Oil rents in Arab World
Arab World: Oil rents was 17.3% in 2021. ▼ Falling
Oil rents in Arab World, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Arab World stood at 17.3%.
That represents a change of up 50.9% on the previous year and down 47.0% over ten years.
Over the whole period, oil rents in Arab World peaked at 57.6% in 1979 and was at its lowest, 11.5%, in 2020.
That places Arab World 1st out of 45 groups with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 52 years of available data.
Oil rents in Arab World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 12.7% | — |
| 1971 | 12.7% | +0.0% |
| 1972 | 15.4% | +21.1% |
| 1973 | 20.2% | +31.5% |
| 1974 | 46.6% | +130.4% |
| 1975 | 37.7% | -19.1% |
| 1976 | 38.2% | +1.3% |
| 1977 | 36.2% | -5.2% |
| 1978 | 32.9% | -9.2% |
| 1979 | 57.6% | +75.1% |
| 1980 | 50.4% | -12.4% |
| 1981 | 38.6% | -23.5% |
| 1982 | 25.5% | -33.7% |
| 1983 | 24.5% | -4.1% |
| 1984 | 24.2% | -1.1% |
| 1985 | 21.2% | -12.4% |
| 1986 | 13.4% | -36.9% |
| 1987 | 16.8% | +25.8% |
| 1988 | 16.1% | -4.7% |
| 1989 | 22.2% | +38.3% |
| 1990 | 22.5% | +1.3% |
| 1991 | 17.8% | -21.0% |
| 1992 | 19.6% | +10.5% |
| 1993 | 19.3% | -1.9% |
| 1994 | 18.5% | -3.7% |
| 1995 | 18.2% | -1.8% |
| 1996 | 21.2% | +16.6% |
| 1997 | 18.6% | -12.2% |
| 1998 | 12.7% | -32.0% |
| 1999 | 16.8% | +32.6% |
| 2000 | 26.3% | +56.3% |
| 2001 | 21.1% | -19.5% |
| 2002 | 20.5% | -3.1% |
| 2003 | 23.1% | +12.6% |
| 2004 | 27.6% | +19.7% |
| 2005 | 33.0% | +19.7% |
| 2006 | 33.6% | +1.8% |
| 2007 | 31.3% | -7.0% |
| 2008 | 35.0% | +12.1% |
| 2009 | 22.3% | -36.3% |
| 2010 | 25.8% | +15.8% |
| 2011 | 32.6% | +26.2% |
| 2012 | 32.2% | -1.2% |
| 2013 | 29.7% | -7.8% |
| 2014 | 26.5% | -10.8% |
| 2015 | 15.5% | -41.5% |
| 2016 | 13.2% | -15.1% |
| 2017 | 16.7% | +26.7% |
| 2018 | 21.1% | +26.7% |
| 2019 | 18.5% | -12.2% |
| 2020 | 11.5% | -38.2% |
| 2021 | 17.3% | +50.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.0% | 12.7% | 57.6% | 10 |
| 1980s | 25.3% | 13.4% | 50.4% | 10 |
| 1990s | 18.5% | 12.7% | 22.5% | 10 |
| 2000s | 27.4% | 20.5% | 35.0% | 10 |
| 2010s | 23.2% | 13.2% | 32.6% | 10 |
| 2020s | 14.4% | 11.5% | 17.3% | 2 |
Countries ranked near Arab World
More energy & mining data for Arab World
- Fuel imports 8.9% (2023)
- Ores and metals imports 3.6% (2023)
- Ores and metals exports 4.2% (2023)
- Fuel exports 68.5% (2023)
- Electric power transmission and distribution losses 16.2% (2023)
- Mineral rents 0.2% (2021)
- Natural gas rents 2.8% (2021)
- Total natural resources rents 20.4% (2021)
- Alternative and nuclear energy 2.0% (2023)
- Electric power consumption 2,739 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Arab World?
- Oil rents in Arab World was 17.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Arab World?
- The highest recorded value was 57.6% in 1979.
- What is the lowest oil rents recorded in Arab World?
- The lowest recorded value was 11.5% in 2020.
- How does Arab World rank for oil rents?
- Arab World ranks 1st out of 45 groups with data for 2021.
- Is oil rents rising or falling in Arab World?
- Over the last ten years it is down 47.0%. The long-run trend across the full record is falling.
- Where does this Arab World 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 — 52 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.