Mineral rents in Low & middle income
Low & middle income: Mineral rents was 1.2% in 2021. ◆ Volatile
Mineral rents in Low & middle income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, mineral rents in Low & middle income stood at 1.2%.
Compared with earlier readings it is up 197.2% on the previous year and down 29.9% over ten years.
Over the whole period, mineral rents in Low & middle income peaked at 1.7% in 2011 and was at its lowest, 0.2%, in 2001.
That places Low & middle income 21st out of 47 groups with data for 2021, putting it 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 Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.6% | — |
| 1971 | 0.4% | -27.4% |
| 1972 | 0.4% | -1.2% |
| 1973 | 0.7% | +54.7% |
| 1974 | 0.9% | +38.1% |
| 1975 | 0.5% | -42.5% |
| 1976 | 0.6% | +5.7% |
| 1977 | 0.6% | +3.0% |
| 1978 | 0.4% | -34.3% |
| 1979 | 0.6% | +68.7% |
| 1980 | 1.0% | +59.9% |
| 1981 | 0.6% | -38.0% |
| 1982 | 0.5% | -15.9% |
| 1983 | 0.6% | +17.2% |
| 1984 | 0.4% | -38.5% |
| 1985 | 0.5% | +22.8% |
| 1986 | 0.4% | -15.3% |
| 1987 | 0.5% | +20.5% |
| 1988 | 0.9% | +87.9% |
| 1989 | 0.8% | -13.5% |
| 1990 | 0.5% | -35.3% |
| 1991 | 0.5% | -11.6% |
| 1992 | 0.5% | -0.4% |
| 1993 | 0.3% | -31.9% |
| 1994 | 0.3% | +3.1% |
| 1995 | 0.3% | -15.1% |
| 1996 | 0.2% | -10.7% |
| 1997 | 0.2% | -17.4% |
| 1998 | 0.2% | +25.6% |
| 1999 | 0.2% | -11.2% |
| 2000 | 0.2% | -11.0% |
| 2001 | 0.2% | -8.2% |
| 2002 | 0.2% | +12.7% |
| 2003 | 0.2% | -7.1% |
| 2004 | 0.3% | +59.5% |
| 2005 | 0.6% | +104.3% |
| 2006 | 1.0% | +54.7% |
| 2007 | 1.5% | +56.0% |
| 2008 | 1.6% | +4.6% |
| 2009 | 0.8% | -47.6% |
| 2010 | 1.5% | +82.8% |
| 2011 | 1.7% | +15.7% |
| 2012 | 0.9% | -46.9% |
| 2013 | 0.8% | -13.4% |
| 2014 | 0.5% | -35.4% |
| 2015 | 0.3% | -40.3% |
| 2016 | 0.4% | +18.6% |
| 2017 | 0.5% | +24.2% |
| 2018 | 0.4% | -10.1% |
| 2019 | 0.4% | -2.2% |
| 2020 | 0.4% | +2.8% |
| 2021 | 1.2% | +197.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.4% | 0.9% | 10 |
| 1980s | 0.6% | 0.4% | 1.0% | 10 |
| 1990s | 0.3% | 0.2% | 0.5% | 10 |
| 2000s | 0.7% | 0.2% | 1.6% | 10 |
| 2010s | 0.7% | 0.3% | 1.7% | 10 |
| 2020s | 0.8% | 0.4% | 1.2% | 2 |
Countries ranked near Low & middle income
More energy & mining data for Low & middle income
- Fuel imports 18.2% (2024)
- Ores and metals imports 8.2% (2024)
- Ores and metals exports 4.2% (2024)
- Fuel exports 8.3% (2024)
- Electric power transmission and distribution losses 13.1% (2024)
- Natural gas rents 0.5% (2021)
- Total natural resources rents 4.1% (2021)
- Alternative and nuclear energy 13.4% (2024)
- Electric power consumption 2,450 kWh per capita (2023)
- Combustible renewables and waste 30.1% (2024)
Frequently asked questions
- What is mineral rents in Low & middle income?
- Mineral rents in Low & middle income was 1.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Low & middle income?
- The highest recorded value was 1.7% in 2011.
- What is the lowest mineral rents recorded in Low & middle income?
- The lowest recorded value was 0.2% in 2001.
- How does Low & middle income rank for mineral rents?
- Low & middle income ranks 21st out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Low & middle income?
- Over the last ten years it is down 29.9%. The long-run trend across the full record is volatile.
- Where does this Low & middle income 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.