Oil rents in Middle income
Middle income: Oil rents was 1.5% in 2021. ◆ Volatile
Oil rents in Middle income, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Middle income stood at 1.5%.
The figure is up 92.8% on the previous year and down 65.9% over ten years.
Over the whole period, oil rents in Middle income peaked at 10.9% in 1980 and was at its lowest, 0.8%, in 2020.
Middle income ranks 27th 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 Middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.8% | — |
| 1971 | 1.0% | +16.3% |
| 1972 | 1.2% | +20.9% |
| 1973 | 1.7% | +44.5% |
| 1974 | 7.2% | +320.7% |
| 1975 | 6.1% | -14.9% |
| 1976 | 6.7% | +9.4% |
| 1977 | 6.4% | -3.4% |
| 1978 | 6.2% | -4.2% |
| 1979 | 10.3% | +67.4% |
| 1980 | 10.9% | +5.4% |
| 1981 | 7.2% | -33.9% |
| 1982 | 5.2% | -27.9% |
| 1983 | 6.3% | +22.6% |
| 1984 | 6.6% | +3.3% |
| 1985 | 6.3% | -3.6% |
| 1986 | 2.8% | -55.0% |
| 1987 | 4.3% | +50.8% |
| 1988 | 3.3% | -23.1% |
| 1989 | 4.9% | +47.5% |
| 1990 | 6.0% | +23.0% |
| 1991 | 2.9% | -51.3% |
| 1992 | 2.9% | -0.9% |
| 1993 | 3.3% | +13.1% |
| 1994 | 2.7% | -15.9% |
| 1995 | 2.8% | +1.6% |
| 1996 | 3.3% | +19.0% |
| 1997 | 2.9% | -13.0% |
| 1998 | 1.7% | -42.3% |
| 1999 | 2.5% | +51.0% |
| 2000 | 4.4% | +73.7% |
| 2001 | 3.3% | -24.3% |
| 2002 | 3.3% | +0.7% |
| 2003 | 3.4% | +2.0% |
| 2004 | 4.2% | +23.9% |
| 2005 | 5.5% | +31.1% |
| 2006 | 5.7% | +2.7% |
| 2007 | 5.0% | -11.9% |
| 2008 | 5.9% | +18.8% |
| 2009 | 3.1% | -47.8% |
| 2010 | 3.6% | +17.3% |
| 2011 | 4.5% | +24.1% |
| 2012 | 4.2% | -7.1% |
| 2013 | 3.5% | -16.1% |
| 2014 | 2.9% | -16.2% |
| 2015 | 1.3% | -55.6% |
| 2016 | 1.1% | -17.3% |
| 2017 | 1.5% | +34.7% |
| 2018 | 2.0% | +40.1% |
| 2019 | 1.6% | -20.1% |
| 2020 | 0.8% | -51.2% |
| 2021 | 1.5% | +92.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.8% | 0.8% | 10.3% | 10 |
| 1980s | 5.8% | 2.8% | 10.9% | 10 |
| 1990s | 3.1% | 1.7% | 6.0% | 10 |
| 2000s | 4.4% | 3.1% | 5.9% | 10 |
| 2010s | 2.6% | 1.1% | 4.5% | 10 |
| 2020s | 1.2% | 0.8% | 1.5% | 2 |
Countries ranked near Middle income
More energy & mining data for Middle income
- Fuel imports 18.2% (2024)
- Ores and metals imports 8.3% (2024)
- Ores and metals exports 4.2% (2024)
- Fuel exports 8.2% (2024)
- Electric power transmission and distribution losses 13.1% (2024)
- Mineral rents 1.2% (2021)
- Natural gas rents 0.5% (2021)
- Total natural resources rents 4.0% (2021)
- Alternative and nuclear energy 13.4% (2024)
- Electric power consumption 2,675 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Middle income?
- Oil rents in Middle income was 1.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Middle income?
- The highest recorded value was 10.9% in 1980.
- What is the lowest oil rents recorded in Middle income?
- The lowest recorded value was 0.8% in 2020.
- How does Middle income rank for oil rents?
- Middle income ranks 27th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Middle income?
- Over the last ten years it is down 65.9%. The long-run trend across the full record is volatile.
- Where does this 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.
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.