Oil rents in World
World: Oil rents was 1.4% in 2021. ◆ Volatile
Oil rents in World, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in World is 1.4%, measured in 2021.
Compared with earlier readings it is up 91.9% on the previous year and down 51.2% over ten years.
Over the whole period, oil rents in World peaked at 4.7% in 1980 and was at its lowest, 0.4%, in 1970.
That places World 30th out of 45 groups 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 World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.4% | — |
| 1971 | 0.4% | +16.9% |
| 1972 | 0.5% | +17.6% |
| 1973 | 0.7% | +29.4% |
| 1974 | 2.8% | +329.6% |
| 1975 | 2.4% | -13.1% |
| 1976 | 2.7% | +10.0% |
| 1977 | 2.6% | -2.6% |
| 1978 | 2.3% | -12.4% |
| 1979 | 4.1% | +77.1% |
| 1980 | 4.7% | +14.8% |
| 1981 | 3.5% | -23.9% |
| 1982 | 2.3% | -34.7% |
| 1983 | 2.5% | +9.8% |
| 1984 | 2.5% | -2.4% |
| 1985 | 2.3% | -8.8% |
| 1986 | 0.9% | -58.8% |
| 1987 | 1.2% | +30.3% |
| 1988 | 1.0% | -16.9% |
| 1989 | 1.5% | +44.5% |
| 1990 | 1.9% | +27.3% |
| 1991 | 1.0% | -48.6% |
| 1992 | 0.9% | -0.6% |
| 1993 | 1.0% | +4.9% |
| 1994 | 0.9% | -11.1% |
| 1995 | 0.9% | +0.1% |
| 1996 | 1.1% | +26.9% |
| 1997 | 1.0% | -12.1% |
| 1998 | 0.5% | -45.7% |
| 1999 | 0.8% | +54.9% |
| 2000 | 1.6% | +87.0% |
| 2001 | 1.2% | -24.7% |
| 2002 | 1.2% | -1.5% |
| 2003 | 1.2% | +8.1% |
| 2004 | 1.6% | +26.4% |
| 2005 | 2.2% | +38.1% |
| 2006 | 2.4% | +9.4% |
| 2007 | 2.3% | -4.0% |
| 2008 | 3.0% | +30.2% |
| 2009 | 1.7% | -44.4% |
| 2010 | 2.0% | +23.7% |
| 2011 | 2.8% | +36.4% |
| 2012 | 2.7% | -4.6% |
| 2013 | 2.4% | -9.2% |
| 2014 | 2.1% | -12.2% |
| 2015 | 1.0% | -53.5% |
| 2016 | 0.8% | -15.8% |
| 2017 | 1.1% | +32.9% |
| 2018 | 1.6% | +41.8% |
| 2019 | 1.3% | -14.0% |
| 2020 | 0.7% | -47.2% |
| 2021 | 1.4% | +91.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 0.4% | 4.1% | 10 |
| 1980s | 2.2% | 0.9% | 4.7% | 10 |
| 1990s | 1.0% | 0.5% | 1.9% | 10 |
| 2000s | 1.8% | 1.2% | 3.0% | 10 |
| 2010s | 1.8% | 0.8% | 2.8% | 10 |
| 2020s | 1.0% | 0.7% | 1.4% | 2 |
Countries ranked near World
More energy & mining data for World
- Fuel imports 13.1% (2024)
- Ores and metals imports 4.7% (2024)
- Ores and metals exports 4.0% (2024)
- Fuel exports 10.7% (2024)
- Electric power transmission and distribution losses 6.5% (2024)
- Mineral rents 0.8% (2021)
- Natural gas rents 0.5% (2021)
- Total natural resources rents 3.1% (2021)
- Alternative and nuclear energy 16.5% (2024)
- Electric power consumption 3,558 kWh per capita (2023)
Frequently asked questions
- What is oil rents in World?
- Oil rents in World was 1.4% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in World?
- The highest recorded value was 4.7% in 1980.
- What is the lowest oil rents recorded in World?
- The lowest recorded value was 0.4% in 1970.
- How does World rank for oil rents?
- World ranks 30th out of 45 groups with data for 2021.
- Is oil rents rising or falling in World?
- Over the last ten years it is down 51.2%. The long-run trend across the full record is volatile.
- Where does this World 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.