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. 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
South Korea - Oil revenue - recent values

Historical chart
South Korea - Oil revenue - historical chart - 1971-2021

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