Oil rents in Early-demographic dividend
Early-demographic dividend: Oil rents was 3.5% in 2021. ◆ Volatile
Oil rents in Early-demographic dividend, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Early-demographic dividend is 3.5%, measured in 2021.
That represents a change of up 75.3% on the previous year and down 58.8% over ten years.
Over the whole period, oil rents in Early-demographic dividend peaked at 20.3% in 1979 and was at its lowest, 1.7%, in 1970.
That places Early-demographic dividend 12th out of 47 groups 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 Early-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 1.7% | — |
| 1971 | 2.0% | +17.9% |
| 1972 | 2.7% | +33.0% |
| 1973 | 3.8% | +42.0% |
| 1974 | 13.1% | +241.9% |
| 1975 | 10.7% | -18.3% |
| 1976 | 12.1% | +13.1% |
| 1977 | 11.8% | -2.5% |
| 1978 | 10.4% | -11.6% |
| 1979 | 20.3% | +94.9% |
| 1980 | 18.9% | -7.0% |
| 1981 | 14.8% | -21.6% |
| 1982 | 10.0% | -32.5% |
| 1983 | 9.9% | -0.7% |
| 1984 | 9.5% | -3.9% |
| 1985 | 8.4% | -11.8% |
| 1986 | 4.3% | -48.8% |
| 1987 | 6.0% | +39.2% |
| 1988 | 4.9% | -18.7% |
| 1989 | 7.2% | +46.9% |
| 1990 | 9.6% | +34.7% |
| 1991 | 5.3% | -45.0% |
| 1992 | 5.1% | -3.2% |
| 1993 | 5.2% | +1.1% |
| 1994 | 4.8% | -6.9% |
| 1995 | 4.8% | -1.2% |
| 1996 | 5.6% | +17.4% |
| 1997 | 4.7% | -15.5% |
| 1998 | 2.9% | -38.7% |
| 1999 | 4.2% | +43.4% |
| 2000 | 6.8% | +64.7% |
| 2001 | 5.4% | -21.5% |
| 2002 | 5.5% | +2.7% |
| 2003 | 6.1% | +10.8% |
| 2004 | 7.3% | +19.1% |
| 2005 | 9.3% | +27.7% |
| 2006 | 9.6% | +3.3% |
| 2007 | 8.6% | -10.8% |
| 2008 | 10.5% | +22.9% |
| 2009 | 5.8% | -45.4% |
| 2010 | 6.5% | +12.5% |
| 2011 | 8.6% | +32.9% |
| 2012 | 8.3% | -3.2% |
| 2013 | 7.4% | -11.3% |
| 2014 | 6.3% | -14.1% |
| 2015 | 3.1% | -51.3% |
| 2016 | 2.5% | -18.0% |
| 2017 | 3.2% | +25.4% |
| 2018 | 4.6% | +43.7% |
| 2019 | 3.6% | -21.3% |
| 2020 | 2.0% | -43.7% |
| 2021 | 3.5% | +75.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 1.7% | 20.3% | 10 |
| 1980s | 9.4% | 4.3% | 18.9% | 10 |
| 1990s | 5.2% | 2.9% | 9.6% | 10 |
| 2000s | 7.5% | 5.4% | 10.5% | 10 |
| 2010s | 5.4% | 2.5% | 8.6% | 10 |
| 2020s | 2.8% | 2.0% | 3.5% | 2 |
Countries ranked near Early-demographic dividend
- 9 Azerbaijan 21.0% compare
- 10 Iran, Islamic Republic of 18.3% compare
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
- 13 Gabon 15.6% compare
- 14 Qatar 15.3% compare
- 15 Equatorial Guinea 14.9% compare
More energy & mining data for Early-demographic dividend
- Fuel imports 15.7% (2024)
- Ores and metals imports 4.2% (2024)
- Ores and metals exports 6.9% (2024)
- Fuel exports 18.7% (2024)
- Electric power transmission and distribution losses 11.2% (2024)
- Mineral rents 1.5% (2021)
- Natural gas rents 1.0% (2021)
- Total natural resources rents 6.8% (2021)
- Alternative and nuclear energy 10.1% (2024)
- Electric power consumption 1,454 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Early-demographic dividend?
- Oil rents in Early-demographic dividend was 3.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Early-demographic dividend?
- The highest recorded value was 20.3% in 1979.
- What is the lowest oil rents recorded in Early-demographic dividend?
- The lowest recorded value was 1.7% in 1970.
- How does Early-demographic dividend rank for oil rents?
- Early-demographic dividend ranks 12th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Early-demographic dividend?
- Over the last ten years it is down 58.8%. The long-run trend across the full record is volatile.
- Where does this Early-demographic dividend 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.
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About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.