Oil rents as a percentage of GDP reached 0.335 % in 2017 in China, according to EIA. This is 30.6 % more than in the previous year.
Historically, oil rents as a percentage of GDP in China reached an all time high of 11.8 % in 1980 and an all time low of 0.021 % in 1970. When compared to China's main peers, oil rents as a percentage of GDP in India amounted to 0.322 %, 0.002 % in Japan, 6.43 % in Russia and 0.177 % in USA in 2017.
China has been ranked 55th within the group of 103 countries we follow in terms of oil rents as a percentage of GDP, 6 places behind the position seen 10 years ago.
Oil rents are the difference between the value of crude oil production at world prices and total costs of production.