Oil rents in Middle East, North Africa, Afghanistan & Pakistan
Middle East, North Africa, Afghanistan & Pakistan: Oil rents was 14.0% in 2021. ▼ Falling
Oil rents in Middle East, North Africa, Afghanistan & Pakistan, 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 stood at 14.0%.
Compared with earlier readings it is up 49.4% on the previous year and down 47.4% over ten years.
Over the whole period, oil rents in Middle East, North Africa, Afghanistan & Pakistan peaked at 50.6% in 1979 and was at its lowest, 9.3%, in 2020.
That places Middle East, North Africa, Afghanistan & Pakistan 2nd out of 47 groups with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 52 years of available data.
Oil rents in Middle East, North Africa, Afghanistan & Pakistan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 10.0% | — |
| 1971 | 11.5% | +15.2% |
| 1972 | 14.2% | +23.7% |
| 1973 | 19.0% | +33.5% |
| 1974 | 45.5% | +139.8% |
| 1975 | 36.5% | -19.8% |
| 1976 | 35.9% | -1.6% |
| 1977 | 33.6% | -6.4% |
| 1978 | 31.7% | -5.6% |
| 1979 | 50.6% | +59.4% |
| 1980 | 46.2% | -8.5% |
| 1981 | 35.3% | -23.6% |
| 1982 | 23.3% | -34.1% |
| 1983 | 21.3% | -8.6% |
| 1984 | 20.8% | -2.4% |
| 1985 | 18.0% | -13.6% |
| 1986 | 10.1% | -43.7% |
| 1987 | 15.0% | +48.1% |
| 1988 | 14.3% | -4.9% |
| 1989 | 20.6% | +44.3% |
| 1990 | 22.5% | +9.4% |
| 1991 | 17.8% | -21.1% |
| 1992 | 18.0% | +1.6% |
| 1993 | 19.0% | +5.1% |
| 1994 | 18.0% | -5.0% |
| 1995 | 14.8% | -18.0% |
| 1996 | 16.8% | +13.9% |
| 1997 | 15.0% | -10.6% |
| 1998 | 10.1% | -33.1% |
| 1999 | 13.7% | +36.2% |
| 2000 | 21.2% | +54.8% |
| 2001 | 16.9% | -20.5% |
| 2002 | 16.4% | -2.7% |
| 2003 | 18.5% | +12.6% |
| 2004 | 22.2% | +20.4% |
| 2005 | 27.5% | +23.6% |
| 2006 | 28.3% | +3.0% |
| 2007 | 25.9% | -8.4% |
| 2008 | 29.6% | +14.1% |
| 2009 | 18.3% | -38.2% |
| 2010 | 21.4% | +17.1% |
| 2011 | 26.6% | +24.1% |
| 2012 | 26.0% | -2.3% |
| 2013 | 24.6% | -5.1% |
| 2014 | 22.2% | -9.9% |
| 2015 | 12.7% | -42.9% |
| 2016 | 10.7% | -15.9% |
| 2017 | 13.5% | +26.2% |
| 2018 | 18.1% | +34.2% |
| 2019 | 15.4% | -14.7% |
| 2020 | 9.3% | -39.3% |
| 2021 | 14.0% | +49.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.9% | 10.0% | 50.6% | 10 |
| 1980s | 22.5% | 10.1% | 46.2% | 10 |
| 1990s | 16.6% | 10.1% | 22.5% | 10 |
| 2000s | 22.5% | 16.4% | 29.6% | 10 |
| 2010s | 19.1% | 10.7% | 26.6% | 10 |
| 2020s | 11.7% | 9.3% | 14.0% | 2 |
Countries ranked near Middle East, North Africa, Afghanistan & Pakistan
More energy & mining data for Middle East, North Africa, Afghanistan & Pakistan
- Fuel imports 10.3% (2023)
- Ores and metals imports 3.4% (2023)
- Ores and metals exports 3.9% (2023)
- Fuel exports 66.5% (2023)
- Electric power transmission and distribution losses 3.9% (2024)
- Mineral rents 0.4% (2021)
- Natural gas rents 3.0% (2021)
- Total natural resources rents 17.3% (2021)
- Alternative and nuclear energy 6.7% (2024)
- Electric power consumption 2,359 kWh per capita (2023)
All data for Middle East, North Africa, Afghanistan & Pakistan →
Frequently asked questions
- What is oil rents in Middle East, North Africa, Afghanistan & Pakistan?
- Oil rents in Middle East, North Africa, Afghanistan & Pakistan was 14.0% 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?
- The highest recorded value was 50.6% in 1979.
- What is the lowest oil rents recorded in Middle East, North Africa, Afghanistan & Pakistan?
- The lowest recorded value was 9.3% in 2020.
- How does Middle East, North Africa, Afghanistan & Pakistan rank for oil rents?
- Middle East, North Africa, Afghanistan & Pakistan ranks 2nd out of 47 groups with data for 2021.
- Is oil rents rising or falling in Middle East, North Africa, Afghanistan & Pakistan?
- Over the last ten years it is down 47.4%. The long-run trend across the full record is falling.
- Where does this Middle East, North Africa, Afghanistan & Pakistan 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.