Mineral rents in Pacific island small states
Pacific island small states: Mineral rents was 0.5% in 2021. ◆ Volatile
Mineral rents in Pacific island small states, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, mineral rents in Pacific island small states stood at 0.5%.
The figure is up 127.5% on the previous year and down 57.5% over ten years.
Over the whole period, mineral rents in Pacific island small states peaked at 1.3% in 2012 and was at its lowest, 0.0%, in 1970.
Pacific island small states ranks 37th of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.3% | — |
| 1974 | 0.6% | +112.5% |
| 1975 | 0.4% | -27.1% |
| 1976 | 0.1% | -71.2% |
| 1977 | 0.2% | +34.1% |
| 1978 | 0.2% | -8.2% |
| 1979 | 0.3% | +117.6% |
| 1980 | 0.7% | +110.9% |
| 1981 | 0.6% | -22.7% |
| 1982 | 0.6% | +1.7% |
| 1983 | 0.6% | +10.0% |
| 1984 | 0.6% | -5.7% |
| 1985 | 0.7% | +22.8% |
| 1986 | 0.9% | +29.4% |
| 1987 | 1.3% | +35.5% |
| 1988 | 1.2% | -4.0% |
| 1989 | 1.2% | -0.3% |
| 1990 | 1.0% | -16.1% |
| 1991 | 0.4% | -58.2% |
| 1992 | 0.3% | -23.2% |
| 1993 | 0.3% | +6.2% |
| 1994 | 0.4% | +11.0% |
| 1995 | 0.3% | -14.6% |
| 1996 | 0.3% | -9.7% |
| 1997 | 0.2% | -18.6% |
| 1998 | 0.3% | +27.1% |
| 1999 | 0.4% | +25.1% |
| 2000 | 0.3% | -33.7% |
| 2001 | 0.2% | -7.4% |
| 2002 | 0.3% | +17.1% |
| 2003 | 0.3% | -5.2% |
| 2004 | 0.3% | +12.0% |
| 2005 | 0.3% | -6.1% |
| 2006 | 0.3% | +0.0% |
| 2007 | 0.1% | -56.6% |
| 2008 | 0.1% | +15.1% |
| 2009 | 0.3% | +95.7% |
| 2010 | 0.6% | +108.2% |
| 2011 | 1.2% | +106.0% |
| 2012 | 1.3% | +10.7% |
| 2013 | 0.6% | -49.9% |
| 2014 | 0.4% | -38.2% |
| 2015 | 0.2% | -50.8% |
| 2016 | 0.2% | +8.4% |
| 2017 | 0.4% | +97.5% |
| 2018 | 0.4% | -3.5% |
| 2019 | 0.2% | -61.3% |
| 2020 | 0.2% | +38.3% |
| 2021 | 0.5% | +127.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.0% | 0.6% | 10 |
| 1980s | 0.8% | 0.6% | 1.3% | 10 |
| 1990s | 0.4% | 0.2% | 1.0% | 10 |
| 2000s | 0.2% | 0.1% | 0.3% | 10 |
| 2010s | 0.5% | 0.2% | 1.3% | 10 |
| 2020s | 0.4% | 0.2% | 0.5% | 2 |
Countries ranked near Pacific island small states
- 34 Nicaragua 2.7% compare
- 35 Côte d'Ivoire 2.5% compare
- 36 Russian Federation 2.1% compare
- 37 Dominican Republic 2.0% compare
- 38 Myanmar 2.0% compare
- 39 Indonesia 1.9% compare
- 40 Philippines 1.5% compare
More energy & mining data for Pacific island small states
- Fuel imports 16.2% (2021)
- Ores and metals imports 0.8% (2021)
- Ores and metals exports 2.0% (2018)
- Fuel exports 1.3% (2017)
- Natural gas rents 0.0% (2021)
- Total natural resources rents 4.1% (2021)
- Electricity production from oil sources 57.4% (2021)
- Electricity production from hydroelectric sources 32.4% (2021)
- Access to electricity 88.3% (2024)
- Electricity production from natural gas sources 0.0% (2021)
Frequently asked questions
- What is mineral rents in Pacific island small states?
- Mineral rents in Pacific island small states was 0.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Pacific island small states?
- The highest recorded value was 1.3% in 2012.
- What is the lowest mineral rents recorded in Pacific island small states?
- The lowest recorded value was 0.0% in 1970.
- How does Pacific island small states rank for mineral rents?
- Pacific island small states ranks 37th out of 47 groups with data for 2021.
- Is mineral rents rising or falling in Pacific island small states?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states 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.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.