Oil rents in Pre-demographic dividend
Pre-demographic dividend: Oil rents was 10.0% in 2021. ▲ Rising
Oil rents in Pre-demographic dividend, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Pre-demographic dividend recorded 10.0% for oil rents in 2021.
Compared with earlier readings it is up 73.1% on the previous year and down 49.6% over ten years.
Over the whole period, oil rents in Pre-demographic dividend peaked at 23.0% in 1980 and was at its lowest, 2.7%, in 1971.
Pre-demographic dividend ranks 5th of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 50 years of available data.
Oil rents in Pre-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 2.7% | — |
| 1972 | 2.9% | +9.5% |
| 1973 | 4.3% | +45.3% |
| 1974 | 21.2% | +398.6% |
| 1975 | 17.6% | -17.3% |
| 1976 | 17.3% | -1.5% |
| 1977 | 17.6% | +1.7% |
| 1978 | 15.4% | -12.6% |
| 1980 | 23.0% | +49.5% |
| 1981 | 6.3% | -72.4% |
| 1982 | 4.3% | -32.8% |
| 1983 | 6.8% | +59.1% |
| 1984 | 9.2% | +35.3% |
| 1985 | 10.7% | +16.4% |
| 1986 | 5.2% | -51.5% |
| 1987 | 8.7% | +67.2% |
| 1988 | 8.0% | -7.9% |
| 1989 | 13.4% | +68.4% |
| 1990 | 9.1% | -32.3% |
| 1991 | 5.4% | -41.1% |
| 1992 | 7.5% | +40.8% |
| 1993 | 11.2% | +48.8% |
| 1994 | 11.2% | -0.5% |
| 1995 | 10.8% | -3.0% |
| 1996 | 12.0% | +10.5% |
| 1997 | 11.3% | -6.0% |
| 1998 | 6.7% | -40.5% |
| 1999 | 10.2% | +52.9% |
| 2000 | 18.2% | +77.6% |
| 2001 | 14.0% | -23.1% |
| 2002 | 11.6% | -17.3% |
| 2003 | 10.2% | -11.6% |
| 2004 | 14.4% | +40.5% |
| 2005 | 18.9% | +31.3% |
| 2006 | 18.6% | -1.4% |
| 2007 | 18.1% | -2.7% |
| 2008 | 21.9% | +21.0% |
| 2009 | 12.4% | -43.2% |
| 2010 | 15.9% | +28.0% |
| 2011 | 19.9% | +25.2% |
| 2012 | 18.1% | -9.3% |
| 2013 | 15.2% | -16.1% |
| 2014 | 12.8% | -15.6% |
| 2015 | 7.3% | -43.2% |
| 2016 | 7.1% | -2.7% |
| 2017 | 10.0% | +42.0% |
| 2018 | 13.1% | +30.4% |
| 2019 | 10.6% | -18.9% |
| 2020 | 5.8% | -45.3% |
| 2021 | 10.0% | +73.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.4% | 2.7% | 21.2% | 8 |
| 1980s | 9.6% | 4.3% | 23.0% | 10 |
| 1990s | 9.5% | 5.4% | 12.0% | 10 |
| 2000s | 15.8% | 10.2% | 21.9% | 10 |
| 2010s | 13.0% | 7.1% | 19.9% | 10 |
| 2020s | 7.9% | 5.8% | 10.0% | 2 |
Countries ranked near Pre-demographic dividend
More energy & mining data for Pre-demographic dividend
- Fuel imports 17.2% (2019)
- Ores and metals imports 1.5% (2019)
- Ores and metals exports 9.9% (2023)
- Fuel exports 60.2% (2023)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 2.4% (2021)
- Natural gas rents 0.8% (2021)
- Total natural resources rents 15.4% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 248.13 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Pre-demographic dividend?
- Oil rents in Pre-demographic dividend was 10.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Pre-demographic dividend?
- The highest recorded value was 23.0% in 1980.
- What is the lowest oil rents recorded in Pre-demographic dividend?
- The lowest recorded value was 2.7% in 1971.
- How does Pre-demographic dividend rank for oil rents?
- Pre-demographic dividend ranks 5th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Pre-demographic dividend?
- Over the last ten years it is down 49.6%. The long-run trend across the full record is rising.
- Where does this Pre-demographic dividend 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.