Eritrea vs Latin America & Caribbean: Mineral rents
Mineral rents over time
- Eritrea
- Latin America & Caribbean
How they compare
Eritrea currently reports 24.6% against 3.6% in Latin America & Caribbean, a difference of 21.0%.
That makes Eritrea's figure about 6.9 times Latin America & Caribbean's.
The two have swapped places 1 time across 20 shared years of data; in 1992 it was Latin America & Caribbean ahead.
Eritrea ranks 4th and Latin America & Caribbean ranks 5th of 214 countries.
Across the 3 decades both report, Eritrea averaged higher in 1 and Latin America & Caribbean in 2.
Head to head by decade
| Decade | Eritrea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.1% | 0.3% | 0.3% | Latin America & Caribbean |
| 2000s | 0.0% | 0.9% | 0.9% | Latin America & Caribbean |
| 2010s | 12.3% | 1.8% | 10.5% | Eritrea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher mineral rents, Eritrea or Latin America & Caribbean?
- Eritrea, at 24.6% against 3.6% in Latin America & Caribbean as of 2011.
- What is the difference in mineral rents between Eritrea and Latin America & Caribbean?
- 21.0%, with Eritrea ahead.
- How many years of comparable data are there for Eritrea and Latin America & Caribbean?
- 20 years are reported by both, from 1992 to 2011.
- How do Eritrea and Latin America & Caribbean rank globally for mineral rents?
- Eritrea ranks 4th and Latin America & Caribbean ranks 5th of 214 countries.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Mineral rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.