Latin America & Caribbean vs Mongolia: Mineral rents
Latin America & Caribbean
3.6%
in 2021
Mongolia
26.6%
in 2021
Latin America & Caribbean rank
5th
Mongolia rank
3rd
Mineral rents over time
- Latin America & Caribbean
- Mongolia
How they compare
Mongolia currently reports 26.6% against 3.6% in Latin America & Caribbean, a difference of 23.0%.
That makes Mongolia's figure about 7.4 times Latin America & Caribbean's.
Across all 41 years both countries report, Mongolia has been ahead every year.
Latin America & Caribbean ranks 5th and Mongolia ranks 3rd of 47 groups.
Mongolia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.8% | 2.8% | 2.0% | Mongolia |
| 1990s | 0.4% | 5.3% | 4.8% | Mongolia |
| 2000s | 0.9% | 10.1% | 9.2% | Mongolia |
| 2010s | 1.1% | 8.8% | 7.7% | Mongolia |
| 2020s | 2.3% | 17.4% | 15.1% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher mineral rents, Latin America & Caribbean or Mongolia?
- Mongolia, at 26.6% against 3.6% in Latin America & Caribbean as of 2021.
- What is the difference in mineral rents between Latin America & Caribbean and Mongolia?
- 23.0%, with Mongolia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Mongolia?
- 41 years are reported by both, from 1981 to 2021.
- How do Latin America & Caribbean and Mongolia rank globally for mineral rents?
- Latin America & Caribbean ranks 5th and Mongolia ranks 3rd of 47 groups.
- 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.