Oil rents in North America
North America: Oil rents was 0.8% in 2021. ◆ Volatile
Oil rents in North America, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in North America stood at 0.8%.
Compared with earlier readings it is up 230.1% on the previous year and up 56.2% over ten years.
Over the whole period, oil rents in North America peaked at 3.3% in 1980 and was at its lowest, 0.0%, in 2015.
That places North America 35th out of 47 groups with data for 2021, putting it 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 North America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.3% | — |
| 1971 | 0.3% | +18.7% |
| 1972 | 0.4% | +10.6% |
| 1973 | 0.4% | -1.0% |
| 1974 | 1.6% | +335.5% |
| 1975 | 1.5% | -6.6% |
| 1976 | 1.5% | -2.0% |
| 1977 | 1.5% | +2.0% |
| 1978 | 1.5% | -5.0% |
| 1979 | 2.7% | +82.4% |
| 1980 | 3.3% | +24.1% |
| 1981 | 2.2% | -33.0% |
| 1982 | 1.3% | -39.1% |
| 1983 | 1.6% | +20.0% |
| 1984 | 1.4% | -16.0% |
| 1985 | 1.3% | -4.6% |
| 1986 | 0.5% | -59.6% |
| 1987 | 0.8% | +43.1% |
| 1988 | 0.5% | -37.2% |
| 1989 | 0.6% | +25.5% |
| 1990 | 0.8% | +31.0% |
| 1991 | 0.5% | -32.2% |
| 1992 | 0.5% | -5.6% |
| 1993 | 0.4% | -19.4% |
| 1994 | 0.3% | -14.4% |
| 1995 | 0.3% | +2.3% |
| 1996 | 0.4% | +20.0% |
| 1997 | 0.2% | -41.3% |
| 1998 | 0.1% | -62.0% |
| 1999 | 0.2% | +117.7% |
| 2000 | 0.4% | +89.6% |
| 2001 | 0.2% | -44.5% |
| 2002 | 0.2% | +4.4% |
| 2003 | 0.3% | +24.3% |
| 2004 | 0.4% | +35.7% |
| 2005 | 0.5% | +24.4% |
| 2006 | 0.5% | +1.4% |
| 2007 | 0.5% | +2.9% |
| 2008 | 0.7% | +45.8% |
| 2009 | 0.4% | -50.6% |
| 2010 | 0.4% | +12.7% |
| 2011 | 0.5% | +26.6% |
| 2012 | 0.3% | -45.6% |
| 2013 | 0.4% | +45.9% |
| 2014 | 0.4% | -6.4% |
| 2015 | 0.0% | -97.4% |
| 2016 | 0.1% | +1152.3% |
| 2017 | 0.2% | +76.5% |
| 2018 | 0.4% | +92.6% |
| 2019 | 0.5% | +12.6% |
| 2020 | 0.2% | -48.5% |
| 2021 | 0.8% | +230.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | 0.3% | 2.7% | 10 |
| 1980s | 1.3% | 0.5% | 3.3% | 10 |
| 1990s | 0.4% | 0.1% | 0.8% | 10 |
| 2000s | 0.4% | 0.2% | 0.7% | 10 |
| 2010s | 0.3% | 0.0% | 0.5% | 10 |
| 2020s | 0.5% | 0.2% | 0.8% | 2 |
Countries ranked near North America
More energy & mining data for North America
- Fuel imports 7.3% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 3.8% (2024)
- Fuel exports 20.3% (2024)
- Electric power transmission and distribution losses 5.2% (2024)
- Mineral rents 0.2% (2021)
- Natural gas rents 0.4% (2021)
- Total natural resources rents 1.6% (2021)
- Alternative and nuclear energy 14.9% (2024)
- Electric power consumption 12,975 kWh per capita (2024)
Frequently asked questions
- What is oil rents in North America?
- Oil rents in North America was 0.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in North America?
- The highest recorded value was 3.3% in 1980.
- What is the lowest oil rents recorded in North America?
- The lowest recorded value was 0.0% in 2015.
- How does North America rank for oil rents?
- North America ranks 35th out of 47 groups with data for 2021.
- Is oil rents rising or falling in North America?
- Over the last ten years it is up 56.2%. The long-run trend across the full record is volatile.
- Where does this North America 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.