Oil rents in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Oil rents was 2.2% in 2021. ◆ Volatile
Oil rents in Latin America & Caribbean (excluding high income), 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Latin America & Caribbean (excluding high income) recorded 2.2% for oil rents in 2021.
The figure is up 141.4% on the previous year and down 52.1% over ten years.
Over the whole period, oil rents in Latin America & Caribbean (excluding high income) peaked at 7.2% in 1980 and was at its lowest, 0.5%, in 1970.
That places Latin America & Caribbean (excluding high income) 16th 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 Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.5% | — |
| 1971 | 0.7% | +37.4% |
| 1972 | 0.7% | -2.0% |
| 1973 | 1.0% | +42.6% |
| 1974 | 4.0% | +297.2% |
| 1975 | 3.2% | -20.9% |
| 1976 | 3.2% | +0.3% |
| 1977 | 2.5% | -19.8% |
| 1978 | 2.6% | +2.7% |
| 1979 | 6.5% | +150.2% |
| 1980 | 7.2% | +10.7% |
| 1981 | 5.6% | -22.2% |
| 1982 | 3.8% | -32.4% |
| 1983 | 5.8% | +53.5% |
| 1984 | 5.8% | -0.4% |
| 1985 | 5.4% | -7.4% |
| 1986 | 2.3% | -56.7% |
| 1987 | 3.6% | +55.4% |
| 1988 | 2.5% | -31.6% |
| 1989 | 3.4% | +38.6% |
| 1990 | 4.4% | +29.8% |
| 1991 | 2.4% | -46.3% |
| 1992 | 2.4% | +0.6% |
| 1993 | 2.0% | -15.9% |
| 1994 | 1.7% | -15.5% |
| 1995 | 1.9% | +12.4% |
| 1996 | 2.4% | +27.0% |
| 1997 | 2.1% | -15.5% |
| 1998 | 1.1% | -45.7% |
| 1999 | 2.1% | +88.2% |
| 2000 | 3.5% | +65.2% |
| 2001 | 2.7% | -22.5% |
| 2002 | 3.2% | +18.1% |
| 2003 | 3.4% | +8.8% |
| 2004 | 4.1% | +18.5% |
| 2005 | 5.2% | +26.8% |
| 2006 | 5.4% | +3.6% |
| 2007 | 4.6% | -14.3% |
| 2008 | 5.4% | +17.3% |
| 2009 | 2.8% | -48.4% |
| 2010 | 3.2% | +15.0% |
| 2011 | 4.5% | +41.0% |
| 2012 | 4.2% | -5.9% |
| 2013 | 3.6% | -16.4% |
| 2014 | 3.0% | -14.9% |
| 2015 | 1.2% | -60.4% |
| 2016 | 0.9% | -22.5% |
| 2017 | 1.2% | +30.1% |
| 2018 | 1.9% | +59.9% |
| 2019 | 1.6% | -17.2% |
| 2020 | 0.9% | -44.0% |
| 2021 | 2.2% | +141.4% |
Biggest year-on-year movements
Years where Oil rents in Latin America & Caribbean (excluding high income) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +297.2% | 1.0% | 4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.5% | 0.5% | 6.5% | 10 |
| 1980s | 4.5% | 2.3% | 7.2% | 10 |
| 1990s | 2.3% | 1.1% | 4.4% | 10 |
| 2000s | 4.0% | 2.7% | 5.4% | 10 |
| 2010s | 2.5% | 0.9% | 4.5% | 10 |
| 2020s | 1.5% | 0.9% | 2.2% | 2 |
Countries ranked near Latin America & Caribbean (excluding high income)
More energy & mining data for Latin America & Caribbean (excluding high income)
- Fuel imports 9.9% (2024)
- Ores and metals imports 2.4% (2024)
- Ores and metals exports 5.6% (2025)
- Fuel exports 7.4% (2025)
- Electric power transmission and distribution losses 14.2% (2024)
- Mineral rents 2.9% (2021)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 5.7% (2021)
- Alternative and nuclear energy 12.6% (2024)
- Electric power consumption 2,739 kWh per capita (2024)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is oil rents in Latin America & Caribbean (excluding high income)?
- Oil rents in Latin America & Caribbean (excluding high income) was 2.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 7.2% in 1980.
- What is the lowest oil rents recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 0.5% in 1970.
- How does Latin America & Caribbean (excluding high income) rank for oil rents?
- Latin America & Caribbean (excluding high income) ranks 16th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 52.1%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high income) 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 — 52 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.