Oil rents in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Oil rents was 1.8% in 2021. ◆ Volatile
Oil rents in Heavily indebted poor countries (HIPC), 1980–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Heavily indebted poor countries (HIPC) recorded 1.8% for oil rents in 2021.
The figure is up 93.3% on the previous year and down 60.6% over ten years.
Over the whole period, oil rents in Heavily indebted poor countries (HIPC) peaked at 5.5% in 2008 and was at its lowest, 0.5%, in 1982.
Heavily indebted poor countries (HIPC) ranks 24th of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Heavily indebted poor countries (HIPC), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 1.5% | — |
| 1981 | 1.1% | -26.3% |
| 1982 | 0.5% | -49.3% |
| 1983 | 1.2% | +119.6% |
| 1984 | 1.6% | +30.5% |
| 1985 | 1.9% | +22.3% |
| 1986 | 0.6% | -71.3% |
| 1987 | 1.1% | +93.9% |
| 1988 | 0.8% | -28.1% |
| 1989 | 1.4% | +77.2% |
| 1990 | 1.6% | +15.0% |
| 1991 | 0.7% | -52.4% |
| 1992 | 1.1% | +49.4% |
| 1993 | 1.1% | -5.3% |
| 1994 | 1.0% | -8.8% |
| 1995 | 1.0% | +1.5% |
| 1996 | 1.2% | +18.2% |
| 1997 | 1.1% | -3.5% |
| 1998 | 0.6% | -50.3% |
| 1999 | 1.0% | +85.9% |
| 2000 | 2.5% | +140.1% |
| 2001 | 1.9% | -25.3% |
| 2002 | 1.8% | -0.2% |
| 2003 | 1.8% | -3.2% |
| 2004 | 2.9% | +63.4% |
| 2005 | 4.5% | +55.2% |
| 2006 | 5.0% | +10.3% |
| 2007 | 4.7% | -5.2% |
| 2008 | 5.5% | +16.9% |
| 2009 | 2.6% | -53.7% |
| 2010 | 3.5% | +36.6% |
| 2011 | 4.6% | +31.5% |
| 2012 | 3.1% | -33.0% |
| 2013 | 2.5% | -19.5% |
| 2014 | 1.9% | -24.3% |
| 2015 | 0.7% | -60.9% |
| 2016 | 0.6% | -12.9% |
| 2017 | 1.1% | +79.3% |
| 2018 | 1.9% | +66.1% |
| 2019 | 1.7% | -12.3% |
| 2020 | 0.9% | -43.8% |
| 2021 | 1.8% | +93.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.2% | 0.5% | 1.9% | 10 |
| 1990s | 1.0% | 0.6% | 1.6% | 10 |
| 2000s | 3.3% | 1.8% | 5.5% | 10 |
| 2010s | 2.2% | 0.6% | 4.6% | 10 |
| 2020s | 1.4% | 0.9% | 1.8% | 2 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 21 Brunei Darussalam 10.4% compare
- 22 Russian Federation 9.7% compare
- 23 Suriname 7.9% compare
- 24 Ecuador 6.4% compare
- 25 Nigeria 6.2% compare
- 26 Norway 6.1% compare
- 27 Turkmenistan 5.8% compare
More energy & mining data for Heavily indebted poor countries (HIPC)
- Fuel imports 22.1% (2023)
- Ores and metals imports 1.5% (2023)
- Ores and metals exports 16.2% (2023)
- Fuel exports 20.1% (2023)
- Electric power transmission and distribution losses 16.8% (2023)
- Mineral rents 5.2% (2021)
- Natural gas rents 0.3% (2021)
- Total natural resources rents 11.3% (2021)
- Alternative and nuclear energy 3.7% (2023)
- Electric power consumption 220.14 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Heavily indebted poor countries (HIPC)?
- Oil rents in Heavily indebted poor countries (HIPC) was 1.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 5.5% in 2008.
- What is the lowest oil rents recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 0.5% in 1982.
- How does Heavily indebted poor countries (HIPC) rank for oil rents?
- Heavily indebted poor countries (HIPC) ranks 24th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is down 60.6%. The long-run trend across the full record is volatile.
- Where does this Heavily indebted poor countries (HIPC) 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.