Oil rents in IDA total
IDA total: Oil rents was 2.0% in 2021. ◆ Volatile
Oil rents in IDA total, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in IDA total stood at 2.0%.
The figure is up 82.2% on the previous year and down 70.3% over ten years.
Over the whole period, oil rents in IDA total peaked at 14.0% in 1979 and was at its lowest, 0.3%, in 1971.
IDA total ranks 18th 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 total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.3% | — |
| 1972 | 0.5% | +106.7% |
| 1973 | 0.9% | +58.4% |
| 1974 | 8.0% | +841.6% |
| 1975 | 5.6% | -30.7% |
| 1976 | 6.3% | +12.6% |
| 1977 | 6.9% | +10.6% |
| 1978 | 5.3% | -23.0% |
| 1979 | 14.0% | +161.6% |
| 1980 | 8.3% | -40.7% |
| 1981 | 2.7% | -67.6% |
| 1982 | 1.3% | -51.5% |
| 1983 | 2.6% | +98.3% |
| 1984 | 3.4% | +32.6% |
| 1985 | 3.9% | +13.3% |
| 1986 | 1.3% | -65.5% |
| 1987 | 2.4% | +80.4% |
| 1988 | 2.0% | -16.8% |
| 1989 | 4.1% | +104.6% |
| 1990 | 5.7% | +39.8% |
| 1991 | 3.6% | -38.1% |
| 1992 | 4.3% | +20.4% |
| 1993 | 6.5% | +52.2% |
| 1994 | 7.2% | +10.8% |
| 1995 | 6.6% | -8.3% |
| 1996 | 6.9% | +3.7% |
| 1997 | 6.1% | -11.1% |
| 1998 | 3.1% | -48.4% |
| 1999 | 2.6% | -17.3% |
| 2000 | 5.3% | +103.2% |
| 2001 | 4.0% | -24.7% |
| 2002 | 3.6% | -8.8% |
| 2003 | 3.8% | +3.3% |
| 2004 | 4.8% | +28.2% |
| 2005 | 6.6% | +37.4% |
| 2006 | 6.5% | -1.8% |
| 2007 | 6.0% | -7.6% |
| 2008 | 7.4% | +23.2% |
| 2009 | 3.7% | -49.5% |
| 2010 | 5.1% | +36.3% |
| 2011 | 6.8% | +34.6% |
| 2012 | 5.1% | -25.9% |
| 2013 | 3.9% | -22.4% |
| 2014 | 3.0% | -23.7% |
| 2015 | 1.1% | -64.2% |
| 2016 | 0.8% | -25.8% |
| 2017 | 1.4% | +77.3% |
| 2018 | 2.2% | +52.6% |
| 2019 | 2.2% | +4.1% |
| 2020 | 1.1% | -50.2% |
| 2021 | 2.0% | +82.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 0.3% | 14.0% | 9 |
| 1980s | 3.2% | 1.3% | 8.3% | 10 |
| 1990s | 5.3% | 2.6% | 7.2% | 10 |
| 2000s | 5.2% | 3.6% | 7.4% | 10 |
| 2010s | 3.2% | 0.8% | 6.8% | 10 |
| 2020s | 1.6% | 1.1% | 2.0% | 2 |
Countries ranked near IDA total
- 15 Equatorial Guinea 14.9% compare
- 16 Kazakhstan 14.8% compare
- 17 Algeria 14.5% compare
- 18 Venezuela, Bolivarian Republic of 11.3% compare
- 19 Bahrain 10.9% compare
- 20 South Sudan 10.4% compare
- 21 Brunei Darussalam 10.4% compare
More energy & mining data for IDA total
- Fuel imports 24.3% (2023)
- Ores and metals imports 1.7% (2023)
- Ores and metals exports 9.5% (2023)
- Fuel exports 30.8% (2023)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 2.2% (2021)
- Natural gas rents 1.0% (2021)
- Total natural resources rents 7.1% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 374.93 kWh per capita (2023)
Frequently asked questions
- What is oil rents in IDA total?
- Oil rents in IDA total was 2.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in IDA total?
- The highest recorded value was 14.0% in 1979.
- What is the lowest oil rents recorded in IDA total?
- The lowest recorded value was 0.3% in 1971.
- How does IDA total rank for oil rents?
- IDA total ranks 18th out of 47 groups with data for 2021.
- Is oil rents rising or falling in IDA total?
- Over the last ten years it is down 70.3%. The long-run trend across the full record is volatile.
- Where does this IDA 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.
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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.