Total natural resources rents in Least developed countries
Least developed countries: Total natural resources rents was 8.5% in 2021. ▲ Rising
Total natural resources rents in Least developed countries, 1970–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, total natural resources rents in Least developed countries stood at 8.5%.
That represents a change of up 67.2% on the previous year and down 45.3% over ten years.
Over the whole period, total natural resources rents in Least developed countries peaked at 19.5% in 2008 and was at its lowest, 4.4%, in 1975.
That places Least developed countries 14th out of 45 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Total natural resources rents in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 6.3% | — |
| 1971 | 4.5% | -27.8% |
| 1972 | 4.8% | +6.5% |
| 1973 | 7.9% | +64.2% |
| 1974 | 7.2% | -8.8% |
| 1975 | 4.4% | -39.2% |
| 1976 | 5.1% | +15.2% |
| 1977 | 6.9% | +35.7% |
| 1978 | 5.5% | -19.6% |
| 1979 | 5.5% | +0.1% |
| 1980 | 7.9% | +43.1% |
| 1981 | 6.5% | -17.6% |
| 1982 | 7.6% | +16.8% |
| 1983 | 6.7% | -12.5% |
| 1984 | 6.2% | -6.8% |
| 1985 | 5.4% | -13.2% |
| 1986 | 6.1% | +12.6% |
| 1987 | 6.4% | +5.0% |
| 1988 | 6.9% | +7.4% |
| 1989 | 7.6% | +10.1% |
| 1990 | 9.3% | +22.6% |
| 1991 | 6.7% | -27.4% |
| 1992 | 9.2% | +36.6% |
| 1993 | 9.0% | -1.8% |
| 1994 | 13.6% | +50.8% |
| 1995 | 13.0% | -4.7% |
| 1996 | 11.2% | -13.7% |
| 1997 | 9.8% | -12.3% |
| 1998 | 8.7% | -11.3% |
| 1999 | 7.4% | -14.6% |
| 2000 | 9.6% | +29.1% |
| 2001 | 8.7% | -9.1% |
| 2002 | 9.5% | +9.3% |
| 2003 | 11.1% | +16.8% |
| 2004 | 11.5% | +3.3% |
| 2005 | 14.2% | +23.8% |
| 2006 | 15.3% | +7.3% |
| 2007 | 16.5% | +8.2% |
| 2008 | 19.5% | +18.4% |
| 2009 | 12.3% | -37.1% |
| 2010 | 13.9% | +13.0% |
| 2011 | 15.6% | +12.4% |
| 2012 | 13.3% | -14.9% |
| 2013 | 11.7% | -12.2% |
| 2014 | 10.0% | -14.2% |
| 2015 | 7.1% | -28.9% |
| 2016 | 6.9% | -2.4% |
| 2017 | 7.7% | +11.5% |
| 2018 | 7.3% | -6.2% |
| 2019 | 6.0% | -18.0% |
| 2020 | 5.1% | -14.3% |
| 2021 | 8.5% | +67.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 4.4% | 7.9% | 10 |
| 1980s | 6.7% | 5.4% | 7.9% | 10 |
| 1990s | 9.8% | 6.7% | 13.6% | 10 |
| 2000s | 12.8% | 8.7% | 19.5% | 10 |
| 2010s | 10.0% | 6.0% | 15.6% | 10 |
| 2020s | 6.8% | 5.1% | 8.5% | 2 |
Countries ranked near Least developed countries
- 11 Azerbaijan 29.9% compare
- 12 Kuwait 29.3% compare
- 13 Oman 29.2% compare
- 14 Papua New Guinea 27.4% compare
- 15 Qatar 27.3% compare
- 16 Eritrea 27.0% compare
- 17 Kazakhstan 26.8% compare
More energy & mining data for Least developed countries
- Fuel imports 17.9% (2019)
- Ores and metals imports 1.6% (2019)
- Ores and metals exports 15.1% (2023)
- Fuel exports 37.4% (2023)
- Electric power transmission and distribution losses 11.5% (2023)
- Mineral rents 3.1% (2021)
- Natural gas rents 0.6% (2021)
- Alternative and nuclear energy 4.1% (2023)
- Electric power consumption 287.82 kWh per capita (2023)
- Combustible renewables and waste 64.9% (2023)
Frequently asked questions
- What is total natural resources rents in Least developed countries?
- Total natural resources rents in Least developed countries was 8.5% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest total natural resources rents recorded in Least developed countries?
- The highest recorded value was 19.5% in 2008.
- What is the lowest total natural resources rents recorded in Least developed countries?
- The lowest recorded value was 4.4% in 1975.
- How does Least developed countries rank for total natural resources rents?
- Least developed countries ranks 14th out of 45 groups with data for 2021.
- Is total natural resources rents rising or falling in Least developed countries?
- Over the last ten years it is down 45.3%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.