North Macedonia's oil rents (% of GDP) was 0% in 2021, the latest year in the World Bank's World Development Indicators. That is down 0.02 percentage points from 0.02% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0% | 2021 |
| Five years earlier | 0.01% | 2016 |
| Ten years earlier | 0.02% | 2011 |
| Highest | 0.02% | 2012 |
| Lowest | 0% | 1992 |
| Average since 2012 | 0.00925% | 2012–2021 |
| First recorded | 0% | 1992 |
What the numbers say
In 2021, North Macedonia's oil rents (% of GDP) did not change 0 percentage points on 2020 (from 0% to 0%).
Across the 28 yearly changes before that (1993 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 0.01 percentage points in 2011 and the biggest yearly fall was 0.01 percentage points in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is downward, about 0.00305 percentage points a year. A straight line explains 83% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, North Macedonia had the 114th highest value of the 188 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| North Macedonia | 0% | 2021 |
| World | 1.36% | 2021 |
| Europe & Central Asia | 1.07% | 2021 |
| Upper middle income | 1.53% | 2021 |
Closest to North Macedonia in the 2021 ranking
- Namibia — 162nd of 188: 0%
- Nepal — 163rd of 188: 0%
- New Caledonia — 164th of 188: 0%
- Panama — 166th of 188: 0%
- Puerto Rico (US) — 167th of 188: 0%
- Rwanda — 168th of 188: 0%
What this measures
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 30 values
| Year | Oil rents (% of GDP) |
|---|---|
| 2021 | 0 |
| 2020 | 0 |
| 2019 | 0 |
| 2018 | 0 |
| 2017 | 0 |
| 2016 | 0.0129 |
| 2015 | 0.0173 |
| 2014 | 0.0218 |
| 2013 | 0.0175 |
| 2012 | 0.023 |
| 2011 | 0.0203 |
Oil rents (% of GDP) in nearby economies
More environment data for North Macedonia
- Population in largest city — 620,825 (2025)
- Population in the largest city (% of urban population) — 54.21% (2025)
- Rural population — 675,721 (2025)
- Rural population (% of total population) — 37.11% (2025)
- Urban population — 1.15 million (2025)
- Urban population (% of total population) — 62.89% (2025)
- Rural population growth (annual %) — -1.07% (2025)
- Urban population growth (annual %) — 0.33% (2025)
- Agricultural land (sq. km) — 12,410 (2024)
- Surface area (sq. km)
Reading data like this
Questions people ask
- What is North Macedonia's oil rents (% of GDP)?
- 0% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is unchanged since 1992. The highest value was 0.02% in 2012 and the lowest 0% in 1992.
- How does North Macedonia rank?
- 114th highest of 188 economies with data for 2021.
- Is the latest change in oil rents (% of GDP) unusual for North Macedonia?
- In 2021, North Macedonia's oil rents (% of GDP) did not change 0 percentage points on 2020 (from 0% to 0%). Across the 28 yearly changes before that (1993 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.PETR.RT.ZS, licensed CC BY 4.0. Original source: The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, Wo… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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