Oil rents in IBRD only
IBRD only: Oil rents was 1.8% in 2021. ◆ Volatile
Oil rents in IBRD only, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in IBRD only stood at 1.8%.
Compared with earlier readings it is up 98.5% on the previous year and down 61.1% over ten years.
Over the whole period, oil rents in IBRD only peaked at 10.8% in 1980 and was at its lowest, 0.9%, in 1970.
IBRD only ranks 23rd of 45 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 IBRD only, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.9% | — |
| 1971 | 1.0% | +19.1% |
| 1972 | 1.2% | +18.0% |
| 1973 | 1.7% | +42.0% |
| 1974 | 6.9% | +295.0% |
| 1975 | 6.1% | -11.0% |
| 1976 | 6.7% | +8.6% |
| 1977 | 6.3% | -5.9% |
| 1978 | 6.2% | -1.8% |
| 1979 | 9.7% | +57.4% |
| 1980 | 10.8% | +10.9% |
| 1981 | 7.7% | -28.0% |
| 1982 | 5.7% | -26.6% |
| 1983 | 6.7% | +18.0% |
| 1984 | 6.8% | +1.0% |
| 1985 | 6.4% | -4.8% |
| 1986 | 2.9% | -54.5% |
| 1987 | 4.3% | +46.7% |
| 1988 | 3.6% | -16.1% |
| 1989 | 5.3% | +47.4% |
| 1990 | 6.4% | +20.3% |
| 1991 | 3.0% | -53.6% |
| 1992 | 2.9% | -2.1% |
| 1993 | 3.0% | +2.8% |
| 1994 | 2.5% | -15.6% |
| 1995 | 2.5% | -1.3% |
| 1996 | 3.0% | +21.3% |
| 1997 | 2.6% | -15.0% |
| 1998 | 1.4% | -43.8% |
| 1999 | 2.6% | +81.2% |
| 2000 | 4.6% | +75.4% |
| 2001 | 3.5% | -24.4% |
| 2002 | 3.6% | +2.7% |
| 2003 | 3.7% | +3.6% |
| 2004 | 4.5% | +22.2% |
| 2005 | 5.8% | +28.9% |
| 2006 | 5.9% | +1.7% |
| 2007 | 5.2% | -12.1% |
| 2008 | 6.2% | +19.1% |
| 2009 | 3.4% | -45.3% |
| 2010 | 3.8% | +11.8% |
| 2011 | 4.7% | +25.8% |
| 2012 | 4.4% | -6.8% |
| 2013 | 3.8% | -14.7% |
| 2014 | 3.3% | -13.2% |
| 2015 | 1.5% | -53.8% |
| 2016 | 1.2% | -17.7% |
| 2017 | 1.7% | +32.7% |
| 2018 | 2.3% | +42.1% |
| 2019 | 1.9% | -20.2% |
| 2020 | 0.9% | -50.4% |
| 2021 | 1.8% | +98.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.7% | 0.9% | 9.7% | 10 |
| 1980s | 6.0% | 2.9% | 10.8% | 10 |
| 1990s | 3.0% | 1.4% | 6.4% | 10 |
| 2000s | 4.6% | 3.4% | 6.2% | 10 |
| 2010s | 2.9% | 1.2% | 4.7% | 10 |
| 2020s | 1.4% | 0.9% | 1.8% | 2 |
Countries ranked near IBRD only
- 20 South Sudan 10.4% compare
- 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
More energy & mining data for IBRD only
- Fuel imports 17.1% (2024)
- Ores and metals imports 8.1% (2024)
- Ores and metals exports 4.8% (2024)
- Fuel exports 7.1% (2024)
- Electric power transmission and distribution losses 12.1% (2024)
- Mineral rents 1.3% (2021)
- Natural gas rents 0.7% (2021)
- Total natural resources rents 4.6% (2021)
- Alternative and nuclear energy 12.4% (2024)
- Electric power consumption 3,347 kWh per capita (2023)
Frequently asked questions
- What is oil rents in IBRD only?
- Oil rents in IBRD only was 1.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in IBRD only?
- The highest recorded value was 10.8% in 1980.
- What is the lowest oil rents recorded in IBRD only?
- The lowest recorded value was 0.9% in 1970.
- How does IBRD only rank for oil rents?
- IBRD only ranks 23rd out of 45 groups with data for 2021.
- Is oil rents rising or falling in IBRD only?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is volatile.
- Where does this IBRD only 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.