Mineral rents in Caribbean Small States
Caribbean Small States: Mineral rents was 1.2% in 2021. ◆ Volatile
Mineral rents in Caribbean Small States, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Caribbean Small States recorded 1.2% for mineral rents in 2021.
That represents a change of up 341.6% on the previous year and down 48.5% over ten years.
Over the whole period, mineral rents in Caribbean Small States peaked at 4.5% in 1974 and was at its lowest, 0.1%, in 2002.
Caribbean Small States ranks 22nd of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 4.4% | — |
| 1971 | 4.2% | -5.6% |
| 1972 | 3.7% | -10.9% |
| 1973 | 2.8% | -23.4% |
| 1974 | 4.5% | +58.7% |
| 1975 | 2.9% | -34.5% |
| 1976 | 3.1% | +4.3% |
| 1977 | 3.3% | +6.8% |
| 1978 | 3.0% | -9.8% |
| 1979 | 2.1% | -28.9% |
| 1980 | 1.7% | -21.6% |
| 1981 | 1.4% | -15.6% |
| 1982 | 1.1% | -20.1% |
| 1983 | 0.8% | -27.2% |
| 1984 | 1.2% | +46.9% |
| 1985 | 1.1% | -4.6% |
| 1986 | 1.2% | +9.5% |
| 1987 | 0.8% | -34.7% |
| 1988 | 0.7% | -10.4% |
| 1989 | 0.9% | +19.4% |
| 1990 | 0.8% | -11.5% |
| 1991 | 0.8% | +6.6% |
| 1992 | 0.7% | -13.8% |
| 1993 | 0.8% | +20.1% |
| 1994 | 1.0% | +15.5% |
| 1995 | 0.7% | -26.7% |
| 1996 | 0.8% | +14.1% |
| 1997 | 0.5% | -34.4% |
| 1998 | 0.3% | -44.3% |
| 1999 | 0.3% | -13.0% |
| 2000 | 0.3% | +13.0% |
| 2001 | 0.2% | -31.8% |
| 2002 | 0.1% | -25.2% |
| 2003 | 0.2% | +35.6% |
| 2004 | 0.4% | +73.3% |
| 2005 | 0.5% | +45.4% |
| 2006 | 0.5% | -1.8% |
| 2007 | 0.6% | +22.4% |
| 2008 | 0.6% | -5.8% |
| 2009 | 0.9% | +52.6% |
| 2010 | 1.7% | +97.0% |
| 2011 | 2.3% | +34.0% |
| 2012 | 2.4% | +3.1% |
| 2013 | 1.5% | -36.0% |
| 2014 | 0.8% | -50.5% |
| 2015 | 0.3% | -54.3% |
| 2016 | 1.4% | +308.4% |
| 2017 | 1.5% | +3.1% |
| 2018 | 0.2% | -87.9% |
| 2019 | 0.2% | +13.1% |
| 2020 | 0.3% | +35.2% |
| 2021 | 1.2% | +341.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.4% | 2.1% | 4.5% | 10 |
| 1980s | 1.1% | 0.7% | 1.7% | 10 |
| 1990s | 0.7% | 0.3% | 1.0% | 10 |
| 2000s | 0.4% | 0.1% | 0.9% | 10 |
| 2010s | 1.2% | 0.2% | 2.4% | 10 |
| 2020s | 0.7% | 0.3% | 1.2% | 2 |
Countries ranked near Caribbean Small States
More energy & mining data for Caribbean Small States
- Fuel imports 15.4% (2024)
- Ores and metals imports 3.3% (2024)
- Ores and metals exports 1.8% (2024)
- Fuel exports 29.7% (2024)
- Electric power transmission and distribution losses 5.5% (2023)
- Natural gas rents 2.0% (2021)
- Total natural resources rents 7.9% (2021)
- Alternative and nuclear energy 0.7% (2023)
- Combustible renewables and waste 0.2% (2023)
- Electricity production from oil sources 7.1% (2023)
Frequently asked questions
- What is mineral rents in Caribbean Small States?
- Mineral rents in Caribbean Small States was 1.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Caribbean Small States?
- The highest recorded value was 4.5% in 1974.
- What is the lowest mineral rents recorded in Caribbean Small States?
- The lowest recorded value was 0.1% in 2002.
- How does Caribbean Small States rank for mineral rents?
- Caribbean Small States ranks 22nd out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Caribbean Small States?
- Over the last ten years it is down 48.5%. The long-run trend across the full record is volatile.
- Where does this Caribbean Small States data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.