Oil rents in Late-demographic dividend
Late-demographic dividend: Oil rents was 1.7% in 2021. ◆ Volatile
Oil rents in Late-demographic dividend, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Late-demographic dividend stood at 1.7%.
That represents a change of up 72.2% on the previous year and down 64.1% over ten years.
Over the whole period, oil rents in Late-demographic dividend peaked at 11.3% in 1980 and was at its lowest, 0.8%, in 1970.
Late-demographic dividend ranks 25th 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 Late-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.8% | — |
| 1971 | 1.0% | +12.7% |
| 1972 | 1.1% | +18.3% |
| 1973 | 1.4% | +23.8% |
| 1974 | 5.4% | +290.4% |
| 1975 | 6.0% | +9.6% |
| 1976 | 6.6% | +11.1% |
| 1977 | 6.1% | -8.6% |
| 1978 | 6.2% | +2.3% |
| 1979 | 8.9% | +43.0% |
| 1980 | 11.3% | +27.1% |
| 1981 | 8.3% | -26.5% |
| 1982 | 5.4% | -34.5% |
| 1983 | 6.8% | +25.0% |
| 1984 | 7.2% | +5.7% |
| 1985 | 6.3% | -12.6% |
| 1986 | 3.2% | -49.6% |
| 1987 | 4.2% | +33.0% |
| 1988 | 3.8% | -10.2% |
| 1989 | 5.4% | +44.1% |
| 1990 | 6.7% | +23.9% |
| 1991 | 3.4% | -49.4% |
| 1992 | 3.6% | +5.5% |
| 1993 | 3.4% | -5.1% |
| 1994 | 2.6% | -23.8% |
| 1995 | 2.3% | -9.6% |
| 1996 | 2.9% | +21.5% |
| 1997 | 2.4% | -15.4% |
| 1998 | 1.3% | -47.4% |
| 1999 | 2.5% | +95.8% |
| 2000 | 4.6% | +83.7% |
| 2001 | 3.4% | -25.7% |
| 2002 | 3.4% | -0.4% |
| 2003 | 3.7% | +10.0% |
| 2004 | 4.4% | +19.2% |
| 2005 | 5.6% | +26.8% |
| 2006 | 5.7% | +1.1% |
| 2007 | 4.9% | -13.6% |
| 2008 | 5.7% | +16.8% |
| 2009 | 3.2% | -43.6% |
| 2010 | 3.6% | +12.5% |
| 2011 | 4.7% | +30.5% |
| 2012 | 4.4% | -7.4% |
| 2013 | 3.9% | -11.7% |
| 2014 | 3.4% | -11.6% |
| 2015 | 1.6% | -52.4% |
| 2016 | 1.3% | -20.5% |
| 2017 | 1.6% | +26.5% |
| 2018 | 2.3% | +37.4% |
| 2019 | 1.9% | -15.2% |
| 2020 | 1.0% | -48.3% |
| 2021 | 1.7% | +72.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.3% | 0.8% | 8.9% | 10 |
| 1980s | 6.2% | 3.2% | 11.3% | 10 |
| 1990s | 3.1% | 1.3% | 6.7% | 10 |
| 2000s | 4.5% | 3.2% | 5.7% | 10 |
| 2010s | 2.9% | 1.3% | 4.7% | 10 |
| 2020s | 1.3% | 1.0% | 1.7% | 2 |
Countries ranked near Late-demographic dividend
- 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
- 27 Turkmenistan 5.8% compare
- 28 Timor-Leste 5.3% compare
More energy & mining data for Late-demographic dividend
- Fuel imports 16.8% (2024)
- Ores and metals imports 9.6% (2024)
- Ores and metals exports 3.5% (2024)
- Fuel exports 8.6% (2024)
- Electric power transmission and distribution losses 11.9% (2024)
- Mineral rents 1.1% (2021)
- Natural gas rents 0.8% (2021)
- Total natural resources rents 4.2% (2021)
- Alternative and nuclear energy 15.5% (2024)
- Electric power consumption 5,474 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Late-demographic dividend?
- Oil rents in Late-demographic dividend was 1.7% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Late-demographic dividend?
- The highest recorded value was 11.3% in 1980.
- What is the lowest oil rents recorded in Late-demographic dividend?
- The lowest recorded value was 0.8% in 1970.
- How does Late-demographic dividend rank for oil rents?
- Late-demographic dividend ranks 25th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Late-demographic dividend?
- Over the last ten years it is down 64.1%. The long-run trend across the full record is volatile.
- Where does this Late-demographic dividend 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.