central Asia
More energy & mining data for Europe & Central Asia
- Fuel imports 10.7% (2024)
- Ores and metals imports 3.5% (2024)
- Ores and metals exports 3.2% (2024)
- Fuel exports 7.0% (2024)
- Electric power transmission and distribution losses 6.6% (2024)
- Mineral rents 0.4% (2021)
- Natural gas rents 0.6% (2021)
- Total natural resources rents 2.2% (2021)
- Alternative and nuclear energy 22.3% (2024)
- Electric power consumption 5,313 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Europe & Central Asia?
- Oil rents in Europe & Central Asia was 1.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Europe & Central Asia?
- The highest recorded value was 1.5% in 2011.
- What is the lowest oil rents recorded in Europe & Central Asia?
- The lowest recorded value was 0.0% in 1970.
- How does Europe & Central Asia rank for oil rents?
- Europe & Central Asia ranks 34th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Europe & Central Asia?
- Over the last ten years it is down 29.8%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia 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.