Oil rents in Small states
Small states: Oil rents was 1.9% in 2021. ◆ Volatile
Oil rents in Small states, 1976–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Small states is 1.9%, measured in 2021.
Compared with earlier readings it is up 182.0% on the previous year and down 51.8% over ten years.
Over the whole period, oil rents in Small states peaked at 24.5% in 1976 and was at its lowest, 0.7%, in 2020.
Small states ranks 20th of 45 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 Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 24.5% | — |
| 1977 | 21.4% | -12.5% |
| 1978 | 19.6% | -8.6% |
| 1980 | 23.5% | +20.2% |
| 1981 | 16.1% | -31.5% |
| 1982 | 8.8% | -45.5% |
| 1983 | 10.9% | +24.3% |
| 1984 | 11.7% | +7.1% |
| 1985 | 10.0% | -14.1% |
| 1986 | 4.8% | -52.1% |
| 1987 | 5.8% | +20.5% |
| 1988 | 3.8% | -35.2% |
| 1989 | 5.5% | +46.7% |
| 1990 | 6.8% | +22.6% |
| 1991 | 3.8% | -43.5% |
| 1992 | 3.8% | -1.7% |
| 1993 | 3.7% | -0.9% |
| 1994 | 3.2% | -14.3% |
| 1995 | 2.8% | -10.6% |
| 1996 | 3.3% | +14.4% |
| 1997 | 2.8% | -13.5% |
| 1998 | 1.3% | -55.0% |
| 1999 | 2.3% | +77.7% |
| 2000 | 3.5% | +57.1% |
| 2001 | 2.4% | -33.0% |
| 2002 | 2.5% | +3.7% |
| 2003 | 2.3% | -5.0% |
| 2004 | 2.7% | +16.7% |
| 2005 | 3.9% | +42.4% |
| 2006 | 4.6% | +17.9% |
| 2007 | 3.7% | -18.6% |
| 2008 | 4.1% | +11.0% |
| 2009 | 2.3% | -44.0% |
| 2010 | 2.9% | +25.7% |
| 2011 | 4.0% | +39.0% |
| 2012 | 3.5% | -13.2% |
| 2013 | 2.8% | -20.5% |
| 2014 | 2.4% | -15.5% |
| 2015 | 1.2% | -49.5% |
| 2016 | 0.8% | -30.3% |
| 2017 | 1.0% | +25.6% |
| 2018 | 1.4% | +33.5% |
| 2019 | 1.1% | -17.4% |
| 2020 | 0.7% | -39.8% |
| 2021 | 1.9% | +182.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.8% | 19.6% | 24.5% | 3 |
| 1980s | 10.1% | 3.8% | 23.5% | 10 |
| 1990s | 3.4% | 1.3% | 6.8% | 10 |
| 2000s | 3.2% | 2.3% | 4.6% | 10 |
| 2010s | 2.1% | 0.8% | 4.0% | 10 |
| 2020s | 1.3% | 0.7% | 1.9% | 2 |
Countries ranked near Small states
- 17 Algeria 14.5% compare
- 18 Venezuela, Bolivarian Republic of 11.3% compare
- 19 Bahrain 10.9% compare
- 20 South Sudan 10.4% compare
- 21 Brunei Darussalam 10.4% compare
- 22 Russian Federation 9.7% compare
- 23 Suriname 7.9% compare
More energy & mining data for Small states
- Fuel imports 18.1% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 5.1% (2024)
- Fuel exports 25.0% (2024)
- Electric power transmission and distribution losses 6.7% (2024)
- Mineral rents 0.3% (2021)
- Natural gas rents 1.8% (2021)
- Total natural resources rents 4.7% (2021)
- Alternative and nuclear energy 57.6% (2024)
- Combustible renewables and waste 8.1% (2023)
Frequently asked questions
- What is oil rents in Small states?
- Oil rents in Small states was 1.9% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Small states?
- The highest recorded value was 24.5% in 1976.
- What is the lowest oil rents recorded in Small states?
- The lowest recorded value was 0.7% in 2020.
- How does Small states rank for oil rents?
- Small states ranks 20th out of 45 groups with data for 2021.
- Is oil rents rising or falling in Small states?
- Over the last ten years it is down 51.8%. The long-run trend across the full record is volatile.
- Where does this 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 — 45 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.