Oil rents in IDA & IBRD total
IDA & IBRD total: Oil rents was 1.9% in 2021. ◆ Volatile
Oil rents in IDA & IBRD total, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in IDA & IBRD total is 1.9%, measured in 2021.
Compared with earlier readings it is up 96.9% on the previous year and down 62.0% over ten years.
Over the whole period, oil rents in IDA & IBRD total peaked at 10.5% in 1980 and was at its lowest, 0.8%, in 1970.
IDA & IBRD total ranks 22nd 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 IDA & IBRD total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.8% | — |
| 1971 | 1.0% | +13.5% |
| 1972 | 1.2% | +21.3% |
| 1973 | 1.7% | +43.7% |
| 1974 | 7.0% | +322.8% |
| 1975 | 6.1% | -13.5% |
| 1976 | 6.6% | +9.1% |
| 1977 | 6.3% | -4.2% |
| 1978 | 6.1% | -4.3% |
| 1979 | 10.2% | +67.5% |
| 1980 | 10.5% | +2.8% |
| 1981 | 6.9% | -33.6% |
| 1982 | 5.0% | -27.8% |
| 1983 | 6.2% | +22.8% |
| 1984 | 6.4% | +3.4% |
| 1985 | 6.1% | -3.5% |
| 1986 | 2.8% | -55.2% |
| 1987 | 4.1% | +48.7% |
| 1988 | 3.5% | -15.4% |
| 1989 | 5.2% | +50.5% |
| 1990 | 6.3% | +21.6% |
| 1991 | 3.0% | -52.2% |
| 1992 | 3.0% | +0.0% |
| 1993 | 3.3% | +8.7% |
| 1994 | 2.9% | -11.8% |
| 1995 | 2.8% | -2.2% |
| 1996 | 3.4% | +18.3% |
| 1997 | 2.9% | -14.4% |
| 1998 | 1.6% | -44.3% |
| 1999 | 2.6% | +62.6% |
| 2000 | 4.6% | +77.6% |
| 2001 | 3.5% | -24.5% |
| 2002 | 3.6% | +1.7% |
| 2003 | 3.7% | +3.5% |
| 2004 | 4.5% | +22.7% |
| 2005 | 5.9% | +29.6% |
| 2006 | 5.9% | +1.4% |
| 2007 | 5.2% | -11.8% |
| 2008 | 6.3% | +19.5% |
| 2009 | 3.4% | -45.7% |
| 2010 | 3.9% | +13.8% |
| 2011 | 4.9% | +26.5% |
| 2012 | 4.5% | -8.6% |
| 2013 | 3.8% | -15.3% |
| 2014 | 3.3% | -14.0% |
| 2015 | 1.5% | -54.6% |
| 2016 | 1.2% | -18.1% |
| 2017 | 1.6% | +35.0% |
| 2018 | 2.3% | +42.7% |
| 2019 | 1.9% | -18.4% |
| 2020 | 0.9% | -50.4% |
| 2021 | 1.9% | +96.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.7% | 0.8% | 10.2% | 10 |
| 1980s | 5.7% | 2.8% | 10.5% | 10 |
| 1990s | 3.2% | 1.6% | 6.3% | 10 |
| 2000s | 4.7% | 3.4% | 6.3% | 10 |
| 2010s | 2.9% | 1.2% | 4.9% | 10 |
| 2020s | 1.4% | 0.9% | 1.9% | 2 |
Countries ranked near IDA & IBRD total
- 19 Bahrain 10.9% compare
- 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
More energy & mining data for IDA & IBRD total
- Fuel imports 17.6% (2024)
- Ores and metals imports 7.8% (2024)
- Ores and metals exports 4.9% (2024)
- Fuel exports 8.0% (2024)
- Electric power transmission and distribution losses 12.2% (2024)
- Mineral rents 1.4% (2021)
- Natural gas rents 0.8% (2021)
- Total natural resources rents 4.8% (2021)
- Alternative and nuclear energy 12.6% (2024)
- Electric power consumption 2,585 kWh per capita (2023)
Frequently asked questions
- What is oil rents in IDA & IBRD total?
- Oil rents in IDA & IBRD total was 1.9% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in IDA & IBRD total?
- The highest recorded value was 10.5% in 1980.
- What is the lowest oil rents recorded in IDA & IBRD total?
- The lowest recorded value was 0.8% in 1970.
- How does IDA & IBRD total rank for oil rents?
- IDA & IBRD total ranks 22nd out of 47 groups with data for 2021.
- Is oil rents rising or falling in IDA & IBRD total?
- Over the last ten years it is down 62.0%. The long-run trend across the full record is volatile.
- Where does this IDA & IBRD total 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.