Oil rents in East Asia & Pacific
East Asia & Pacific: Oil rents was 0.3% in 2021. ◆ Volatile
Oil rents in East Asia & Pacific, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
East Asia & Pacific recorded 0.3% for oil rents in 2021.
Compared with earlier readings it is up 175.5% on the previous year and down 73.1% over ten years.
Over the whole period, oil rents in East Asia & Pacific peaked at 3.0% in 1980 and was at its lowest, 0.0%, in 1970.
East Asia & Pacific ranks 43rd 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, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +11.2% |
| 1972 | 0.1% | +214.9% |
| 1973 | 0.2% | +187.2% |
| 1974 | 1.3% | +602.8% |
| 1975 | 1.4% | +3.2% |
| 1976 | 1.6% | +13.8% |
| 1977 | 1.6% | +0.9% |
| 1978 | 1.3% | -18.7% |
| 1979 | 2.7% | +107.3% |
| 1980 | 3.0% | +13.1% |
| 1981 | 2.2% | -28.8% |
| 1982 | 1.4% | -35.0% |
| 1983 | 1.6% | +13.6% |
| 1984 | 1.6% | +1.8% |
| 1985 | 1.5% | -5.0% |
| 1986 | 0.6% | -62.4% |
| 1987 | 0.7% | +26.6% |
| 1988 | 0.5% | -36.9% |
| 1989 | 0.7% | +42.6% |
| 1990 | 0.9% | +35.5% |
| 1991 | 0.5% | -47.4% |
| 1992 | 0.5% | -0.4% |
| 1993 | 0.4% | -11.6% |
| 1994 | 0.3% | -23.4% |
| 1995 | 0.3% | -3.4% |
| 1996 | 0.4% | +33.8% |
| 1997 | 0.4% | -8.8% |
| 1998 | 0.2% | -46.8% |
| 1999 | 0.3% | +60.0% |
| 2000 | 0.6% | +93.3% |
| 2001 | 0.5% | -23.5% |
| 2002 | 0.5% | +1.4% |
| 2003 | 0.5% | +4.6% |
| 2004 | 0.7% | +30.7% |
| 2005 | 0.9% | +44.1% |
| 2006 | 1.0% | +10.6% |
| 2007 | 0.9% | -9.6% |
| 2008 | 1.2% | +24.9% |
| 2009 | 0.6% | -51.6% |
| 2010 | 0.8% | +34.7% |
| 2011 | 1.0% | +32.2% |
| 2012 | 0.9% | -13.5% |
| 2013 | 0.8% | -9.6% |
| 2014 | 0.7% | -12.7% |
| 2015 | 0.3% | -59.4% |
| 2016 | 0.2% | -26.0% |
| 2017 | 0.3% | +29.5% |
| 2018 | 0.4% | +33.8% |
| 2019 | 0.3% | -28.0% |
| 2020 | 0.1% | -61.7% |
| 2021 | 0.3% | +175.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.0% | 0.0% | 2.7% | 10 |
| 1980s | 1.4% | 0.5% | 3.0% | 10 |
| 1990s | 0.4% | 0.2% | 0.9% | 10 |
| 2000s | 0.7% | 0.5% | 1.2% | 10 |
| 2010s | 0.6% | 0.2% | 1.0% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 2 |
Countries ranked near East Asia & Pacific
More energy & mining data for East Asia & Pacific
- Fuel imports 18.0% (2024)
- Ores and metals imports 8.3% (2024)
- Ores and metals exports 3.5% (2024)
- Fuel exports 5.1% (2024)
- Electric power transmission and distribution losses 4.4% (2024)
- Mineral rents 1.0% (2021)
- Natural gas rents 0.3% (2021)
- Total natural resources rents 2.1% (2021)
- Alternative and nuclear energy 14.2% (2024)
- Electric power consumption 5,353 kWh per capita (2023)
Frequently asked questions
- What is oil rents in East Asia & Pacific?
- Oil rents in East Asia & Pacific was 0.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in East Asia & Pacific?
- The highest recorded value was 3.0% in 1980.
- What is the lowest oil rents recorded in East Asia & Pacific?
- The lowest recorded value was 0.0% in 1970.
- How does East Asia & Pacific rank for oil rents?
- East Asia & Pacific ranks 43rd out of 47 groups with data for 2021.
- Is oil rents rising or falling in East Asia & Pacific?
- Over the last ten years it is down 73.1%. The long-run trend across the full record is volatile.
- Where does this East Asia & Pacific 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.