Mineral rents in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Mineral rents was 0.1% in 2014. ◆ Volatile
Mineral rents in Venezuela, Bolivarian Republic of, 1970–2014
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2014, mineral rents in Venezuela, Bolivarian Republic of stood at 0.1%.
The figure is down 55.3% on the previous year and down 57.9% over ten years.
Over the whole period, mineral rents in Venezuela, Bolivarian Republic of peaked at 1.0% in 2007 and was at its lowest, 0.1%, in 1999.
That places Venezuela, Bolivarian Republic of 71st out of 214 countries with data for 2014, 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 Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.6% | — |
| 1971 | 0.5% | -15.2% |
| 1972 | 0.4% | -22.5% |
| 1973 | 0.3% | -14.0% |
| 1974 | 0.4% | +9.9% |
| 1975 | 0.5% | +33.4% |
| 1976 | 0.5% | +4.2% |
| 1977 | 0.3% | -32.9% |
| 1978 | 0.2% | -32.2% |
| 1979 | 0.2% | +2.4% |
| 1980 | 0.3% | +14.7% |
| 1981 | 0.2% | -14.8% |
| 1982 | 0.2% | -3.9% |
| 1983 | 0.2% | -29.5% |
| 1984 | 0.2% | +32.4% |
| 1985 | 0.2% | +11.4% |
| 1986 | 0.2% | -7.7% |
| 1987 | 0.3% | +16.7% |
| 1988 | 0.2% | -24.1% |
| 1989 | 0.4% | +85.9% |
| 1990 | 0.5% | +28.7% |
| 1991 | 0.5% | -0.6% |
| 1992 | 0.3% | -26.3% |
| 1993 | 0.2% | -26.8% |
| 1994 | 0.3% | +18.4% |
| 1995 | 0.2% | -45.1% |
| 1996 | 0.3% | +77.0% |
| 1997 | 0.2% | -37.6% |
| 1998 | 0.2% | +0.4% |
| 1999 | 0.1% | -61.5% |
| 2000 | 0.1% | +16.7% |
| 2001 | 0.1% | +7.2% |
| 2002 | 0.1% | +74.1% |
| 2003 | 0.3% | +77.6% |
| 2004 | 0.3% | -4.5% |
| 2005 | 0.7% | +175.5% |
| 2006 | 0.7% | +5.8% |
| 2007 | 1.0% | +32.0% |
| 2008 | 0.8% | -19.9% |
| 2009 | 0.2% | -71.2% |
| 2010 | 0.4% | +82.1% |
| 2011 | 0.7% | +68.2% |
| 2012 | 0.3% | -58.8% |
| 2013 | 0.2% | -15.9% |
| 2014 | 0.1% | -55.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.2% | 0.6% | 10 |
| 1980s | 0.2% | 0.2% | 0.4% | 10 |
| 1990s | 0.3% | 0.1% | 0.5% | 10 |
| 2000s | 0.4% | 0.1% | 1.0% | 10 |
| 2010s | 0.3% | 0.1% | 0.7% | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More energy & mining data for Venezuela, Bolivarian Republic of
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.48 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 0.8% (2013)
Frequently asked questions
- What is mineral rents in Venezuela, Bolivarian Republic of?
- Mineral rents in Venezuela, Bolivarian Republic of was 0.1% in 2014, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 1.0% in 2007.
- What is the lowest mineral rents recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.1% in 1999.
- How does Venezuela, Bolivarian Republic of rank for mineral rents?
- Venezuela, Bolivarian Republic of ranks 71st out of 214 countries with data for 2014.
- Is mineral rents rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 57.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of 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 — 45 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.