Oil rents in Low income
Low income: Oil rents was 1.1% in 2021. ◆ Volatile
Oil rents in Low income, 1980–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Low income stood at 1.1%.
Compared with earlier readings it is up 58.1% on the previous year and down 89.9% over ten years.
Over the whole period, oil rents in Low income peaked at 12.2% in 1994 and was at its lowest, 0.5%, in 2016.
Low income ranks 33rd 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 Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 3.7% | — |
| 1981 | 2.7% | -27.4% |
| 1982 | 2.0% | -24.6% |
| 1983 | 2.2% | +11.2% |
| 1984 | 2.3% | +0.7% |
| 1985 | 2.0% | -12.6% |
| 1986 | 0.6% | -67.6% |
| 1987 | 0.8% | +27.8% |
| 1988 | 1.2% | +45.0% |
| 1989 | 1.6% | +38.3% |
| 1990 | 5.0% | +205.9% |
| 1991 | 2.9% | -41.9% |
| 1992 | 4.4% | +49.5% |
| 1993 | 5.8% | +33.5% |
| 1994 | 12.2% | +110.3% |
| 1995 | 7.1% | -41.6% |
| 1996 | 4.2% | -41.7% |
| 1997 | 3.4% | -18.4% |
| 1998 | 2.2% | -35.1% |
| 1999 | 3.8% | +70.4% |
| 2000 | 6.3% | +68.2% |
| 2001 | 5.4% | -14.2% |
| 2002 | 5.1% | -6.1% |
| 2003 | 5.3% | +4.7% |
| 2004 | 6.8% | +28.5% |
| 2005 | 8.9% | +29.9% |
| 2006 | 8.8% | -0.8% |
| 2007 | 8.1% | -8.4% |
| 2008 | 11.3% | +39.4% |
| 2009 | 5.6% | -50.3% |
| 2010 | 7.1% | +27.3% |
| 2011 | 10.6% | +48.1% |
| 2012 | 5.0% | -52.4% |
| 2013 | 3.8% | -24.0% |
| 2014 | 3.1% | -19.5% |
| 2015 | 1.0% | -68.3% |
| 2016 | 0.5% | -48.4% |
| 2017 | 0.8% | +56.9% |
| 2018 | 1.4% | +81.3% |
| 2019 | 1.1% | -23.2% |
| 2020 | 0.7% | -38.3% |
| 2021 | 1.1% | +58.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.9% | 0.6% | 3.7% | 10 |
| 1990s | 5.1% | 2.2% | 12.2% | 10 |
| 2000s | 7.2% | 5.1% | 11.3% | 10 |
| 2010s | 3.4% | 0.5% | 10.6% | 10 |
| 2020s | 0.9% | 0.7% | 1.1% | 2 |
Countries ranked near Low income
More energy & mining data for Low income
- Fuel imports 18.4% (2019)
- Ores and metals imports 1.5% (2019)
- Electric power transmission and distribution losses 19.0% (2023)
- Mineral rents 6.4% (2021)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 13.8% (2021)
- Alternative and nuclear energy 3.5% (2023)
- Electric power consumption 190.09 kWh per capita (2023)
- Combustible renewables and waste 71.8% (2023)
- Electricity production from oil sources 17.4% (2023)
Frequently asked questions
- What is oil rents in Low income?
- Oil rents in Low income was 1.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Low income?
- The highest recorded value was 12.2% in 1994.
- What is the lowest oil rents recorded in Low income?
- The lowest recorded value was 0.5% in 2016.
- How does Low income rank for oil rents?
- Low income ranks 33rd out of 47 groups with data for 2021.
- Is oil rents rising or falling in Low income?
- Over the last ten years it is down 89.9%. The long-run trend across the full record is volatile.
- Where does this Low 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
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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.