Total natural resources rents in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Total natural resources rents was 11.8% in 2014. ▲ Rising
Total natural resources rents in Venezuela, Bolivarian Republic of, 1970–2014
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2014, total natural resources rents in Venezuela, Bolivarian Republic of stood at 11.8%.
The figure is down 32.8% on the previous year and down 50.3% over ten years.
Over the whole period, total natural resources rents in Venezuela, Bolivarian Republic of peaked at 36.5% in 1979 and was at its lowest, 5.5%, in 1970.
That places Venezuela, Bolivarian Republic of 43rd out of 214 countries with data for 2014, putting it in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Total natural resources rents in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 5.5% | — |
| 1971 | 7.4% | +34.6% |
| 1972 | 7.2% | -2.6% |
| 1973 | 10.8% | +49.5% |
| 1974 | 33.9% | +215.6% |
| 1975 | 24.9% | -26.7% |
| 1976 | 23.0% | -7.6% |
| 1977 | 16.2% | -29.6% |
| 1978 | 15.8% | -2.3% |
| 1979 | 36.5% | +130.5% |
| 1980 | 34.4% | -5.6% |
| 1981 | 24.8% | -28.1% |
| 1982 | 13.1% | -47.0% |
| 1983 | 17.1% | +30.4% |
| 1984 | 19.0% | +11.3% |
| 1985 | 16.3% | -14.3% |
| 1986 | 8.0% | -50.9% |
| 1987 | 15.9% | +98.9% |
| 1988 | 10.0% | -37.1% |
| 1989 | 21.0% | +109.4% |
| 1990 | 29.3% | +39.6% |
| 1991 | 16.7% | -43.0% |
| 1992 | 15.8% | -5.4% |
| 1993 | 15.8% | +0.2% |
| 1994 | 16.2% | +2.7% |
| 1995 | 15.1% | -6.7% |
| 1996 | 23.8% | +57.5% |
| 1997 | 18.1% | -24.1% |
| 1998 | 9.1% | -49.9% |
| 1999 | 13.3% | +46.4% |
| 2000 | 20.6% | +55.1% |
| 2001 | 15.3% | -25.4% |
| 2002 | 19.5% | +26.8% |
| 2003 | 21.9% | +12.5% |
| 2004 | 23.8% | +8.8% |
| 2005 | 29.2% | +22.6% |
| 2006 | 28.1% | -3.9% |
| 2007 | 23.1% | -17.7% |
| 2008 | 23.9% | +3.5% |
| 2009 | 10.5% | -55.9% |
| 2010 | 12.4% | +17.4% |
| 2011 | 24.5% | +97.7% |
| 2012 | 18.8% | -23.3% |
| 2013 | 17.6% | -6.2% |
| 2014 | 11.8% | -32.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1% | 5.5% | 36.5% | 10 |
| 1980s | 18.0% | 8.0% | 34.4% | 10 |
| 1990s | 17.3% | 9.1% | 29.3% | 10 |
| 2000s | 21.6% | 10.5% | 29.2% | 10 |
| 2010s | 17.0% | 11.8% | 24.5% | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
- 40 South Sudan 13.1% compare
- 41 Sudan 12.8% compare
- 42 Peru 12.7% compare
- 44 Kyrgyzstan 11.5% compare
- 45 Mauritania 11.4% compare
- 46 Somalia 11.2% compare
More energy & mining data for Venezuela, Bolivarian Republic of
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.48 % 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 0.8% (2013)
Frequently asked questions
- What is total natural resources rents in Venezuela, Bolivarian Republic of?
- Total natural resources rents in Venezuela, Bolivarian Republic of was 11.8% in 2014, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest total natural resources rents recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 36.5% in 1979.
- What is the lowest total natural resources rents recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 5.5% in 1970.
- How does Venezuela, Bolivarian Republic of rank for total natural resources rents?
- Venezuela, Bolivarian Republic of ranks 43rd out of 214 countries with data for 2014.
- Is total natural resources rents rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 50.3%. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of 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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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.