Oil rents (% of GDP) in Africa Western and Central stood at 5.43% in 2021, according to World Bank. The latest value is up 2.44 percentage points from 2.98% in 2020. Ten years earlier, in 2011, the value was 13.72% (down 8.29 percentage points since). The highest value since 1971 was 27.42% in 1979, the lowest 0.31% in 1971.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Oil rents (% of GDP), measured in %, measures the total economic output of Africa Western and Central. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Africa Western and Central, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Oil rents (% of GDP) in Africa Western and Central stood at 5.43% in 2021, according to World Bank.
The latest value is up 2.44 percentage points from 2.98% in 2020. Ten years earlier, in 2011, the value was 13.72% (down 8.29 percentage points since).
The highest value since 1971 was 27.42% in 1979, the lowest 0.31% in 1971.
| Indicator | Oil rents (% of GDP) |
|---|---|
| Country | Africa Western and Central |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Oil rents (% of GDP) — Africa Western and Central [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/AFW. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
World Bank. "Oil rents (% of GDP) — Africa Western and Central." EconDash, 2026, https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/AFW. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
World Bank. 2026. "Oil rents (% of GDP) — Africa Western and Central." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/AFW. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
@misc{econdash_wdi_ny_gdp_petr_rt_zs_afw,
author = {{World Bank}},
title = {{Oil rents (\% of GDP) --- Africa Western and Central}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/AFW},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS}
}Browse indicators available for Africa Western and Central. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
| Demographics | 28 indicators |
|---|---|
| Healthcare | 33 indicators |
| Macroeconomics | 76 indicators |
| Education | 7 indicators |
| Commodities and Energy | 75 indicators |
| Technology and Internet | 6 indicators |
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| Labor and Employment | 29 indicators |
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| Total indicators | 272 |