Oil rents in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Oil rents was 0.4% in 2021. ◆ Volatile
Oil rents in United Kingdom of Great Britain and Northern Ireland, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in United Kingdom of Great Britain and Northern Ireland stood at 0.4%.
The figure is up 73.2% on the previous year and down 49.4% over ten years.
Over the whole period, oil rents in United Kingdom of Great Britain and Northern Ireland peaked at 2.8% in 1984 and was at its lowest, 0.0%, in 1970.
That places United Kingdom of Great Britain and Northern Ireland 58th out of 201 countries with data for 2021, putting it 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 United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +334.6% |
| 1972 | 0.0% | +80.7% |
| 1973 | 0.0% | +104.1% |
| 1974 | 0.0% | +594.5% |
| 1975 | 0.0% | +116.3% |
| 1976 | 0.2% | +621.1% |
| 1977 | 0.7% | +187.5% |
| 1978 | 0.8% | +11.0% |
| 1979 | 2.2% | +170.5% |
| 1980 | 2.2% | +1.0% |
| 1981 | 2.0% | -6.7% |
| 1982 | 1.5% | -24.5% |
| 1983 | 2.3% | +48.9% |
| 1984 | 2.8% | +21.0% |
| 1985 | 2.7% | -3.0% |
| 1986 | 0.8% | -68.3% |
| 1987 | 1.1% | +27.5% |
| 1988 | 0.6% | -42.0% |
| 1989 | 0.8% | +20.2% |
| 1990 | 0.9% | +17.1% |
| 1991 | 0.4% | -53.3% |
| 1992 | 0.5% | +9.3% |
| 1993 | 0.5% | +12.8% |
| 1994 | 0.5% | +2.6% |
| 1995 | 0.5% | -2.1% |
| 1996 | 0.7% | +35.8% |
| 1997 | 0.5% | -29.8% |
| 1998 | 0.1% | -70.0% |
| 1999 | 0.4% | +203.7% |
| 2000 | 0.9% | +103.2% |
| 2001 | 0.6% | -30.7% |
| 2002 | 0.6% | -4.2% |
| 2003 | 0.6% | -6.3% |
| 2004 | 0.6% | +2.8% |
| 2005 | 0.7% | +25.2% |
| 2006 | 0.7% | -1.7% |
| 2007 | 0.7% | -3.7% |
| 2008 | 1.0% | +46.1% |
| 2009 | 0.6% | -38.0% |
| 2010 | 0.6% | +3.5% |
| 2011 | 0.8% | +28.5% |
| 2012 | 0.7% | -20.1% |
| 2013 | 0.5% | -18.3% |
| 2014 | 0.5% | -15.9% |
| 2015 | 0.2% | -46.7% |
| 2016 | 0.2% | -14.4% |
| 2017 | 0.3% | +48.9% |
| 2018 | 0.5% | +61.8% |
| 2019 | 0.5% | -7.8% |
| 2020 | 0.2% | -47.4% |
| 2021 | 0.4% | +73.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.0% | 2.2% | 10 |
| 1980s | 1.7% | 0.6% | 2.8% | 10 |
| 1990s | 0.5% | 0.1% | 0.9% | 10 |
| 2000s | 0.7% | 0.6% | 1.0% | 10 |
| 2010s | 0.5% | 0.2% | 0.8% | 10 |
| 2020s | 0.3% | 0.2% | 0.4% | 2 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More energy & mining data for United Kingdom of Great Britain and Northern Ireland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.3 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 8.2% (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is oil rents in United Kingdom of Great Britain and Northern Ireland?
- Oil rents in United Kingdom of Great Britain and Northern Ireland was 0.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 2.8% in 1984.
- What is the lowest oil rents recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 0.0% in 1970.
- How does United Kingdom of Great Britain and Northern Ireland rank for oil rents?
- United Kingdom of Great Britain and Northern Ireland ranks 58th out of 201 countries with data for 2021.
- Is oil rents rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 49.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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 — 52 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.