Barbados: Oil revenue

* indicates monthly or quarterly data series

Revenue minus production cost of oil, percent of GDP

 Latest value 0.31
 Year 2021
 Measure percent
 Data availability 1974 - 2021
 Average 0.32
 Min - Max 0.08 - 0.86
 Source The World Bank
For that indicator, we provide data for Barbados from 1974 to 2021. The average value for Barbados during that period was 0.32 percent with a minimum of 0.08 percent in 2016 and a maximum of 0.86 percent in 1979. The latest value from 2021 is 0.31 percent. For comparison, the world average in 2021 based on 181 countries is 2.69 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Barbados - Oil revenue - Recent values chart

Historical chart
Barbados - Oil revenue - historical chart - 1974-2021

Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.

 Related indicators Latest value Reference Measure
 Gasoline prices 1.81 2014 dollars
 Diesel prices 1.44 2014 dollars
 Energy use per capita 1,477.28 2007 kilograms of oil equivalent
 Share of clean energy 4.68 2021 percent
 Energy use per $1000 GDP 85.16 2007 kilograms of oil equivalent
 Carbon dioxide (CO2) emissions 1,096 2020 kt
 Carbon dioxide (CO2) emissions per capita 3.90 2020 metric tons
 Greenhouse gas emissions 3,656 2020 kt of CO2 equivalent
 GDP per unit of energy 11.71 2007 GDP per kg of oil equivalent
 Natural resources income 0.33 2021 percent
 Oil revenue 0.31 2021 percent
 Natural gas revenue 0.01 2021 percent
 Access to electricity 100.00 2021 percent
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