Oil rents in OECD members
OECD members: Oil rents was 0.5% in 2021. ◆ Volatile
Oil rents in OECD members, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in OECD members is 0.5%, measured in 2021.
That represents a change of up 187.7% on the previous year and down 9.1% over ten years.
Over the whole period, oil rents in OECD members peaked at 1.7% in 1980 and was at its lowest, 0.1%, in 1998.
That places OECD members 37th out of 45 groups with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.2% | — |
| 1971 | 0.2% | +10.9% |
| 1972 | 0.2% | +5.8% |
| 1973 | 0.2% | -3.3% |
| 1974 | 0.8% | +344.1% |
| 1975 | 0.7% | -7.4% |
| 1976 | 0.8% | +3.5% |
| 1977 | 0.8% | +1.4% |
| 1978 | 0.7% | -8.9% |
| 1979 | 1.4% | +94.6% |
| 1980 | 1.7% | +21.0% |
| 1981 | 1.3% | -21.4% |
| 1982 | 0.9% | -33.4% |
| 1983 | 1.1% | +28.4% |
| 1984 | 1.1% | -6.3% |
| 1985 | 1.0% | -3.7% |
| 1986 | 0.4% | -65.2% |
| 1987 | 0.5% | +36.9% |
| 1988 | 0.3% | -37.1% |
| 1989 | 0.4% | +36.2% |
| 1990 | 0.5% | +24.0% |
| 1991 | 0.3% | -40.8% |
| 1992 | 0.3% | -3.3% |
| 1993 | 0.3% | -9.9% |
| 1994 | 0.2% | -10.9% |
| 1995 | 0.2% | +1.2% |
| 1996 | 0.3% | +31.5% |
| 1997 | 0.2% | -24.1% |
| 1998 | 0.1% | -58.3% |
| 1999 | 0.2% | +110.2% |
| 2000 | 0.4% | +98.1% |
| 2001 | 0.3% | -32.3% |
| 2002 | 0.3% | +2.2% |
| 2003 | 0.3% | +6.5% |
| 2004 | 0.4% | +21.6% |
| 2005 | 0.5% | +30.8% |
| 2006 | 0.5% | +4.9% |
| 2007 | 0.5% | -3.9% |
| 2008 | 0.7% | +32.1% |
| 2009 | 0.3% | -47.7% |
| 2010 | 0.4% | +17.7% |
| 2011 | 0.5% | +36.9% |
| 2012 | 0.4% | -19.4% |
| 2013 | 0.5% | +2.1% |
| 2014 | 0.4% | -9.4% |
| 2015 | 0.1% | -71.6% |
| 2016 | 0.1% | +14.0% |
| 2017 | 0.2% | +51.7% |
| 2018 | 0.3% | +66.5% |
| 2019 | 0.3% | -0.9% |
| 2020 | 0.2% | -47.7% |
| 2021 | 0.5% | +187.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.2% | 1.4% | 10 |
| 1980s | 0.9% | 0.3% | 1.7% | 10 |
| 1990s | 0.3% | 0.1% | 0.5% | 10 |
| 2000s | 0.4% | 0.3% | 0.7% | 10 |
| 2010s | 0.3% | 0.1% | 0.5% | 10 |
| 2020s | 0.3% | 0.2% | 0.5% | 2 |
Countries ranked near OECD members
More energy & mining data for OECD members
- Fuel imports 11.1% (2024)
- Ores and metals imports 3.4% (2024)
- Ores and metals exports 4.0% (2024)
- Fuel exports 9.5% (2024)
- Electric power transmission and distribution losses 5.7% (2024)
- Mineral rents 0.5% (2021)
- Natural gas rents 0.3% (2021)
- Total natural resources rents 1.4% (2021)
- Alternative and nuclear energy 16.6% (2024)
- Electric power consumption 7,670 kWh per capita (2024)
Frequently asked questions
- What is oil rents in OECD members?
- Oil rents in OECD members was 0.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in OECD members?
- The highest recorded value was 1.7% in 1980.
- What is the lowest oil rents recorded in OECD members?
- The lowest recorded value was 0.1% in 1998.
- How does OECD members rank for oil rents?
- OECD members ranks 37th out of 45 groups with data for 2021.
- Is oil rents rising or falling in OECD members?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.
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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.