Oil rents in East Asia & Pacific (IDA & IBRD countries)
East Asia & Pacific (IDA & IBRD countries): Oil rents was 0.4% in 2021. ◆ Volatile
Oil rents in East Asia & Pacific (IDA & IBRD countries), 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in East Asia & Pacific (IDA & IBRD countries) is 0.4%, measured in 2021.
Compared with earlier readings it is up 166.7% on the previous year and down 79.8% over ten years.
Over the whole period, oil rents in East Asia & Pacific (IDA & IBRD countries) peaked at 12.7% in 1979 and was at its lowest, 0.1%, in 1970.
East Asia & Pacific (IDA & IBRD countries) ranks 40th of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in East Asia & Pacific (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.1% | — |
| 1971 | 0.1% | +9.9% |
| 1972 | 0.2% | +248.5% |
| 1973 | 0.6% | +201.1% |
| 1974 | 4.1% | +591.1% |
| 1975 | 4.2% | +2.3% |
| 1976 | 5.2% | +24.8% |
| 1977 | 5.5% | +5.5% |
| 1978 | 5.9% | +7.3% |
| 1979 | 12.7% | +115.5% |
| 1980 | 12.3% | -2.9% |
| 1981 | 9.3% | -24.9% |
| 1982 | 5.6% | -39.5% |
| 1983 | 6.5% | +16.5% |
| 1984 | 6.5% | -1.0% |
| 1985 | 5.8% | -10.1% |
| 1986 | 2.9% | -50.3% |
| 1987 | 4.4% | +50.8% |
| 1988 | 3.0% | -31.0% |
| 1989 | 4.2% | +38.2% |
| 1990 | 5.4% | +30.9% |
| 1991 | 3.0% | -45.3% |
| 1992 | 2.9% | -2.0% |
| 1993 | 2.6% | -9.5% |
| 1994 | 1.9% | -28.5% |
| 1995 | 1.7% | -11.1% |
| 1996 | 1.9% | +13.5% |
| 1997 | 1.6% | -16.6% |
| 1998 | 0.8% | -48.0% |
| 1999 | 1.4% | +64.8% |
| 2000 | 2.5% | +87.1% |
| 2001 | 1.7% | -33.1% |
| 2002 | 1.6% | -7.9% |
| 2003 | 1.6% | +2.1% |
| 2004 | 2.0% | +28.2% |
| 2005 | 2.7% | +33.8% |
| 2006 | 2.7% | -2.4% |
| 2007 | 2.1% | -20.8% |
| 2008 | 2.4% | +15.4% |
| 2009 | 1.1% | -54.0% |
| 2010 | 1.5% | +29.4% |
| 2011 | 1.8% | +25.5% |
| 2012 | 1.5% | -16.3% |
| 2013 | 1.3% | -16.2% |
| 2014 | 1.1% | -16.1% |
| 2015 | 0.4% | -61.0% |
| 2016 | 0.3% | -25.0% |
| 2017 | 0.4% | +27.6% |
| 2018 | 0.5% | +30.5% |
| 2019 | 0.4% | -29.5% |
| 2020 | 0.1% | -62.5% |
| 2021 | 0.4% | +166.6% |
Biggest year-on-year movements
Years where Oil rents in East Asia & Pacific (IDA & IBRD countries) 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 |
|---|---|---|---|
| 1974 | +591.1% | 0.6% | 4.1% |
| 1972 | +248.5% | 0.1% | 0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.8% | 0.1% | 12.7% | 10 |
| 1980s | 6.0% | 2.9% | 12.3% | 10 |
| 1990s | 2.3% | 0.8% | 5.4% | 10 |
| 2000s | 2.1% | 1.1% | 2.7% | 10 |
| 2010s | 0.9% | 0.3% | 1.8% | 10 |
| 2020s | 0.3% | 0.1% | 0.4% | 2 |
Countries ranked near East Asia & Pacific (IDA & IBRD countries)
More energy & mining data for East Asia & Pacific (IDA & IBRD countries)
- Fuel imports 19.5% (2024)
- Ores and metals imports 12.2% (2024)
- Ores and metals exports 2.3% (2024)
- Fuel exports 3.6% (2024)
- Electric power transmission and distribution losses 3.9% (2023)
- Mineral rents 0.6% (2021)
- Natural gas rents 0.3% (2021)
- Total natural resources rents 2.1% (2021)
- Alternative and nuclear energy 9.6% (2023)
- Electric power consumption 4,972 kWh per capita (2023)
Frequently asked questions
- What is oil rents in East Asia & Pacific (IDA & IBRD countries)?
- Oil rents in East Asia & Pacific (IDA & IBRD countries) was 0.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in East Asia & Pacific (IDA & IBRD countries)?
- The highest recorded value was 12.7% in 1979.
- What is the lowest oil rents recorded in East Asia & Pacific (IDA & IBRD countries)?
- The lowest recorded value was 0.1% in 1970.
- How does East Asia & Pacific (IDA & IBRD countries) rank for oil rents?
- East Asia & Pacific (IDA & IBRD countries) ranks 40th out of 47 groups with data for 2021.
- Is oil rents rising or falling in East Asia & Pacific (IDA & IBRD countries)?
- Over the last ten years it is down 79.8%. The long-run trend across the full record is volatile.
- Where does this East Asia & Pacific (IDA & IBRD countries) 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.