Oil rents as a share of GDP in Canada
Canada: Oil rents as a share of GDP was 2.8% in 2021. ◆ Volatile
Oil rents as a share of GDP in Canada, 1970–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Canada recorded 2.8% for oil rents as a share of gdp in 2021.
Compared with earlier readings it is up 218.3% on the previous year and up 71.3% over ten years.
Over the whole period, oil rents as a share of gdp in Canada peaked at 5.0% in 1980 and was at its lowest, 0.0%, in 2015.
Canada ranks 35th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents as a share of GDP in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.4% | — |
| 1971 | 0.5% | +13.5% |
| 1972 | 0.6% | +22.2% |
| 1973 | 0.7% | +16.2% |
| 1974 | 2.4% | +247.7% |
| 1975 | 2.2% | -7.0% |
| 1976 | 2.0% | -12.2% |
| 1977 | 2.1% | +7.5% |
| 1978 | 2.0% | -5.1% |
| 1979 | 4.3% | +116.6% |
| 1980 | 5.0% | +16.5% |
| 1981 | 3.3% | -34.6% |
| 1982 | 2.0% | -39.8% |
| 1983 | 2.4% | +23.8% |
| 1984 | 2.3% | -7.4% |
| 1985 | 2.4% | +4.0% |
| 1986 | 1.0% | -57.7% |
| 1987 | 1.4% | +43.3% |
| 1988 | 0.9% | -38.3% |
| 1989 | 1.1% | +25.1% |
| 1990 | 1.5% | +34.7% |
| 1991 | 1.0% | -32.5% |
| 1992 | 1.1% | +8.0% |
| 1993 | 1.0% | -6.9% |
| 1994 | 1.0% | -4.1% |
| 1995 | 1.0% | +6.8% |
| 1996 | 1.3% | +25.4% |
| 1997 | 0.8% | -37.8% |
| 1998 | 0.4% | -56.4% |
| 1999 | 0.8% | +117.5% |
| 2000 | 1.5% | +92.6% |
| 2001 | 0.9% | -41.6% |
| 2002 | 1.0% | +11.3% |
| 2003 | 1.1% | +17.8% |
| 2004 | 1.5% | +33.0% |
| 2005 | 1.8% | +19.2% |
| 2006 | 1.8% | +0.7% |
| 2007 | 1.8% | -0.1% |
| 2008 | 2.5% | +41.4% |
| 2009 | 1.3% | -47.6% |
| 2010 | 1.4% | +2.2% |
| 2011 | 1.7% | +21.4% |
| 2012 | 0.9% | -47.2% |
| 2013 | 1.3% | +43.2% |
| 2014 | 1.2% | -6.8% |
| 2015 | 0.0% | -97.0% |
| 2016 | 0.5% | +1263.8% |
| 2017 | 0.8% | +73.1% |
| 2018 | 1.5% | +84.3% |
| 2019 | 1.6% | +7.6% |
| 2020 | 0.9% | -45.1% |
| 2021 | 2.8% | +218.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.7% | 0.4% | 4.3% | 10 |
| 1980s | 2.2% | 0.9% | 5.0% | 10 |
| 1990s | 1.0% | 0.4% | 1.5% | 10 |
| 2000s | 1.5% | 0.9% | 2.5% | 10 |
| 2010s | 1.1% | 0.0% | 1.7% | 10 |
| 2020s | 1.9% | 0.9% | 2.8% | 2 |
Countries ranked near Canada
More energy & mining data for Canada
- Fuel imports 6.5% (2024)
- Ores and metals imports 3.2% (2024)
- Ores and metals exports 7.2% (2024)
- Gas production 2,062 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 51,394 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 2,062 terawatt-hours (2025)
- Gas production per person 51,394 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0 terawatt-hours per person (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Canada?
- Oil rents as a share of gdp in Canada was 2.8% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Canada?
- The highest recorded value was 5.0% in 1980.
- What is the lowest oil rents as a share of gdp recorded in Canada?
- The lowest recorded value was 0.0% in 2015.
- How does Canada rank for oil rents as a share of gdp?
- Canada ranks 35th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in Canada?
- Over the last ten years it is up 71.3%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.