Mineral rents in Low income
Low income: Mineral rents was 6.4% in 2021. ◆ Volatile
Mineral rents in Low income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for mineral rents in Low income is 6.4%, measured in 2021. That is the highest value across all 52 years on record.
That represents a change of up 307.0% on the previous year and up 306.4% over ten years.
Over the whole period, mineral rents in Low income peaked at 6.4% in 2021 and was at its lowest, 0.1%, in 1995.
That places Low income 1st 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 Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 3.1% | — |
| 1971 | 2.0% | -34.2% |
| 1972 | 1.8% | -9.8% |
| 1973 | 3.3% | +82.3% |
| 1974 | 3.3% | -1.8% |
| 1975 | 1.2% | -62.7% |
| 1976 | 1.2% | -1.8% |
| 1977 | 0.9% | -23.2% |
| 1978 | 0.8% | -17.7% |
| 1979 | 1.1% | +40.4% |
| 1980 | 1.2% | +13.5% |
| 1981 | 0.8% | -35.4% |
| 1982 | 0.6% | -25.6% |
| 1983 | 0.8% | +29.8% |
| 1984 | 0.6% | -18.7% |
| 1985 | 0.6% | +5.0% |
| 1986 | 0.5% | -23.4% |
| 1987 | 0.7% | +48.0% |
| 1988 | 1.2% | +67.5% |
| 1989 | 1.2% | -3.4% |
| 1990 | 0.6% | -48.6% |
| 1991 | 0.1% | -76.9% |
| 1992 | 0.1% | -14.2% |
| 1993 | 0.1% | -36.4% |
| 1994 | 0.1% | +26.7% |
| 1995 | 0.1% | -35.1% |
| 1996 | 0.1% | +53.9% |
| 1997 | 0.1% | +0.3% |
| 1998 | 0.1% | -1.3% |
| 1999 | 0.1% | -17.1% |
| 2000 | 0.1% | +31.4% |
| 2001 | 0.1% | +27.7% |
| 2002 | 0.2% | +41.1% |
| 2003 | 0.1% | -55.5% |
| 2004 | 0.1% | -6.9% |
| 2005 | 0.1% | +61.7% |
| 2006 | 0.6% | +389.6% |
| 2007 | 0.4% | -32.6% |
| 2008 | 0.5% | +32.2% |
| 2009 | 0.6% | +3.1% |
| 2010 | 0.9% | +53.9% |
| 2011 | 1.6% | +81.7% |
| 2012 | 1.5% | -2.0% |
| 2013 | 1.4% | -7.8% |
| 2014 | 1.2% | -18.0% |
| 2015 | 0.7% | -40.0% |
| 2016 | 0.9% | +22.0% |
| 2017 | 1.3% | +47.4% |
| 2018 | 1.4% | +13.7% |
| 2019 | 1.1% | -22.8% |
| 2020 | 1.6% | +42.3% |
| 2021 | 6.4% | +307.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 0.8% | 3.3% | 10 |
| 1980s | 0.8% | 0.5% | 1.2% | 10 |
| 1990s | 0.1% | 0.1% | 0.6% | 10 |
| 2000s | 0.3% | 0.1% | 0.6% | 10 |
| 2010s | 1.2% | 0.7% | 1.6% | 10 |
| 2020s | 4.0% | 1.6% | 6.4% | 2 |
Countries ranked near Low income
More energy & mining data for Low income
- Fuel imports 18.4% (2019)
- Ores and metals imports 1.5% (2019)
- Electric power transmission and distribution losses 19.0% (2023)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 13.8% (2021)
- Alternative and nuclear energy 3.5% (2023)
- Electric power consumption 190.09 kWh per capita (2023)
- Combustible renewables and waste 71.8% (2023)
- Electricity production from oil sources 17.4% (2023)
- Electricity production from hydroelectric sources 61.7% (2023)
Frequently asked questions
- What is mineral rents in Low income?
- Mineral rents in Low income was 6.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Low income?
- The highest recorded value was 6.4% in 2021.
- What is the lowest mineral rents recorded in Low income?
- The lowest recorded value was 0.1% in 1995.
- How does Low income rank for mineral rents?
- Low income ranks 1st out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Low income?
- Over the last ten years it is up 306.4%. The long-run trend across the full record is volatile.
- Where does this Low 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.