Mineral rents in Least developed countries
Least developed countries: Mineral rents was 3.1% in 2021. ◆ Volatile
Mineral rents in Least developed countries, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for mineral rents in Least developed countries is 3.1%, measured in 2021.
The figure is up 278.7% on the previous year and up 82.4% over ten years.
Over the whole period, mineral rents in Least developed countries peaked at 4.8% in 1973 and was at its lowest, 0.2%, in 1999.
That places Least developed countries 7th out of 45 groups with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 4.1% | — |
| 1971 | 2.6% | -36.5% |
| 1972 | 2.6% | -0.3% |
| 1973 | 4.8% | +86.2% |
| 1974 | 4.5% | -6.0% |
| 1975 | 1.5% | -67.3% |
| 1976 | 2.0% | +33.8% |
| 1977 | 1.8% | -11.4% |
| 1978 | 1.0% | -43.1% |
| 1979 | 1.6% | +61.9% |
| 1980 | 1.6% | +1.5% |
| 1981 | 1.0% | -38.5% |
| 1982 | 0.7% | -30.3% |
| 1983 | 0.9% | +31.9% |
| 1984 | 0.7% | -29.4% |
| 1985 | 0.7% | +1.7% |
| 1986 | 0.9% | +30.9% |
| 1987 | 1.0% | +9.5% |
| 1988 | 1.5% | +58.1% |
| 1989 | 1.6% | +6.5% |
| 1990 | 1.0% | -36.5% |
| 1991 | 0.4% | -58.5% |
| 1992 | 0.4% | +2.0% |
| 1993 | 0.3% | -27.1% |
| 1994 | 0.3% | -3.7% |
| 1995 | 0.2% | -37.0% |
| 1996 | 0.2% | +16.2% |
| 1997 | 0.2% | -8.6% |
| 1998 | 0.2% | -4.1% |
| 1999 | 0.2% | -12.7% |
| 2000 | 0.2% | +11.2% |
| 2001 | 0.2% | +21.3% |
| 2002 | 0.2% | +7.3% |
| 2003 | 0.2% | -24.6% |
| 2004 | 0.3% | +69.3% |
| 2005 | 0.5% | +66.4% |
| 2006 | 1.1% | +112.7% |
| 2007 | 1.1% | -1.7% |
| 2008 | 1.0% | -11.5% |
| 2009 | 0.8% | -12.1% |
| 2010 | 1.3% | +57.1% |
| 2011 | 1.7% | +29.1% |
| 2012 | 1.5% | -15.5% |
| 2013 | 1.3% | -13.7% |
| 2014 | 0.9% | -26.0% |
| 2015 | 0.6% | -37.9% |
| 2016 | 0.7% | +17.3% |
| 2017 | 0.9% | +37.9% |
| 2018 | 0.9% | +1.0% |
| 2019 | 0.6% | -37.6% |
| 2020 | 0.8% | +40.8% |
| 2021 | 3.1% | +278.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 1.0% | 4.8% | 10 |
| 1980s | 1.1% | 0.7% | 1.6% | 10 |
| 1990s | 0.3% | 0.2% | 1.0% | 10 |
| 2000s | 0.6% | 0.2% | 1.1% | 10 |
| 2010s | 1.0% | 0.6% | 1.7% | 10 |
| 2020s | 2.0% | 0.8% | 3.1% | 2 |
Countries ranked near Least developed countries
- 4 Eritrea 24.6% compare
- 5 New Caledonia 16.8% compare
- 6 Chile 16.2% compare
- 7 Mali 16.2% compare
- 8 Burkina Faso 15.5% compare
- 9 Papua New Guinea 14.4% compare
- 10 Peru 12.1% compare
More energy & mining data for Least developed countries
- Fuel imports 17.9% (2019)
- Ores and metals imports 1.6% (2019)
- Ores and metals exports 15.1% (2023)
- Fuel exports 37.4% (2023)
- Electric power transmission and distribution losses 11.5% (2023)
- Natural gas rents 0.6% (2021)
- Total natural resources rents 8.5% (2021)
- Alternative and nuclear energy 4.1% (2023)
- Electric power consumption 287.82 kWh per capita (2023)
- Combustible renewables and waste 64.9% (2023)
Frequently asked questions
- What is mineral rents in Least developed countries?
- Mineral rents in Least developed countries was 3.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Least developed countries?
- The highest recorded value was 4.8% in 1973.
- What is the lowest mineral rents recorded in Least developed countries?
- The lowest recorded value was 0.2% in 1999.
- How does Least developed countries rank for mineral rents?
- Least developed countries ranks 7th out of 45 groups with data for 2021.
- Is mineral rents rising or falling in Least developed countries?
- Over the last ten years it is up 82.4%. The long-run trend across the full record is volatile.
- Where does this Least developed countries 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.