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Oil Rents (As % of GDP) rose 49.7% to 0.315% in Australia in 2018

Oil Rents (As % of GDP) (%), 2018
Oil & Gas | Australia | January 1, 2021
$2.99
Excel Sheet

Oil rents as a percentage of GDP rose 49.7% to 0.315% in Australia in 2018, according to EIA.

Historically, oil rents as a percentage of GDP in Australia reached an all time high of 2.83% in 1979 and an all time low of 0.014% in 1970. When compared to Australia's main peers, oil rents as a percentage of GDP in Indonesia amounted to 1.17%, 2.93% in Malaysia, 0.199% in New Zealand and 3.03% in Papua New Guinea in 2018.

Australia has been ranked 61st within the group of 100 countries we follow in terms of oil rents as a percentage of GDP, 2 places below the position seen 10 years ago.

Oil Rents (As % of GDP) Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Australia % 0.716% 0.537% 0.535% 0.207% 0.172%
Cambodia % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Indonesia % 2.62% 2.33% 2.01% 0.804% 0.649%
Malaysia % 5.08% 4.50% 3.91% 1.88% 1.59%
New Zealand % 0.631% 0.470% 0.435% 0.199% 0.133%
Papua New Guinea % 3.51% 2.73% 4.74% 2.29% 1.94%
Philippines % 0.178% 0.139% 0.153% 0.048% 0.037%
Singapore % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Thailand % 1.70% 1.56% 1.34% 0.566% 0.470%
Vietnam % 5.34% 4.29% 3.57% 1.52% 1.07%