Oil rents as a share of GDP in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Oil rents as a share of GDP was 0.4% in 2021. ◆ Volatile
Oil rents as a share of GDP in United Kingdom of Great Britain and Northern Ireland, 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
United Kingdom of Great Britain and Northern Ireland recorded 0.4% for oil rents as a share of gdp in 2021.
The figure is up 73.2% on the previous year and down 49.4% over ten years.
Over the whole period, oil rents as a share of gdp in United Kingdom of Great Britain and Northern Ireland peaked at 2.8% in 1984 and was at its lowest, 0.0%, in 1970.
That places United Kingdom of Great Britain and Northern Ireland 58th out of 199 countries 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.
Oil rents as a share of GDP in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +334.6% |
| 1972 | 0.0% | +80.7% |
| 1973 | 0.0% | +104.1% |
| 1974 | 0.0% | +594.5% |
| 1975 | 0.0% | +116.3% |
| 1976 | 0.2% | +621.1% |
| 1977 | 0.7% | +187.5% |
| 1978 | 0.8% | +11.0% |
| 1979 | 2.2% | +170.5% |
| 1980 | 2.2% | +1.0% |
| 1981 | 2.0% | -6.7% |
| 1982 | 1.5% | -24.5% |
| 1983 | 2.3% | +48.9% |
| 1984 | 2.8% | +21.0% |
| 1985 | 2.7% | -3.0% |
| 1986 | 0.8% | -68.3% |
| 1987 | 1.1% | +27.5% |
| 1988 | 0.6% | -42.0% |
| 1989 | 0.8% | +20.2% |
| 1990 | 0.9% | +17.1% |
| 1991 | 0.4% | -53.3% |
| 1992 | 0.5% | +9.3% |
| 1993 | 0.5% | +12.8% |
| 1994 | 0.5% | +2.6% |
| 1995 | 0.5% | -2.1% |
| 1996 | 0.7% | +35.8% |
| 1997 | 0.5% | -29.8% |
| 1998 | 0.1% | -70.0% |
| 1999 | 0.4% | +203.7% |
| 2000 | 0.9% | +103.2% |
| 2001 | 0.6% | -30.7% |
| 2002 | 0.6% | -4.2% |
| 2003 | 0.6% | -6.3% |
| 2004 | 0.6% | +2.8% |
| 2005 | 0.7% | +25.2% |
| 2006 | 0.7% | -1.7% |
| 2007 | 0.7% | -3.7% |
| 2008 | 1.0% | +46.1% |
| 2009 | 0.6% | -38.0% |
| 2010 | 0.6% | +3.5% |
| 2011 | 0.8% | +28.5% |
| 2012 | 0.7% | -20.1% |
| 2013 | 0.5% | -18.3% |
| 2014 | 0.5% | -15.9% |
| 2015 | 0.2% | -46.7% |
| 2016 | 0.2% | -14.4% |
| 2017 | 0.3% | +48.9% |
| 2018 | 0.5% | +61.8% |
| 2019 | 0.5% | -7.8% |
| 2020 | 0.2% | -47.4% |
| 2021 | 0.4% | +73.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.0% | 2.2% | 10 |
| 1980s | 1.7% | 0.6% | 2.8% | 10 |
| 1990s | 0.5% | 0.1% | 0.9% | 10 |
| 2000s | 0.7% | 0.6% | 1.0% | 10 |
| 2010s | 0.5% | 0.2% | 0.8% | 10 |
| 2020s | 0.3% | 0.2% | 0.4% | 2 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More energy & mining data for United Kingdom of Great Britain and Northern Ireland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.3 % 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 8.2% (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is oil rents as a share of gdp in United Kingdom of Great Britain and Northern Ireland?
- Oil rents as a share of gdp in United Kingdom of Great Britain and Northern Ireland was 0.4% 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 2.8% in 1984.
- What is the lowest oil rents as a share of gdp recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 0.0% in 1970.
- How does United Kingdom of Great Britain and Northern Ireland rank for oil rents as a share of gdp?
- United Kingdom of Great Britain and Northern Ireland ranks 58th out of 199 countries with data for 2021.
- Is oil rents as a share of gdp rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 49.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.
Download this data
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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.