Ecuador: Revenue minus production cost of oil, percent of GDP
:
For that indicator, we provide data for Ecuador from 1970 to 2018. The average value for Ecuador during that period was 8.38 percent with a minimum of 0.03 percent in 1970 and a maximum of 18.39 percent in 2008.
The latest value from 2018 is 7.25 percent. For comparison, the world average in 2018 based on 182
countries is 3.00 percent.
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global rankings for that indicator or
use the
country comparator to compare trends over time.
Definition: Oil rents are the difference between the value of crude oil production at world prices and total costs of production.
