Oil rents in Mongolia
Mongolia: Oil rents was 1.5% in 2021. ◆ Volatile
Oil rents in Mongolia, 1981–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Mongolia stood at 1.5%.
Compared with earlier readings it is up 163.7% on the previous year and down 22.1% over ten years.
Over the whole period, oil rents in Mongolia peaked at 3.6% in 2014 and was at its lowest, 0.0%, in 1981.
Mongolia ranks 44th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 0.0% | — |
| 1982 | 0.0% | — |
| 1983 | 0.0% | — |
| 1984 | 0.0% | — |
| 1985 | 0.0% | — |
| 1986 | 0.0% | — |
| 1987 | 0.0% | — |
| 1988 | 0.0% | — |
| 1989 | 0.0% | — |
| 1990 | 0.0% | — |
| 1991 | 0.0% | — |
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.0% | — |
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.1% | +287.3% |
| 2000 | 0.1% | +70.8% |
| 2001 | 0.1% | -28.7% |
| 2002 | 0.1% | +75.0% |
| 2003 | 0.2% | +32.1% |
| 2004 | 0.3% | +37.8% |
| 2005 | 0.3% | +12.5% |
| 2006 | 0.5% | +63.5% |
| 2007 | 0.9% | +84.0% |
| 2008 | 1.4% | +48.9% |
| 2009 | 1.3% | -1.5% |
| 2010 | 1.5% | +12.6% |
| 2011 | 1.9% | +26.6% |
| 2012 | 2.1% | +10.9% |
| 2013 | 2.7% | +28.1% |
| 2014 | 3.6% | +33.3% |
| 2015 | 1.7% | -52.8% |
| 2016 | 1.4% | -15.7% |
| 2017 | 1.7% | +20.9% |
| 2018 | 2.2% | +27.2% |
| 2019 | 1.4% | -35.1% |
| 2020 | 0.6% | -60.7% |
| 2021 | 1.5% | +163.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 9 |
| 1990s | 0.0% | 0.0% | 0.1% | 10 |
| 2000s | 0.5% | 0.1% | 1.4% | 10 |
| 2010s | 2.1% | 1.4% | 3.6% | 10 |
| 2020s | 1.0% | 0.6% | 1.5% | 2 |
Countries ranked near Mongolia
More energy & mining data for Mongolia
- Fuel imports 22.9% (2023)
- Ores and metals imports 0.3% (2023)
- Ores and metals exports 26.3% (2023)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Gas production, per capita 0 terawatt-hours per person (2024)
Frequently asked questions
- What is oil rents in Mongolia?
- Oil rents in Mongolia was 1.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Mongolia?
- The highest recorded value was 3.6% in 2014.
- What is the lowest oil rents recorded in Mongolia?
- The lowest recorded value was 0.0% in 1981.
- How does Mongolia rank for oil rents?
- Mongolia ranks 44th out of 200 countries with data for 2021.
- Is oil rents rising or falling in Mongolia?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia 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 — 41 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.