Oil rents in Gabon
Gabon: Oil rents was 15.6% in 2021. ▲ Rising
Latest (2021)
15.6%
Change on year
up 55.9%
World rank
13th
of 200 countries
All-time high
53.9%
in 1979
All-time low
1.0%
in 1971
Years of data
52
1970–2021
Oil rents in Gabon, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Gabon recorded 15.6% for oil rents in 2021.
That represents a change of up 55.9% on the previous year and down 58.4% over ten years.
Over the whole period, oil rents in Gabon peaked at 53.9% in 1979 and was at its lowest, 1.0%, in 1971.
Gabon ranks 13th of 200 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 52 years of available data.
Oil rents in Gabon, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 2.8% | — |
| 1971 | 1.0% | -63.6% |
| 1972 | 3.4% | +231.3% |
| 1973 | 4.3% | +26.1% |
| 1974 | 39.0% | +807.2% |
| 1975 | 29.6% | -24.1% |
| 1976 | 21.3% | -27.9% |
| 1977 | 27.2% | +27.5% |
| 1978 | 27.6% | +1.5% |
| 1979 | 53.9% | +95.4% |
| 1980 | 32.5% | -39.7% |
| 1981 | 18.0% | -44.8% |
| 1982 | 7.5% | -58.3% |
| 1983 | 16.7% | +122.8% |
| 1984 | 20.1% | +20.4% |
| 1985 | 23.6% | +17.3% |
| 1986 | 7.7% | -67.5% |
| 1987 | 16.0% | +109.5% |
| 1988 | 11.6% | -27.7% |
| 1989 | 24.5% | +111.2% |
| 1990 | 30.6% | +25.0% |
| 1991 | 20.0% | -34.6% |
| 1992 | 23.0% | +15.1% |
| 1993 | 28.6% | +24.0% |
| 1994 | 26.3% | -8.0% |
| 1995 | 27.4% | +4.4% |
| 1996 | 29.2% | +6.3% |
| 1997 | 29.8% | +2.1% |
| 1998 | 15.5% | -47.9% |
| 1999 | 22.0% | +42.1% |
| 2000 | 43.7% | +98.3% |
| 2001 | 28.6% | -34.6% |
| 2002 | 27.2% | -4.8% |
| 2003 | 21.3% | -21.8% |
| 2004 | 25.1% | +18.1% |
| 2005 | 34.8% | +38.8% |
| 2006 | 33.9% | -2.7% |
| 2007 | 34.3% | +1.1% |
| 2008 | 37.2% | +8.5% |
| 2009 | 24.6% | -33.9% |
| 2010 | 33.5% | +36.4% |
| 2011 | 37.4% | +11.7% |
| 2012 | 38.3% | +2.3% |
| 2013 | 30.2% | -21.0% |
| 2014 | 22.2% | -26.7% |
| 2015 | 10.0% | -54.9% |
| 2016 | 9.0% | -9.7% |
| 2017 | 14.4% | +59.6% |
| 2018 | 18.3% | +27.3% |
| 2019 | 16.7% | -9.0% |
| 2020 | 10.0% | -40.2% |
| 2021 | 15.6% | +55.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.0% | 1.0% | 53.9% | 10 |
| 1980s | 17.8% | 7.5% | 32.5% | 10 |
| 1990s | 25.2% | 15.5% | 30.6% | 10 |
| 2000s | 31.1% | 21.3% | 43.7% | 10 |
| 2010s | 23.0% | 9.0% | 38.3% | 10 |
| 2020s | 12.8% | 10.0% | 15.6% | 2 |
Countries ranked near Gabon
- 10 Iran 18.3% compare
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
- 14 Qatar 15.3% compare
- 15 Equatorial Guinea 14.9% compare
- 16 Kazakhstan 14.8% compare
More energy & mining data for Gabon
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 3.39 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 6.9% (2023)
Frequently asked questions
- What is oil rents in Gabon?
- Oil rents in Gabon was 15.6% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Gabon?
- The highest recorded value was 53.9% in 1979.
- What is the lowest oil rents recorded in Gabon?
- The lowest recorded value was 1.0% in 1971.
- How does Gabon rank for oil rents?
- Gabon ranks 13th out of 200 countries with data for 2021.
- Is oil rents rising or falling in Gabon?
- Over the last ten years it is down 58.4%. The long-run trend across the full record is rising.
- Where does this Gabon 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.