South Korea: Oil revenue
* indicates monthly or quarterly data series
| South Korea |
Revenue minus production cost of oil, percent of GDP |
|---|---|
| Latest value | 0.03 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1971 - 2021 |
| Average | 0.01 |
| Min - Max | 0 - 0.06 |
| Source | The World Bank |
For that indicator, we provide data for South Korea from 1971 to 2021. The average value for South Korea during that period was 0.01 percent with a minimum of 0 percent in 1971 and a maximum of 0.06 percent in 2011.
The latest value from 2021 is 0.03 percent. For comparison, the world average in 2021 based on 181
countries is 2.69 percent.
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* indicates monthly or quarterly data series
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Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.