Oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD): Oil rents was 11.9% in 2021. ▼ Falling
Oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD), 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) stood at 11.9%.
The figure is up 71.3% on the previous year and down 36.3% over ten years.
Over the whole period, oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) peaked at 32.3% in 1974 and was at its lowest, 5.8%, in 1970.
That places Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 3rd out of 47 groups with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 51 years of available data.
Oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 5.8% | — |
| 1971 | 6.7% | +15.2% |
| 1972 | 8.0% | +19.6% |
| 1973 | 11.1% | +39.3% |
| 1974 | 32.3% | +191.1% |
| 1975 | 26.5% | -17.9% |
| 1976 | 25.6% | -3.6% |
| 1977 | 23.9% | -6.7% |
| 1978 | 23.6% | -1.2% |
| 1979 | 27.8% | +17.8% |
| 1980 | 29.9% | +7.8% |
| 1981 | 20.5% | -31.3% |
| 1982 | 15.6% | -24.2% |
| 1983 | 14.1% | -9.2% |
| 1984 | 13.7% | -2.8% |
| 1985 | 13.1% | -5.0% |
| 1986 | 5.8% | -55.4% |
| 1987 | 10.2% | +74.5% |
| 1988 | 9.6% | -6.0% |
| 1989 | 14.5% | +51.7% |
| 1990 | 14.7% | +1.1% |
| 1992 | 8.7% | -40.4% |
| 1993 | 12.5% | +42.6% |
| 1994 | 13.2% | +6.1% |
| 1995 | 11.4% | -14.0% |
| 1996 | 12.1% | +6.5% |
| 1997 | 11.0% | -9.1% |
| 1998 | 7.4% | -32.8% |
| 1999 | 10.7% | +44.5% |
| 2000 | 16.5% | +54.1% |
| 2001 | 13.1% | -20.3% |
| 2002 | 13.0% | -1.0% |
| 2003 | 13.6% | +4.5% |
| 2004 | 16.9% | +24.7% |
| 2005 | 21.6% | +27.5% |
| 2006 | 22.5% | +4.2% |
| 2007 | 20.4% | -9.3% |
| 2008 | 23.4% | +14.8% |
| 2009 | 14.0% | -40.3% |
| 2010 | 16.5% | +18.1% |
| 2011 | 18.7% | +13.4% |
| 2012 | 18.2% | -2.9% |
| 2013 | 17.1% | -5.9% |
| 2014 | 15.6% | -9.2% |
| 2015 | 8.7% | -44.0% |
| 2016 | 7.6% | -12.5% |
| 2017 | 10.6% | +38.8% |
| 2018 | 15.6% | +47.1% |
| 2019 | 12.7% | -18.3% |
| 2020 | 7.0% | -45.2% |
| 2021 | 11.9% | +71.3% |
Biggest year-on-year movements
Years where Oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 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 | +191.1% | 11.1% | 32.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.1% | 5.8% | 32.3% | 10 |
| 1980s | 14.7% | 5.8% | 29.9% | 10 |
| 1990s | 11.3% | 7.4% | 14.7% | 9 |
| 2000s | 17.5% | 13.0% | 23.4% | 10 |
| 2010s | 14.1% | 7.6% | 18.7% | 10 |
| 2020s | 9.4% | 7.0% | 11.9% | 2 |
Countries ranked near Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
More energy & mining data for Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
- Fuel imports 16.8% (2019)
- Ores and metals imports 3.2% (2019)
- Ores and metals exports 3.2% (2017)
- Fuel exports 47.4% (2017)
- Electric power transmission and distribution losses 20.1% (2023)
- Mineral rents 0.8% (2021)
- Natural gas rents 3.4% (2021)
- Total natural resources rents 16.2% (2021)
- Alternative and nuclear energy 2.6% (2023)
- Electric power consumption 1,361 kWh per capita (2023)
All data for Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) →
Frequently asked questions
- What is oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- Oil rents in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) was 11.9% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- The highest recorded value was 32.3% in 1974.
- What is the lowest oil rents recorded in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- The lowest recorded value was 5.8% in 1970.
- How does Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) rank for oil rents?
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) ranks 3rd out of 47 groups with data for 2021.
- Is oil rents rising or falling in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- Over the last ten years it is down 36.3%. The long-run trend across the full record is falling.
- Where does this Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 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 — 51 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.