Norway—Oil Rents (% of GDP)
Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #24 of 197
Latest Value
6.06%
2021
YoY Change
+87.7%
2020 → 2021
Global Rank
#24
of 197 countries
Maximum
11.56%
2000
Minimum
2.60%
2016
CAGR
-3.0%
22 years
Last
6.06%
Previous
3.23%
Highest
11.56%
Lowest
2.60%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 6.06% | +87.7% |
| 2020 | 3.23% | -28.8% |
| 2019 | 4.54% | -8.6% |
| 2018 | 4.97% | +36.6% |
| 2017 | 3.64% | +39.6% |
| 2016 | 2.60% | -17.2% |
| 2015 | 3.15% | -43.2% |
| 2014 | 5.54% | -0.1% |
| 2013 | 5.55% | -14.2% |
| 2012 | 6.47% | -13.8% |
| 2011 | 7.50% | +33.6% |
| 2010 | 5.62% | -6.3% |
| 2009 | 5.99% | -39.3% |
| 2008 | 9.87% | +23.7% |
| 2007 | 7.98% | -13.2% |
| 2006 | 9.20% | -4.5% |
| 2005 | 9.63% | +15.2% |
| 2004 | 8.36% | +13.9% |
| 2003 | 7.34% | -2.3% |
| 2002 | 7.51% | -9.7% |
| 2001 | 8.32% | -28.0% |
| 2000 | 11.56% |
Top Countries — Oil Rents (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Libya | 56.38% | 2021 |
| 2 | Iraq | 42.79% | 2021 |
| 3 | Congo, Rep. | 34.38% | 2021 |
| 4 | Angola | 28.27% | 2021 |
| 5 | Kuwait | 27.58% | 2020 |
| 6 | Saudi Arabia | 23.69% | 2021 |
| 7 | Oman | 23.54% | 2021 |
| 8 | Guyana | 22.08% | 2021 |
| 9 | Azerbaijan | 20.98% | 2021 |
| 10 | Iran, Islamic Rep. | 18.27% | 2021 |
About This Indicator
Definition
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Methodology
Data compiled by The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, World Bank (WB), note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations..
Source: World Bank - World Development IndicatorsView original source →