Oil rents in Ghana
Ghana: Oil rents was 4.1% in 2021. ◆ Volatile
Oil rents in Ghana, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Ghana is 4.1%, measured in 2021.
The figure is up 80.0% on the previous year and down 20.2% over ten years.
Over the whole period, oil rents in Ghana peaked at 5.1% in 2011 and was at its lowest, 0.0%, in 1971.
Ghana ranks 30th of 201 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 0.0% | — |
| 1978 | 0.1% | — |
| 1979 | 0.4% | +434.1% |
| 1980 | 0.3% | -8.3% |
| 1981 | 0.2% | -39.0% |
| 1982 | 0.1% | -59.1% |
| 1983 | 0.2% | +107.0% |
| 1984 | 0.2% | +7.3% |
| 1985 | 0.1% | -46.7% |
| 1986 | 0.0% | -91.9% |
| 1987 | 0.0% | -100.0% |
| 1988 | 0.0% | — |
| 1989 | 0.0% | — |
| 1990 | 0.0% | — |
| 1991 | 0.0% | — |
| 1992 | 0.1% | — |
| 1993 | 0.1% | +51.0% |
| 1994 | 0.1% | -20.5% |
| 1995 | 0.2% | +171.0% |
| 1996 | 0.4% | +64.3% |
| 1997 | 0.3% | -22.5% |
| 1998 | 0.1% | -55.9% |
| 1999 | 0.2% | +92.3% |
| 2000 | 1.0% | +301.8% |
| 2001 | 0.7% | -31.6% |
| 2002 | 0.6% | -9.0% |
| 2003 | 0.5% | -17.8% |
| 2004 | 0.6% | +22.5% |
| 2005 | 0.7% | +12.7% |
| 2006 | 0.4% | -37.2% |
| 2007 | 0.4% | -4.0% |
| 2008 | 0.5% | +20.4% |
| 2009 | 0.3% | -47.5% |
| 2010 | 0.4% | +46.8% |
| 2011 | 5.1% | +1198.1% |
| 2012 | 4.8% | -5.9% |
| 2013 | 3.5% | -26.5% |
| 2014 | 3.4% | -2.7% |
| 2015 | 1.3% | -62.2% |
| 2016 | 1.0% | -22.5% |
| 2017 | 2.6% | +160.2% |
| 2018 | 4.1% | +59.1% |
| 2019 | 4.1% | -1.9% |
| 2020 | 2.3% | -44.6% |
| 2021 | 4.1% | +80.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.4% | 9 |
| 1980s | 0.1% | 0.0% | 0.3% | 10 |
| 1990s | 0.2% | 0.0% | 0.4% | 10 |
| 2000s | 0.6% | 0.3% | 1.0% | 10 |
| 2010s | 3.0% | 0.4% | 5.1% | 10 |
| 2020s | 3.2% | 2.3% | 4.1% | 2 |
Countries ranked near Ghana
- 27 Turkmenistan 5.8% compare
- 28 Timor-Leste 5.3% compare
- 29 Yemen 4.8% compare
- 31 Syrian Arab Republic 4.0% compare
- 32 Colombia 3.4% compare
- 33 Sudan 3.3% compare
More energy & mining data for Ghana
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 5.27 % 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 32.1% (2023)
Frequently asked questions
- What is oil rents in Ghana?
- Oil rents in Ghana was 4.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Ghana?
- The highest recorded value was 5.1% in 2011.
- What is the lowest oil rents recorded in Ghana?
- The lowest recorded value was 0.0% in 1971.
- How does Ghana rank for oil rents?
- Ghana ranks 30th out of 201 countries with data for 2021.
- Is oil rents rising or falling in Ghana?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is volatile.
- Where does this Ghana 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
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About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.