Mineral rents in Lower middle income
Lower middle income: Mineral rents was 1.3% in 2021. ◆ Volatile
Mineral rents in Lower middle income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Lower middle income recorded 1.3% for mineral rents in 2021.
Compared with earlier readings it is up 122.0% on the previous year and down 13.4% over ten years.
Over the whole period, mineral rents in Lower middle income peaked at 1.6% in 2008 and was at its lowest, 0.2%, in 1999.
That places Lower middle income 20th 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 Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.7% | — |
| 1971 | 0.5% | -30.8% |
| 1972 | 0.5% | +7.9% |
| 1973 | 0.9% | +77.0% |
| 1974 | 1.4% | +45.5% |
| 1975 | 0.9% | -37.2% |
| 1976 | 0.7% | -14.9% |
| 1977 | 0.9% | +18.8% |
| 1978 | 0.4% | -51.1% |
| 1979 | 0.6% | +36.8% |
| 1980 | 0.6% | +10.5% |
| 1981 | 0.4% | -36.1% |
| 1982 | 0.4% | -13.6% |
| 1983 | 0.4% | +4.1% |
| 1984 | 0.3% | -14.5% |
| 1985 | 0.3% | +8.8% |
| 1986 | 0.3% | +1.4% |
| 1987 | 0.4% | +1.1% |
| 1988 | 0.7% | +111.1% |
| 1989 | 0.7% | -4.1% |
| 1990 | 0.5% | -28.8% |
| 1991 | 0.4% | -14.8% |
| 1992 | 0.4% | +2.4% |
| 1993 | 0.4% | -19.5% |
| 1994 | 0.4% | -1.4% |
| 1995 | 0.2% | -29.2% |
| 1996 | 0.2% | -9.2% |
| 1997 | 0.2% | -19.4% |
| 1998 | 0.2% | +11.4% |
| 1999 | 0.2% | -11.4% |
| 2000 | 0.2% | +6.3% |
| 2001 | 0.2% | -3.1% |
| 2002 | 0.2% | +10.1% |
| 2003 | 0.2% | -5.0% |
| 2004 | 0.3% | +48.7% |
| 2005 | 0.6% | +111.8% |
| 2006 | 0.9% | +39.3% |
| 2007 | 1.2% | +44.4% |
| 2008 | 1.6% | +28.8% |
| 2009 | 0.9% | -43.9% |
| 2010 | 1.3% | +47.0% |
| 2011 | 1.5% | +12.3% |
| 2012 | 1.0% | -33.7% |
| 2013 | 0.9% | -9.7% |
| 2014 | 0.6% | -31.9% |
| 2015 | 0.4% | -34.4% |
| 2016 | 0.5% | +25.3% |
| 2017 | 0.7% | +32.4% |
| 2018 | 0.6% | -11.3% |
| 2019 | 0.5% | -11.0% |
| 2020 | 0.6% | +11.3% |
| 2021 | 1.3% | +122.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.4% | 1.4% | 10 |
| 1980s | 0.5% | 0.3% | 0.7% | 10 |
| 1990s | 0.3% | 0.2% | 0.5% | 10 |
| 2000s | 0.6% | 0.2% | 1.6% | 10 |
| 2010s | 0.8% | 0.4% | 1.5% | 10 |
| 2020s | 0.9% | 0.6% | 1.3% | 2 |
Countries ranked near Lower middle income
More energy & mining data for Lower middle income
- Fuel imports 27.3% (2024)
- Ores and metals imports 5.1% (2024)
- Ores and metals exports 5.6% (2024)
- Fuel exports 25.2% (2024)
- Electric power transmission and distribution losses 25.8% (2024)
- Natural gas rents 0.7% (2021)
- Total natural resources rents 4.7% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 906.18 kWh per capita (2023)
- Combustible renewables and waste 62.0% (2024)
Frequently asked questions
- What is mineral rents in Lower middle income?
- Mineral rents in Lower middle income was 1.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Lower middle income?
- The highest recorded value was 1.6% in 2008.
- What is the lowest mineral rents recorded in Lower middle income?
- The lowest recorded value was 0.2% in 1999.
- How does Lower middle income rank for mineral rents?
- Lower middle income ranks 20th out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Lower middle income?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is volatile.
- Where does this Lower 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.