Oil rents in Sub-Saharan Africa
Sub-Saharan Africa: Oil rents was 3.8% in 2021. ◆ Volatile
Oil rents in Sub-Saharan Africa, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Sub-Saharan Africa recorded 3.8% for oil rents in 2021.
Compared with earlier readings it is up 75.5% on the previous year and down 61.8% over ten years.
Over the whole period, oil rents in Sub-Saharan Africa peaked at 12.1% in 2008 and was at its lowest, 0.1%, in 1971.
That places Sub-Saharan Africa 10th out of 47 groups with data for 2021, putting it 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, 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% | -68.7% |
| 1982 | 0.9% | -59.5% |
| 1983 | 2.3% | +144.5% |
| 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 | 5.9% | +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% | +131.1% |
| 2001 | 5.1% | -26.5% |
| 2002 | 5.0% | -2.1% |
| 2003 | 4.4% | -12.1% |
| 2004 | 5.7% | +29.0% |
| 2005 | 8.6% | +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% |
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
- 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
- 13 Gabon 15.6% compare
More energy & mining data for Sub-Saharan Africa
- Fuel imports 23.6% (2024)
- Ores and metals imports 2.0% (2024)
- Ores and metals exports 16.1% (2024)
- Fuel exports 40.1% (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?
- Oil rents in Sub-Saharan Africa 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?
- The highest recorded value was 12.1% in 2008.
- What is the lowest oil rents recorded in Sub-Saharan Africa?
- The lowest recorded value was 0.1% in 1971.
- How does Sub-Saharan Africa rank for oil rents?
- Sub-Saharan Africa ranks 10th out of 47 groups with data for 2021.
- Is oil rents rising or falling in Sub-Saharan Africa?
- 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 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.