Oil rents in Australia
Australia: Oil rents was 0.3% in 2021. ◆ Volatile
Oil rents in Australia, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Australia stood at 0.3%.
That represents a change of up 144.2% on the previous year and down 69.9% over ten years.
Over the whole period, oil rents in Australia peaked at 2.9% in 1979 and was at its lowest, 0.0%, in 1970.
That places Australia 71st out of 200 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 in Australia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +64.7% |
| 1972 | 0.1% | +205.1% |
| 1973 | 0.2% | +221.2% |
| 1974 | 1.2% | +403.8% |
| 1975 | 1.3% | +5.0% |
| 1976 | 1.4% | +3.5% |
| 1977 | 1.5% | +11.7% |
| 1978 | 1.4% | -10.4% |
| 1979 | 2.9% | +115.6% |
| 1980 | 2.8% | -4.4% |
| 1981 | 1.9% | -32.0% |
| 1982 | 1.1% | -40.0% |
| 1983 | 1.4% | +24.7% |
| 1984 | 1.6% | +10.4% |
| 1985 | 1.9% | +21.2% |
| 1986 | 0.9% | -52.2% |
| 1987 | 1.3% | +42.1% |
| 1988 | 0.8% | -40.2% |
| 1989 | 0.8% | +2.4% |
| 1990 | 1.2% | +49.7% |
| 1991 | 0.6% | -45.7% |
| 1992 | 0.6% | -5.0% |
| 1993 | 0.6% | -0.4% |
| 1994 | 0.5% | -23.5% |
| 1995 | 0.5% | +1.2% |
| 1996 | 0.5% | +4.0% |
| 1997 | 0.4% | -20.6% |
| 1998 | 0.2% | -44.9% |
| 1999 | 0.3% | +40.6% |
| 2000 | 0.9% | +190.3% |
| 2001 | 0.7% | -17.8% |
| 2002 | 0.8% | +11.6% |
| 2003 | 0.8% | -5.8% |
| 2004 | 0.7% | -2.6% |
| 2005 | 0.9% | +20.3% |
| 2006 | 0.9% | -2.4% |
| 2007 | 0.9% | +0.7% |
| 2008 | 0.9% | +7.3% |
| 2009 | 0.6% | -40.9% |
| 2010 | 0.7% | +27.8% |
| 2011 | 0.9% | +24.2% |
| 2012 | 0.7% | -22.6% |
| 2013 | 0.5% | -20.7% |
| 2014 | 0.5% | -9.2% |
| 2015 | 0.2% | -59.5% |
| 2016 | 0.2% | -12.5% |
| 2017 | 0.2% | +14.7% |
| 2018 | 0.3% | +33.3% |
| 2019 | 0.2% | -13.4% |
| 2020 | 0.1% | -52.8% |
| 2021 | 0.3% | +144.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.0% | 0.0% | 2.9% | 10 |
| 1980s | 1.5% | 0.8% | 2.8% | 10 |
| 1990s | 0.5% | 0.2% | 1.2% | 10 |
| 2000s | 0.8% | 0.6% | 0.9% | 10 |
| 2010s | 0.4% | 0.2% | 0.9% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 2 |
Countries ranked near Australia
More energy & mining data for Australia
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -0.4235 % 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 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0.0001 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 11.7% (2025)
Frequently asked questions
- What is oil rents in Australia?
- Oil rents in Australia was 0.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Australia?
- The highest recorded value was 2.9% in 1979.
- What is the lowest oil rents recorded in Australia?
- The lowest recorded value was 0.0% in 1970.
- How does Australia rank for oil rents?
- Australia ranks 71st out of 200 countries with data for 2021.
- Is oil rents rising or falling in Australia?
- Over the last ten years it is down 69.9%. The long-run trend across the full record is volatile.
- Where does this Australia 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.