Total natural resources rents in Latin America & Caribbean
Latin America & Caribbean: Total natural resources rents was 6.1% in 2021. ▼ Falling
Total natural resources rents in Latin America & Caribbean, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Latin America & Caribbean recorded 6.1% for total natural resources rents in 2021.
The figure is up 151.6% on the previous year and down 9.4% over ten years.
Over the whole period, total natural resources rents in Latin America & Caribbean peaked at 8.6% in 1980 and was at its lowest, 1.6%, in 1998.
Latin America & Caribbean ranks 22nd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Total natural resources rents in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 2.1% | — |
| 1971 | 1.9% | -8.3% |
| 1972 | 1.9% | -2.2% |
| 1973 | 2.5% | +32.6% |
| 1974 | 5.5% | +124.6% |
| 1975 | 4.6% | -16.7% |
| 1976 | 4.6% | +0.4% |
| 1977 | 4.0% | -14.8% |
| 1978 | 3.8% | -3.6% |
| 1979 | 8.0% | +110.2% |
| 1980 | 8.6% | +7.7% |
| 1981 | 6.6% | -23.6% |
| 1982 | 5.2% | -21.6% |
| 1983 | 7.0% | +36.3% |
| 1984 | 6.8% | -3.7% |
| 1985 | 6.4% | -6.1% |
| 1986 | 3.3% | -47.5% |
| 1987 | 4.6% | +39.1% |
| 1988 | 4.1% | -11.5% |
| 1989 | 5.1% | +24.8% |
| 1990 | 5.8% | +12.3% |
| 1991 | 3.4% | -41.5% |
| 1992 | 3.2% | -4.6% |
| 1993 | 2.6% | -18.8% |
| 1994 | 2.3% | -10.9% |
| 1995 | 2.7% | +16.6% |
| 1996 | 3.0% | +11.4% |
| 1997 | 2.6% | -14.4% |
| 1998 | 1.6% | -38.7% |
| 1999 | 2.6% | +61.7% |
| 2000 | 3.8% | +49.8% |
| 2001 | 3.1% | -20.0% |
| 2002 | 3.6% | +16.3% |
| 2003 | 3.9% | +9.0% |
| 2004 | 4.8% | +23.4% |
| 2005 | 6.1% | +27.5% |
| 2006 | 7.1% | +15.0% |
| 2007 | 6.7% | -4.9% |
| 2008 | 7.3% | +8.5% |
| 2009 | 4.0% | -44.5% |
| 2010 | 5.2% | +28.6% |
| 2011 | 6.8% | +30.4% |
| 2012 | 6.0% | -11.4% |
| 2013 | 5.2% | -13.0% |
| 2014 | 4.3% | -17.0% |
| 2015 | 2.3% | -47.3% |
| 2016 | 2.2% | -4.7% |
| 2017 | 2.6% | +20.3% |
| 2018 | 3.3% | +27.8% |
| 2019 | 2.6% | -21.8% |
| 2020 | 2.4% | -6.8% |
| 2021 | 6.1% | +151.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 1.9% | 8.0% | 10 |
| 1980s | 5.8% | 3.3% | 8.6% | 10 |
| 1990s | 3.0% | 1.6% | 5.8% | 10 |
| 2000s | 5.0% | 3.1% | 7.3% | 10 |
| 2010s | 4.1% | 2.2% | 6.8% | 10 |
| 2020s | 4.3% | 2.4% | 6.1% | 2 |
Countries ranked near Latin America & Caribbean
- 19 Brunei Darussalam 24.3% compare
- 20 Equatorial Guinea 23.5% compare
- 21 Algeria 22.6% compare
- 22 Liberia 21.9% compare
- 23 Chad 21.3% compare
- 24 Uzbekistan 20.5% compare
- 25 Burkina Faso 20.1% compare
More energy & mining data for Latin America & Caribbean
- Fuel imports 10.9% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 10.4% (2024)
- Fuel exports 9.8% (2024)
- Electric power transmission and distribution losses 13.6% (2024)
- Mineral rents 3.6% (2021)
- Natural gas rents 0.1% (2021)
- Alternative and nuclear energy 12.8% (2024)
- Electric power consumption 2,804 kWh per capita (2024)
- Combustible renewables and waste 28.3% (2024)
Frequently asked questions
- What is total natural resources rents in Latin America & Caribbean?
- Total natural resources rents in Latin America & Caribbean was 6.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest total natural resources rents recorded in Latin America & Caribbean?
- The highest recorded value was 8.6% in 1980.
- What is the lowest total natural resources rents recorded in Latin America & Caribbean?
- The lowest recorded value was 1.6% in 1998.
- How does Latin America & Caribbean rank for total natural resources rents?
- Latin America & Caribbean ranks 22nd out of 47 groups with data for 2021.
- Is total natural resources rents rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Total natural resources rents (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.