Oil rents in Iraq
Iraq: Oil rents was 42.8% in 2021. ▲ Rising
Oil rents in Iraq, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Iraq recorded 42.8% for oil rents in 2021.
That represents a change of up 58.3% on the previous year and down 16.0% over ten years.
Over the whole period, oil rents in Iraq peaked at 65.2% in 2005 and was at its lowest, 9.4%, in 1990.
That places Iraq 2nd out of 201 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 48 years of available data.
Oil rents in Iraq, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 15.9% | — |
| 1971 | 19.6% | +23.5% |
| 1972 | 20.5% | +4.4% |
| 1973 | 29.0% | +41.4% |
| 1974 | 62.4% | +115.5% |
| 1975 | 59.4% | -4.9% |
| 1976 | 53.2% | -10.4% |
| 1977 | 49.9% | -6.2% |
| 1978 | 46.6% | -6.7% |
| 1980 | 55.2% | +18.6% |
| 1981 | 27.1% | -50.9% |
| 1982 | 20.0% | -26.1% |
| 1983 | 20.6% | +2.8% |
| 1984 | 21.1% | +2.4% |
| 1985 | 23.6% | +12.1% |
| 1986 | 14.1% | -40.1% |
| 1987 | 19.9% | +40.7% |
| 1988 | 19.5% | -2.1% |
| 1989 | 28.1% | +44.3% |
| 1990 | 9.4% | -66.4% |
| 1994 | 65.0% | +589.6% |
| 1995 | 22.3% | -65.8% |
| 1996 | 35.4% | +58.8% |
| 1997 | 31.6% | -10.7% |
| 1998 | 36.6% | +15.9% |
| 1999 | 36.7% | +0.3% |
| 2000 | 48.6% | +32.3% |
| 2001 | 49.2% | +1.3% |
| 2002 | 46.7% | -5.1% |
| 2003 | 53.0% | +13.6% |
| 2004 | 64.7% | +22.0% |
| 2005 | 65.2% | +0.8% |
| 2006 | 63.6% | -2.5% |
| 2007 | 52.9% | -16.7% |
| 2008 | 55.4% | +4.6% |
| 2009 | 39.1% | -29.4% |
| 2010 | 43.3% | +10.6% |
| 2011 | 50.9% | +17.7% |
| 2012 | 49.6% | -2.6% |
| 2013 | 45.3% | -8.6% |
| 2014 | 46.6% | +2.8% |
| 2015 | 37.3% | -20.1% |
| 2016 | 33.0% | -11.5% |
| 2017 | 38.9% | +18.1% |
| 2018 | 45.8% | +17.6% |
| 2019 | 40.2% | -12.1% |
| 2020 | 27.0% | -32.8% |
| 2021 | 42.8% | +58.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.6% | 15.9% | 62.4% | 9 |
| 1980s | 24.9% | 14.1% | 55.2% | 10 |
| 1990s | 33.9% | 9.4% | 65.0% | 7 |
| 2000s | 53.8% | 39.1% | 65.2% | 10 |
| 2010s | 43.1% | 33.0% | 50.9% | 10 |
| 2020s | 34.9% | 27.0% | 42.8% | 2 |
Countries ranked near Iraq
More energy & mining data for Iraq
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 4 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 22.9% (2014)
Frequently asked questions
- What is oil rents in Iraq?
- Oil rents in Iraq was 42.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Iraq?
- The highest recorded value was 65.2% in 2005.
- What is the lowest oil rents recorded in Iraq?
- The lowest recorded value was 9.4% in 1990.
- How does Iraq rank for oil rents?
- Iraq ranks 2nd out of 201 countries with data for 2021.
- Is oil rents rising or falling in Iraq?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is rising.
- Where does this Iraq 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
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.