Oil rents in Georgia
Georgia: Oil rents was 0.0% in 2021. ◆ Volatile
Oil rents in Georgia, 1990–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Georgia recorded 0.0% for oil rents in 2021.
That represents a change of up 87.5% on the previous year and down 79.6% over ten years.
Over the whole period, oil rents in Georgia peaked at 0.4% in 1990 and was at its lowest, 0.0%, in 2020.
That places Georgia 94th out of 201 countries with data for 2021, putting it 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 Georgia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 0.4% | — |
| 1991 | 0.2% | -45.9% |
| 1992 | 0.3% | +28.3% |
| 1993 | 0.3% | +16.2% |
| 1994 | 0.2% | -44.7% |
| 1995 | 0.2% | -9.1% |
| 1996 | 0.3% | +70.9% |
| 1997 | 0.2% | -20.6% |
| 1998 | 0.1% | -75.3% |
| 1999 | 0.2% | +283.2% |
| 2000 | 0.4% | +83.6% |
| 2001 | 0.2% | -40.3% |
| 2002 | 0.2% | -14.6% |
| 2003 | 0.4% | +89.1% |
| 2004 | 0.3% | -24.8% |
| 2005 | 0.3% | +18.0% |
| 2006 | 0.2% | -44.0% |
| 2007 | 0.2% | -19.5% |
| 2008 | 0.2% | +17.5% |
| 2009 | 0.1% | -36.3% |
| 2010 | 0.1% | -6.3% |
| 2011 | 0.1% | +31.6% |
| 2012 | 0.1% | -9.3% |
| 2013 | 0.1% | -15.1% |
| 2014 | 0.1% | -9.8% |
| 2015 | 0.0% | -58.8% |
| 2016 | 0.0% | -50.1% |
| 2017 | 0.0% | +35.7% |
| 2018 | 0.0% | +25.0% |
| 2019 | 0.0% | -12.7% |
| 2020 | 0.0% | -48.5% |
| 2021 | 0.0% | +87.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.1% | 0.4% | 10 |
| 2000s | 0.3% | 0.1% | 0.4% | 10 |
| 2010s | 0.1% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near Georgia
- 91 Philippines 0.0% compare
- 92 Bangladesh 0.0% compare
- 93 Belgium 0.0% compare
- 95 Republic of Korea 0.0% compare
- 96 Sweden 0.0% compare
- 97 Netherlands 0.0% compare
More energy & mining data for Georgia
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 5.71 % 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 (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- 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 (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 11.2% (2024)
Frequently asked questions
- What is oil rents in Georgia?
- Oil rents in Georgia was 0.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Georgia?
- The highest recorded value was 0.4% in 1990.
- What is the lowest oil rents recorded in Georgia?
- The lowest recorded value was 0.0% in 2020.
- How does Georgia rank for oil rents?
- Georgia ranks 94th out of 201 countries with data for 2021.
- Is oil rents rising or falling in Georgia?
- Over the last ten years it is down 79.6%. The long-run trend across the full record is volatile.
- Where does this Georgia 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 — 32 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.