Oil rents in European Union
European Union: Oil rents was 0.0% in 2021. ◆ Volatile
Oil rents in European Union, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in European Union stood at 0.0%.
That represents a change of up 104.5% on the previous year and down 51.4% over ten years.
Over the whole period, oil rents in European Union peaked at 0.1% in 2008 and was at its lowest, 0.0%, in 1970.
That places European Union 45th out of 47 groups with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in European Union, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +127.1% |
| 1972 | 0.0% | +16.3% |
| 1973 | 0.0% | +40.3% |
| 1974 | 0.0% | +449.5% |
| 1975 | 0.0% | -23.4% |
| 1976 | 0.0% | -0.8% |
| 1977 | 0.0% | -12.2% |
| 1978 | 0.0% | -17.9% |
| 1979 | 0.1% | +102.3% |
| 1980 | 0.1% | +19.3% |
| 1981 | 0.1% | -5.4% |
| 1982 | 0.0% | -26.8% |
| 1983 | 0.1% | +64.2% |
| 1984 | 0.1% | +7.1% |
| 1985 | 0.1% | +9.8% |
| 1986 | 0.0% | -69.9% |
| 1987 | 0.1% | +101.6% |
| 1988 | 0.0% | -31.0% |
| 1989 | 0.1% | +49.6% |
| 1990 | 0.1% | +4.8% |
| 1991 | 0.0% | -50.1% |
| 1992 | 0.0% | -2.3% |
| 1993 | 0.0% | +4.6% |
| 1994 | 0.0% | -8.3% |
| 1995 | 0.0% | -0.3% |
| 1996 | 0.0% | +33.6% |
| 1997 | 0.0% | -14.2% |
| 1998 | 0.0% | -70.2% |
| 1999 | 0.0% | +221.4% |
| 2000 | 0.1% | +145.9% |
| 2001 | 0.0% | -29.5% |
| 2002 | 0.1% | +2.8% |
| 2003 | 0.0% | -4.6% |
| 2004 | 0.1% | +18.0% |
| 2005 | 0.1% | +37.1% |
| 2006 | 0.1% | +1.1% |
| 2007 | 0.1% | -6.4% |
| 2008 | 0.1% | +24.2% |
| 2009 | 0.0% | -46.1% |
| 2010 | 0.1% | +15.4% |
| 2011 | 0.1% | +45.5% |
| 2012 | 0.1% | +0.9% |
| 2013 | 0.1% | -13.2% |
| 2014 | 0.1% | -8.1% |
| 2015 | 0.0% | -52.7% |
| 2016 | 0.0% | -34.3% |
| 2017 | 0.0% | +44.3% |
| 2018 | 0.0% | +45.8% |
| 2019 | 0.0% | -14.3% |
| 2020 | 0.0% | -47.3% |
| 2021 | 0.0% | +104.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.1% | 10 |
| 1980s | 0.1% | 0.0% | 0.1% | 10 |
| 1990s | 0.0% | 0.0% | 0.1% | 10 |
| 2000s | 0.1% | 0.0% | 0.1% | 10 |
| 2010s | 0.1% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near European Union
More energy & mining data for European Union
- Fuel imports 11.3% (2024)
- Ores and metals imports 3.5% (2024)
- Ores and metals exports 2.8% (2024)
- Fuel exports 5.3% (2024)
- Electric power transmission and distribution losses 6.2% (2024)
- Mineral rents 0.1% (2021)
- Natural gas rents 0.0% (2021)
- Total natural resources rents 0.2% (2021)
- Alternative and nuclear energy 22.7% (2024)
- Electric power consumption 5,998 kWh per capita (2024)
Frequently asked questions
- What is oil rents in European Union?
- Oil rents in European Union was 0.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in European Union?
- The highest recorded value was 0.1% in 2008.
- What is the lowest oil rents recorded in European Union?
- The lowest recorded value was 0.0% in 1970.
- How does European Union rank for oil rents?
- European Union ranks 45th out of 47 groups with data for 2021.
- Is oil rents rising or falling in European Union?
- Over the last ten years it is down 51.4%. The long-run trend across the full record is volatile.
- Where does this European Union 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.