Oil rents in Republic of Korea
Republic of Korea: Oil rents was 0.0% in 2021. ◆ Volatile
Oil rents in Republic of Korea, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Republic of Korea recorded 0.0% for oil rents in 2021.
Compared with earlier readings it is up 215.0% on the previous year and down 52.6% over ten years.
Over the whole period, oil rents in Republic of Korea peaked at 0.1% in 2011 and was at its lowest, 0.0%, in 1971.
That places Republic of Korea 95th out of 200 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 Republic of Korea, 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 | 0.0% | — |
| 1979 | 0.0% | — |
| 1980 | 0.0% | — |
| 1981 | 0.0% | — |
| 1982 | 0.0% | — |
| 1983 | 0.0% | — |
| 1984 | 0.0% | — |
| 1985 | 0.0% | — |
| 1986 | 0.0% | — |
| 1987 | 0.0% | — |
| 1988 | 0.0% | — |
| 1989 | 0.0% | — |
| 1990 | 0.0% | — |
| 1991 | 0.0% | — |
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.0% | — |
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | -6.8% |
| 1999 | 0.0% | +57.8% |
| 2000 | 0.0% | +155.9% |
| 2001 | 0.0% | -31.6% |
| 2002 | 0.0% | -18.2% |
| 2003 | 0.0% | -6.8% |
| 2004 | 0.0% | +16.7% |
| 2005 | 0.0% | +46.8% |
| 2006 | 0.0% | +22.1% |
| 2007 | 0.0% | +6.3% |
| 2008 | 0.0% | +65.5% |
| 2009 | 0.0% | -27.0% |
| 2010 | 0.0% | +83.0% |
| 2011 | 0.1% | +36.1% |
| 2012 | 0.1% | -4.6% |
| 2013 | 0.0% | -18.9% |
| 2014 | 0.0% | -12.6% |
| 2015 | 0.0% | -54.3% |
| 2016 | 0.0% | -15.9% |
| 2017 | 0.0% | +0.9% |
| 2018 | 0.0% | +61.0% |
| 2019 | 0.0% | -23.8% |
| 2020 | 0.0% | -53.1% |
| 2021 | 0.0% | +215.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.0% | 9 |
| 1980s | 0.0% | 0.0% | 0.0% | 10 |
| 1990s | 0.0% | 0.0% | 0.0% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near Republic of Korea
More energy & mining data for Republic of Korea
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.55 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 25.7% (2024)
Frequently asked questions
- What is oil rents in Republic of Korea?
- Oil rents in Republic of Korea was 0.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Republic of Korea?
- The highest recorded value was 0.1% in 2011.
- What is the lowest oil rents recorded in Republic of Korea?
- The lowest recorded value was 0.0% in 1971.
- How does Republic of Korea rank for oil rents?
- Republic of Korea ranks 95th out of 200 countries with data for 2021.
- Is oil rents rising or falling in Republic of Korea?
- Over the last ten years it is down 52.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea 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 — 51 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.