Oil rents in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Oil rents was 3.8% in 2021. ◆ Volatile
Oil rents in Sub-Saharan Africa (excluding high income), 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Sub-Saharan Africa (excluding high income) is 3.8%, measured in 2021.
That represents a change of up 75.5% on the previous year and down 61.8% over ten years.
Over the whole period, oil rents in Sub-Saharan Africa (excluding high income) peaked at 12.1% in 2008 and was at its lowest, 0.1%, in 1971.
Sub-Saharan Africa (excluding high income) ranks 9th of 47 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Sub-Saharan Africa (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.1% | — |
| 1972 | 0.4% | +260.5% |
| 1973 | 0.6% | +55.6% |
| 1974 | 7.1% | +1137.7% |
| 1975 | 5.1% | -28.4% |
| 1976 | 5.4% | +6.3% |
| 1977 | 6.1% | +12.8% |
| 1978 | 4.5% | -25.8% |
| 1979 | 12.0% | +164.8% |
| 1980 | 7.5% | -37.8% |
| 1981 | 2.3% | -68.8% |
| 1982 | 0.9% | -59.5% |
| 1983 | 2.3% | +144.6% |
| 1984 | 3.5% | +49.5% |
| 1985 | 4.4% | +28.5% |
| 1986 | 1.5% | -66.9% |
| 1987 | 2.7% | +86.0% |
| 1988 | 2.2% | -20.0% |
| 1989 | 4.5% | +105.8% |
| 1990 | 5.3% | +17.6% |
| 1991 | 3.2% | -39.1% |
| 1992 | 4.0% | +24.8% |
| 1993 | 6.0% | +47.6% |
| 1994 | 5.3% | -11.4% |
| 1995 | 6.0% | +14.4% |
| 1996 | 7.2% | +19.6% |
| 1997 | 6.5% | -9.5% |
| 1998 | 3.4% | -47.8% |
| 1999 | 3.0% | -11.9% |
| 2000 | 6.9% | +131.0% |
| 2001 | 5.1% | -26.5% |
| 2002 | 5.0% | -2.1% |
| 2003 | 4.4% | -12.1% |
| 2004 | 5.7% | +29.0% |
| 2005 | 8.7% | +52.7% |
| 2006 | 8.9% | +3.0% |
| 2007 | 9.2% | +3.3% |
| 2008 | 12.1% | +31.7% |
| 2009 | 6.0% | -50.3% |
| 2010 | 8.0% | +33.1% |
| 2011 | 10.0% | +24.4% |
| 2012 | 8.6% | -14.1% |
| 2013 | 7.0% | -17.9% |
| 2014 | 5.3% | -23.9% |
| 2015 | 2.2% | -59.6% |
| 2016 | 2.0% | -8.6% |
| 2017 | 3.3% | +67.0% |
| 2018 | 4.6% | +38.8% |
| 2019 | 4.2% | -8.5% |
| 2020 | 2.2% | -48.2% |
| 2021 | 3.8% | +75.5% |
Biggest year-on-year movements
Years where Oil rents in Sub-Saharan Africa (excluding high income) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +1137.7% | 0.6% | 7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.6% | 0.1% | 12.0% | 9 |
| 1980s | 3.2% | 0.9% | 7.5% | 10 |
| 1990s | 5.0% | 3.0% | 7.2% | 10 |
| 2000s | 7.2% | 4.4% | 12.1% | 10 |
| 2010s | 5.5% | 2.0% | 10.0% | 10 |
| 2020s | 3.0% | 2.2% | 3.8% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
- 6 Saudi Arabia 23.7% compare
- 7 Oman 23.5% compare
- 8 Guyana 22.1% compare
- 9 Azerbaijan 21.0% compare
- 10 Iran, Islamic Republic of 18.3% compare
- 11 Chad 16.8% compare
- 12 United Arab Emirates 15.7% compare
More energy & mining data for Sub-Saharan Africa (excluding high income)
- Fuel imports 23.6% (2024)
- Ores and metals imports 2.0% (2024)
- Ores and metals exports 16.1% (2024)
- Fuel exports 40.2% (2024)
- Electric power transmission and distribution losses 25.8% (2024)
- Mineral rents 2.9% (2021)
- Natural gas rents 0.5% (2021)
- Total natural resources rents 10.0% (2021)
- Alternative and nuclear energy 17.4% (2024)
- Electric power consumption 376.79 kWh per capita (2023)
Frequently asked questions
- What is oil rents in Sub-Saharan Africa (excluding high income)?
- Oil rents in Sub-Saharan Africa (excluding high income) was 3.8% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 12.1% in 2008.
- What is the lowest oil rents recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 0.1% in 1971.
- How does Sub-Saharan Africa (excluding high income) rank for oil rents?
- Sub-Saharan Africa (excluding high income) ranks 9th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is down 61.8%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa (excluding high income) 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 — 51 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.