Mineral rents in Latin America & Caribbean
Latin America & Caribbean: Mineral rents was 3.6% in 2021. ◆ Volatile
Mineral rents in Latin America & Caribbean, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Latin America & Caribbean recorded 3.6% for mineral rents in 2021. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 266.6% on the previous year and up 86.4% over ten years.
Over the whole period, mineral rents in Latin America & Caribbean peaked at 3.6% in 2021 and was at its lowest, 0.2%, in 1998.
That places Latin America & Caribbean 5th out of 47 groups with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 1.0% | — |
| 1971 | 0.8% | -27.8% |
| 1972 | 0.7% | -5.7% |
| 1973 | 0.9% | +33.2% |
| 1974 | 1.1% | +20.4% |
| 1975 | 0.7% | -39.4% |
| 1976 | 0.9% | +23.7% |
| 1977 | 0.7% | -15.1% |
| 1978 | 0.5% | -24.3% |
| 1979 | 0.8% | +42.9% |
| 1980 | 0.9% | +16.1% |
| 1981 | 0.6% | -38.2% |
| 1982 | 0.6% | +3.8% |
| 1983 | 0.8% | +31.2% |
| 1984 | 0.7% | -9.4% |
| 1985 | 0.7% | +6.2% |
| 1986 | 0.6% | -20.5% |
| 1987 | 0.7% | +21.6% |
| 1988 | 1.3% | +80.0% |
| 1989 | 1.4% | +6.5% |
| 1990 | 1.0% | -29.4% |
| 1991 | 0.5% | -43.0% |
| 1992 | 0.4% | -19.0% |
| 1993 | 0.2% | -44.3% |
| 1994 | 0.3% | +33.5% |
| 1995 | 0.5% | +38.2% |
| 1996 | 0.4% | -18.4% |
| 1997 | 0.3% | -14.0% |
| 1998 | 0.2% | -24.9% |
| 1999 | 0.3% | +17.3% |
| 2000 | 0.3% | +14.7% |
| 2001 | 0.3% | -18.6% |
| 2002 | 0.3% | +8.3% |
| 2003 | 0.4% | +28.5% |
| 2004 | 0.7% | +91.7% |
| 2005 | 1.0% | +42.9% |
| 2006 | 1.7% | +67.2% |
| 2007 | 2.0% | +17.1% |
| 2008 | 1.7% | -14.6% |
| 2009 | 0.9% | -44.2% |
| 2010 | 1.7% | +77.6% |
| 2011 | 1.9% | +15.5% |
| 2012 | 1.5% | -24.3% |
| 2013 | 1.3% | -12.0% |
| 2014 | 0.9% | -29.8% |
| 2015 | 0.6% | -33.0% |
| 2016 | 0.7% | +22.1% |
| 2017 | 0.9% | +26.1% |
| 2018 | 0.9% | +0.9% |
| 2019 | 0.6% | -38.8% |
| 2020 | 1.0% | +70.9% |
| 2021 | 3.6% | +266.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.5% | 1.1% | 10 |
| 1980s | 0.8% | 0.6% | 1.4% | 10 |
| 1990s | 0.4% | 0.2% | 1.0% | 10 |
| 2000s | 0.9% | 0.3% | 2.0% | 10 |
| 2010s | 1.1% | 0.6% | 1.9% | 10 |
| 2020s | 2.3% | 1.0% | 3.6% | 2 |
Countries ranked near Latin America & Caribbean
More energy & mining data for Latin America & Caribbean
- Fuel imports 10.9% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 10.4% (2024)
- Fuel exports 9.8% (2024)
- Electric power transmission and distribution losses 13.6% (2024)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 6.1% (2021)
- Alternative and nuclear energy 12.8% (2024)
- Electric power consumption 2,804 kWh per capita (2024)
- Combustible renewables and waste 28.3% (2024)
Frequently asked questions
- What is mineral rents in Latin America & Caribbean?
- Mineral rents in Latin America & Caribbean was 3.6% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Latin America & Caribbean?
- The highest recorded value was 3.6% in 2021.
- What is the lowest mineral rents recorded in Latin America & Caribbean?
- The lowest recorded value was 0.2% in 1998.
- How does Latin America & Caribbean rank for mineral rents?
- Latin America & Caribbean ranks 5th out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 86.4%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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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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.