Oil rents in IDA blend
IDA blend: Oil rents was 3.5% in 2021. ◆ Volatile
Oil rents in IDA blend, 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 blend is 3.5%, measured in 2021.
Compared with earlier readings it is up 80.9% on the previous year and down 60.9% over ten years.
Over the whole period, oil rents in IDA blend peaked at 23.0% in 1979 and was at its lowest, 0.4%, in 1971.
That places IDA blend 13th out of 47 groups with data for 2021, putting it 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 blend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.6% | — |
| 1971 | 0.4% | -34.5% |
| 1972 | 0.8% | +129.4% |
| 1973 | 1.5% | +80.7% |
| 1974 | 15.5% | +933.8% |
| 1975 | 10.3% | -33.2% |
| 1976 | 9.9% | -3.9% |
| 1977 | 11.5% | +15.7% |
| 1978 | 8.8% | -23.3% |
| 1979 | 23.0% | +161.5% |
| 1980 | 13.4% | -41.6% |
| 1981 | 3.2% | -76.3% |
| 1982 | 1.3% | -59.5% |
| 1983 | 3.4% | +162.6% |
| 1984 | 5.1% | +51.2% |
| 1985 | 6.2% | +20.4% |
| 1986 | 2.3% | -62.8% |
| 1987 | 4.4% | +92.4% |
| 1988 | 3.6% | -18.4% |
| 1989 | 8.1% | +124.9% |
| 1990 | 9.6% | +18.9% |
| 1991 | 6.0% | -37.3% |
| 1992 | 6.7% | +11.7% |
| 1993 | 10.7% | +58.0% |
| 1994 | 8.9% | -16.9% |
| 1995 | 9.4% | +6.4% |
| 1996 | 10.3% | +9.3% |
| 1997 | 9.2% | -10.5% |
| 1998 | 4.6% | -49.9% |
| 1999 | 4.0% | -14.1% |
| 2000 | 8.1% | +103.0% |
| 2001 | 5.8% | -27.7% |
| 2002 | 5.1% | -12.8% |
| 2003 | 5.2% | +2.7% |
| 2004 | 6.6% | +26.0% |
| 2005 | 9.0% | +36.9% |
| 2006 | 8.5% | -5.1% |
| 2007 | 7.9% | -7.1% |
| 2008 | 9.3% | +17.2% |
| 2009 | 4.8% | -48.1% |
| 2010 | 7.0% | +44.4% |
| 2011 | 8.9% | +27.4% |
| 2012 | 7.6% | -14.5% |
| 2013 | 5.9% | -21.9% |
| 2014 | 4.4% | -25.4% |
| 2015 | 1.7% | -62.5% |
| 2016 | 1.4% | -16.1% |
| 2017 | 2.5% | +82.1% |
| 2018 | 3.8% | +50.1% |
| 2019 | 3.9% | +1.6% |
| 2020 | 1.9% | -50.4% |
| 2021 | 3.5% | +80.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.2% | 0.4% | 23.0% | 10 |
| 1980s | 5.1% | 1.3% | 13.4% | 10 |
| 1990s | 7.9% | 4.0% | 10.7% | 10 |
| 2000s | 7.0% | 4.8% | 9.3% | 10 |
| 2010s | 4.7% | 1.4% | 8.9% | 10 |
| 2020s | 2.7% | 1.9% | 3.5% | 2 |
Countries ranked near IDA blend
- 10 Iran, Islamic Republic of 18.3% compare
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
- 13 Gabon 15.6% compare
- 14 Qatar 15.3% compare
- 15 Equatorial Guinea 14.9% compare
- 16 Kazakhstan 14.8% compare
More energy & mining data for IDA blend
- Fuel imports 29.6% (2024)
- Ores and metals imports 2.1% (2024)
- Ores and metals exports 3.7% (2024)
- Fuel exports 44.9% (2024)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 1.1% (2021)
- Natural gas rents 1.6% (2021)
- Total natural resources rents 7.2% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 424.62 kWh per capita (2023)
Frequently asked questions
- What is oil rents in IDA blend?
- Oil rents in IDA blend was 3.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in IDA blend?
- The highest recorded value was 23.0% in 1979.
- What is the lowest oil rents recorded in IDA blend?
- The lowest recorded value was 0.4% in 1971.
- How does IDA blend rank for oil rents?
- IDA blend ranks 13th out of 47 groups with data for 2021.
- Is oil rents rising or falling in IDA blend?
- Over the last ten years it is down 60.9%. The long-run trend across the full record is volatile.
- Where does this IDA blend 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.