Oil rents in Canada
Canada: Oil rents was 2.8% in 2021. ◆ Volatile
Oil rents in Canada, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Canada stood at 2.8%.
That represents a change of up 218.3% on the previous year and up 71.3% over ten years.
Over the whole period, oil rents in Canada peaked at 5.0% in 1980 and was at its lowest, 0.0%, in 2015.
That places Canada 35th out of 200 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents 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
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 1.48 % 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 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 6.5% (2024)
Frequently asked questions
- What is oil rents in Canada?
- Oil rents in Canada was 2.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Canada?
- The highest recorded value was 5.0% in 1980.
- What is the lowest oil rents recorded in Canada?
- The lowest recorded value was 0.0% in 2015.
- How does Canada rank for oil rents?
- Canada ranks 35th out of 200 countries with data for 2021.
- Is oil rents 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 (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.