Mineral rents in Eritrea
Eritrea: Mineral rents was 24.6% in 2011. ◆ Volatile
Mineral rents in Eritrea, 1992–2011
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Eritrea recorded 24.6% for mineral rents in 2011. That is the highest value across all 20 years on record.
That represents a change of up 63,010.5% on the previous year and up 85,592.8% over ten years.
Over the whole period, mineral rents in Eritrea peaked at 24.6% in 2011 and was at its lowest, 0.0%, in 1992.
Eritrea ranks 4th of 212 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.1% | — |
| 1995 | 0.0% | -79.5% |
| 1996 | 0.1% | +255.4% |
| 1997 | 0.2% | +283.9% |
| 1998 | 0.1% | -31.3% |
| 1999 | 0.1% | -27.9% |
| 2000 | 0.1% | -20.7% |
| 2001 | 0.0% | -62.4% |
| 2002 | 0.0% | -100.0% |
| 2003 | 0.0% | — |
| 2004 | 0.0% | — |
| 2005 | 0.0% | +42.0% |
| 2006 | 0.0% | +153.5% |
| 2007 | 0.0% | +4.9% |
| 2008 | 0.0% | +25.2% |
| 2009 | 0.0% | -12.4% |
| 2010 | 0.0% | +151.2% |
| 2011 | 24.6% | +63010.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.0% | 0.2% | 8 |
| 2000s | 0.0% | 0.0% | 0.1% | 10 |
| 2010s | 12.3% | 0.0% | 24.6% | 2 |
Countries ranked near Eritrea
More energy & mining data for Eritrea
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2011)
- Primary energy use, annual growth rate 3.82 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2011)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2011)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2011)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Gas production 0 terawatt-hours (2024)
Frequently asked questions
- What is mineral rents in Eritrea?
- Mineral rents in Eritrea was 24.6% in 2011, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Eritrea?
- The highest recorded value was 24.6% in 2011.
- What is the lowest mineral rents recorded in Eritrea?
- The lowest recorded value was 0.0% in 1992.
- How does Eritrea rank for mineral rents?
- Eritrea ranks 4th out of 212 countries with data for 2011.
- Is mineral rents rising or falling in Eritrea?
- Over the last ten years it is up 85,592.8%. The long-run trend across the full record is volatile.
- Where does this Eritrea 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.
Download this data
CSV · JSON — 20 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.