Eritrea vs Latin America & the Caribbean (IDA & IBRD countries): Mineral rents
Mineral rents over time
- Eritrea
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Eritrea currently reports 24.6% against 3.7% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 20.9%.
That makes Eritrea's figure about 6.7 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 1 time across 20 shared years of data; in 1992 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Eritrea ranks 4th and Latin America & the Caribbean (IDA & IBRD countries) ranks 4th of 214 countries.
Across the 3 decades both report, Eritrea averaged higher in 1 and Latin America & the Caribbean (IDA & IBRD countries) in 2.
Head to head by decade
| Decade | Eritrea | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.1% | 0.3% | 0.3% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 0.0% | 0.9% | 0.9% | Latin America & the Caribbean (IDA & IBRD countries) |
| 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 & the Caribbean (IDA & IBRD countries)?
- Eritrea, at 24.6% against 3.7% in Latin America & the Caribbean (IDA & IBRD countries) as of 2011.
- What is the difference in mineral rents between Eritrea and Latin America & the Caribbean (IDA & IBRD countries)?
- 20.9%, with Eritrea ahead.
- How many years of comparable data are there for Eritrea and Latin America & the Caribbean (IDA & IBRD countries)?
- 20 years are reported by both, from 1992 to 2011.
- How do Eritrea and Latin America & the Caribbean (IDA & IBRD countries) rank globally for mineral rents?
- Eritrea ranks 4th and Latin America & the Caribbean (IDA & IBRD countries) ranks 4th 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.