Oil rents in Lower middle income
Lower middle income: Oil rents was 1.6% in 2021. ◆ Volatile
Oil rents in Lower middle income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Lower middle income is 1.6%, measured in 2021.
The figure is up 76.8% on the previous year and down 75.1% over ten years.
Over the whole period, oil rents in Lower middle income peaked at 12.8% in 1979 and was at its lowest, 0.7%, in 1970.
Lower middle income ranks 26th 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 Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.7% | — |
| 1971 | 0.9% | +15.7% |
| 1972 | 1.0% | +11.0% |
| 1973 | 1.4% | +51.3% |
| 1974 | 7.8% | +441.6% |
| 1975 | 5.8% | -25.8% |
| 1976 | 6.2% | +6.7% |
| 1977 | 5.8% | -5.5% |
| 1978 | 5.1% | -12.8% |
| 1979 | 12.8% | +151.0% |
| 1980 | 10.2% | -20.3% |
| 1981 | 5.8% | -42.6% |
| 1982 | 3.6% | -38.4% |
| 1983 | 5.1% | +42.1% |
| 1984 | 5.8% | +14.1% |
| 1985 | 5.8% | -0.6% |
| 1986 | 2.4% | -58.3% |
| 1987 | 3.8% | +57.8% |
| 1988 | 2.9% | -24.6% |
| 1989 | 5.0% | +74.1% |
| 1990 | 6.4% | +27.5% |
| 1991 | 4.2% | -34.4% |
| 1992 | 4.3% | +2.4% |
| 1993 | 5.2% | +21.1% |
| 1994 | 4.4% | -15.1% |
| 1995 | 4.9% | +11.8% |
| 1996 | 5.9% | +19.9% |
| 1997 | 5.1% | -13.3% |
| 1998 | 2.6% | -49.1% |
| 1999 | 2.9% | +11.7% |
| 2000 | 5.3% | +81.1% |
| 2001 | 3.9% | -26.1% |
| 2002 | 3.9% | -0.6% |
| 2003 | 3.8% | -3.1% |
| 2004 | 4.7% | +25.2% |
| 2005 | 6.5% | +37.7% |
| 2006 | 6.7% | +3.0% |
| 2007 | 6.1% | -9.3% |
| 2008 | 7.8% | +28.1% |
| 2009 | 3.6% | -53.9% |
| 2010 | 4.5% | +26.1% |
| 2011 | 6.3% | +38.8% |
| 2012 | 5.7% | -9.4% |
| 2013 | 4.6% | -19.5% |
| 2014 | 3.3% | -27.9% |
| 2015 | 1.1% | -65.1% |
| 2016 | 0.9% | -22.9% |
| 2017 | 1.4% | +56.5% |
| 2018 | 1.9% | +40.4% |
| 2019 | 1.8% | -9.6% |
| 2020 | 0.9% | -49.8% |
| 2021 | 1.6% | +76.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.7% | 0.7% | 12.8% | 10 |
| 1980s | 5.1% | 2.4% | 10.2% | 10 |
| 1990s | 4.6% | 2.6% | 6.4% | 10 |
| 2000s | 5.2% | 3.6% | 7.8% | 10 |
| 2010s | 3.1% | 0.9% | 6.3% | 10 |
| 2020s | 1.2% | 0.9% | 1.6% | 2 |
Countries ranked near Lower middle income
More energy & mining data for Lower middle income
- Fuel imports 27.3% (2024)
- Ores and metals imports 5.1% (2024)
- Ores and metals exports 5.6% (2024)
- Fuel exports 25.2% (2024)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 1.3% (2021)
- Natural gas rents 0.7% (2021)
- Total natural resources rents 4.7% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 906.18 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Lower middle income?
- Oil rents in Lower middle income was 1.6% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Lower middle income?
- The highest recorded value was 12.8% in 1979.
- What is the lowest oil rents recorded in Lower middle income?
- The lowest recorded value was 0.7% in 1970.
- How does Lower middle income rank for oil rents?
- Lower middle income ranks 26th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Lower middle income?
- Over the last ten years it is down 75.1%. The long-run trend across the full record is volatile.
- Where does this Lower middle 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.
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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.