Oil rents in Other small states
Other small states: Oil rents was 1.2% in 2021. ◆ Volatile
Oil rents in Other small states, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Other small states recorded 1.2% for oil rents in 2021.
Compared with earlier readings it is up 170.8% on the previous year and down 68.6% over ten years.
Over the whole period, oil rents in Other small states peaked at 30.8% in 1974 and was at its lowest, 0.4%, in 2020.
Other small states ranks 32nd 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 Other small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.5% | — |
| 1972 | 1.7% | +278.9% |
| 1973 | 5.1% | +191.0% |
| 1974 | 30.8% | +509.2% |
| 1975 | 26.9% | -12.8% |
| 1976 | 25.6% | -4.8% |
| 1977 | 23.8% | -7.1% |
| 1978 | 21.2% | -10.7% |
| 1980 | 28.5% | +34.2% |
| 1981 | 18.1% | -36.6% |
| 1982 | 11.6% | -36.0% |
| 1983 | 14.7% | +27.1% |
| 1984 | 16.2% | +10.3% |
| 1985 | 13.0% | -19.7% |
| 1986 | 6.2% | -52.6% |
| 1987 | 6.5% | +5.9% |
| 1988 | 4.0% | -39.4% |
| 1989 | 5.7% | +45.1% |
| 1990 | 6.9% | +20.6% |
| 1991 | 4.0% | -42.4% |
| 1992 | 4.0% | -0.4% |
| 1993 | 4.0% | +0.8% |
| 1994 | 3.4% | -16.3% |
| 1995 | 2.7% | -20.8% |
| 1996 | 3.0% | +13.6% |
| 1997 | 2.8% | -7.1% |
| 1998 | 1.2% | -58.4% |
| 1999 | 2.2% | +84.8% |
| 2000 | 3.6% | +67.7% |
| 2001 | 2.4% | -33.7% |
| 2002 | 2.2% | -8.9% |
| 2003 | 2.0% | -6.7% |
| 2004 | 2.5% | +20.7% |
| 2005 | 3.4% | +39.1% |
| 2006 | 4.3% | +25.9% |
| 2007 | 3.5% | -18.8% |
| 2008 | 3.7% | +7.0% |
| 2009 | 2.1% | -44.7% |
| 2010 | 2.7% | +29.4% |
| 2011 | 3.7% | +39.7% |
| 2012 | 3.4% | -10.5% |
| 2013 | 2.5% | -24.4% |
| 2014 | 2.1% | -16.7% |
| 2015 | 1.3% | -40.0% |
| 2016 | 0.8% | -33.8% |
| 2017 | 1.0% | +17.5% |
| 2018 | 1.3% | +31.8% |
| 2019 | 1.1% | -13.6% |
| 2020 | 0.4% | -61.3% |
| 2021 | 1.2% | +170.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.9% | 0.5% | 30.8% | 8 |
| 1980s | 12.5% | 4.0% | 28.5% | 10 |
| 1990s | 3.4% | 1.2% | 6.9% | 10 |
| 2000s | 3.0% | 2.0% | 4.3% | 10 |
| 2010s | 2.0% | 0.8% | 3.7% | 10 |
| 2020s | 0.8% | 0.4% | 1.2% | 2 |
Countries ranked near Other small states
More energy & mining data for Other small states
- Fuel imports 19.0% (2024)
- Ores and metals imports 2.0% (2024)
- Ores and metals exports 6.6% (2024)
- Fuel exports 23.4% (2024)
- Electric power transmission and distribution losses 6.7% (2024)
- Mineral rents 0.0% (2021)
- Natural gas rents 1.8% (2021)
- Total natural resources rents 3.5% (2021)
- Alternative and nuclear energy 57.6% (2024)
- Combustible renewables and waste 16.7% (2023)
Frequently asked questions
- What is oil rents in Other small states?
- Oil rents in Other small states was 1.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Other small states?
- The highest recorded value was 30.8% in 1974.
- What is the lowest oil rents recorded in Other small states?
- The lowest recorded value was 0.4% in 2020.
- How does Other small states rank for oil rents?
- Other small states ranks 32nd out of 47 groups with data for 2021.
- Is oil rents rising or falling in Other small states?
- Over the last ten years it is down 68.6%. The long-run trend across the full record is volatile.
- Where does this Other small states 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 — 50 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.