Oil rents in Africa Eastern and Southern
Africa Eastern and Southern: Oil rents was 2.3% in 2021. ◆ Volatile
Oil rents in Africa Eastern and Southern, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Africa Eastern and Southern stood at 2.3%.
That represents a change of up 73.9% on the previous year and down 68.4% over ten years.
Over the whole period, oil rents in Africa Eastern and Southern peaked at 10.6% in 2008 and was at its lowest, 0.0%, in 1971.
That places Africa Eastern and Southern 15th 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.
Oil rents in Africa Eastern and Southern, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.1% | +41121.8% |
| 1977 | 0.1% | -0.6% |
| 1978 | 0.1% | -37.5% |
| 1979 | 0.2% | +164.5% |
| 1980 | 0.9% | +407.1% |
| 1981 | 0.4% | -50.7% |
| 1982 | 0.2% | -54.2% |
| 1983 | 0.6% | +198.1% |
| 1984 | 0.8% | +43.1% |
| 1985 | 1.2% | +42.8% |
| 1986 | 0.4% | -64.6% |
| 1987 | 0.9% | +115.0% |
| 1988 | 0.8% | -14.6% |
| 1989 | 1.3% | +68.2% |
| 1990 | 1.5% | +19.4% |
| 1991 | 0.8% | -48.6% |
| 1992 | 1.2% | +53.8% |
| 1993 | 1.2% | -1.6% |
| 1994 | 1.0% | -12.8% |
| 1995 | 1.2% | +10.6% |
| 1996 | 1.5% | +27.3% |
| 1997 | 1.3% | -8.7% |
| 1998 | 0.7% | -46.8% |
| 1999 | 1.3% | +76.4% |
| 2000 | 2.9% | +129.4% |
| 2001 | 2.4% | -18.1% |
| 2002 | 3.1% | +28.4% |
| 2003 | 2.4% | -22.7% |
| 2004 | 3.1% | +32.5% |
| 2005 | 4.9% | +56.3% |
| 2006 | 5.7% | +16.7% |
| 2007 | 6.9% | +20.2% |
| 2008 | 10.6% | +55.2% |
| 2009 | 4.9% | -53.5% |
| 2010 | 6.1% | +23.5% |
| 2011 | 7.3% | +18.8% |
| 2012 | 5.8% | -19.7% |
| 2013 | 5.3% | -8.7% |
| 2014 | 4.2% | -21.7% |
| 2015 | 1.7% | -58.8% |
| 2016 | 1.6% | -8.3% |
| 2017 | 2.4% | +49.7% |
| 2018 | 3.0% | +29.4% |
| 2019 | 2.5% | -18.6% |
| 2020 | 1.3% | -46.8% |
| 2021 | 2.3% | +73.9% |
Biggest year-on-year movements
Years where Oil rents in Africa Eastern and Southern changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | +41121.8% | 0.0% | 0.1% |
| 1980 | +407.1% | 0.2% | 0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.2% | 9 |
| 1980s | 0.7% | 0.2% | 1.3% | 10 |
| 1990s | 1.2% | 0.7% | 1.5% | 10 |
| 2000s | 4.7% | 2.4% | 10.6% | 10 |
| 2010s | 4.0% | 1.6% | 7.3% | 10 |
| 2020s | 1.8% | 1.3% | 2.3% | 2 |
Countries ranked near Africa Eastern and Southern
- 12 United Arab Emirates 15.7% compare
- 13 Gabon 15.6% compare
- 14 Qatar 15.3% compare
- 15 Equatorial Guinea 14.9% compare
- 16 Kazakhstan 14.8% compare
- 17 Algeria 14.5% compare
- 18 Venezuela, Bolivarian Republic of 11.3% compare
More energy & mining data for Africa Eastern and Southern
- Fuel imports 19.9% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 22.8% (2024)
- Fuel exports 27.5% (2024)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 4.3% (2021)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 10.3% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 484 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Africa Eastern and Southern?
- Oil rents in Africa Eastern and Southern was 2.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Africa Eastern and Southern?
- The highest recorded value was 10.6% in 2008.
- What is the lowest oil rents recorded in Africa Eastern and Southern?
- The lowest recorded value was 0.0% in 1971.
- How does Africa Eastern and Southern rank for oil rents?
- Africa Eastern and Southern ranks 15th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 68.4%. The long-run trend across the full record is volatile.
- Where does this Africa Eastern and Southern data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.