Oil rents in High income
High income: Oil rents was 1.3% in 2021. ◆ Volatile
Oil rents in High income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in High income stood at 1.3%.
The figure is up 90.9% on the previous year and down 36.3% over ten years.
Over the whole period, oil rents in High income peaked at 3.4% in 1980 and was at its lowest, 0.3%, in 1970.
High income ranks 31st 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 High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.3% | — |
| 1971 | 0.3% | +16.0% |
| 1972 | 0.4% | +17.0% |
| 1973 | 0.4% | +18.1% |
| 1974 | 1.9% | +311.7% |
| 1975 | 1.6% | -11.2% |
| 1976 | 1.8% | +11.1% |
| 1977 | 1.8% | -1.3% |
| 1978 | 1.5% | -15.3% |
| 1979 | 2.8% | +85.9% |
| 1980 | 3.4% | +18.9% |
| 1981 | 2.7% | -19.8% |
| 1982 | 1.7% | -38.9% |
| 1983 | 1.7% | +3.8% |
| 1984 | 1.6% | -6.2% |
| 1985 | 1.4% | -12.9% |
| 1986 | 0.6% | -58.0% |
| 1987 | 0.7% | +20.9% |
| 1988 | 0.7% | -7.1% |
| 1989 | 0.9% | +40.6% |
| 1990 | 1.2% | +25.3% |
| 1991 | 0.7% | -43.4% |
| 1992 | 0.7% | -0.8% |
| 1993 | 0.6% | -7.0% |
| 1994 | 0.5% | -14.1% |
| 1995 | 0.5% | +0.2% |
| 1996 | 0.7% | +30.8% |
| 1997 | 0.6% | -15.8% |
| 1998 | 0.3% | -48.8% |
| 1999 | 0.5% | +68.8% |
| 2000 | 1.0% | +92.9% |
| 2001 | 0.7% | -25.7% |
| 2002 | 0.7% | -1.8% |
| 2003 | 0.8% | +14.4% |
| 2004 | 1.0% | +24.8% |
| 2005 | 1.4% | +36.0% |
| 2006 | 1.5% | +9.6% |
| 2007 | 1.5% | -1.8% |
| 2008 | 2.0% | +34.1% |
| 2009 | 1.1% | -42.8% |
| 2010 | 1.4% | +21.8% |
| 2011 | 2.0% | +45.3% |
| 2012 | 1.9% | -2.4% |
| 2013 | 1.9% | -3.2% |
| 2014 | 1.7% | -9.1% |
| 2015 | 0.8% | -51.7% |
| 2016 | 0.7% | -14.3% |
| 2017 | 0.9% | +30.3% |
| 2018 | 1.3% | +42.9% |
| 2019 | 1.2% | -9.2% |
| 2020 | 0.7% | -44.4% |
| 2021 | 1.3% | +90.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.3% | 0.3% | 2.8% | 10 |
| 1980s | 1.5% | 0.6% | 3.4% | 10 |
| 1990s | 0.6% | 0.3% | 1.2% | 10 |
| 2000s | 1.2% | 0.7% | 2.0% | 10 |
| 2010s | 1.4% | 0.7% | 2.0% | 10 |
| 2020s | 1.0% | 0.7% | 1.3% | 2 |
Countries ranked near High income
More energy & mining data for High income
- Fuel imports 11.0% (2024)
- Ores and metals imports 3.3% (2024)
- Ores and metals exports 3.9% (2024)
- Fuel exports 11.7% (2024)
- Electric power transmission and distribution losses 5.4% (2024)
- Mineral rents 0.5% (2021)
- Natural gas rents 0.5% (2021)
- Total natural resources rents 2.5% (2021)
- Alternative and nuclear energy 17.1% (2024)
- Electric power consumption 8,838 kWh per capita (2024)
Frequently asked questions
- What is oil rents in High income?
- Oil rents in High income was 1.3% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in High income?
- The highest recorded value was 3.4% in 1980.
- What is the lowest oil rents recorded in High income?
- The lowest recorded value was 0.3% in 1970.
- How does High income rank for oil rents?
- High income ranks 31st out of 47 groups with data for 2021.
- Is oil rents rising or falling in High income?
- Over the last ten years it is down 36.3%. The long-run trend across the full record is volatile.
- Where does this High income 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
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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.