Mineral rents (% of GDP) - Country Ranking

Definition: Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Mongolia 28.77 2017
2 Suriname 26.22 2017
3 Mauritania 20.25 2017
4 Guyana 18.11 2017
5 Eritrea 17.27 2011
6 Dem. Rep. Congo 14.57 2017
7 Zambia 12.50 2017
8 Papua New Guinea 11.78 2017
9 Guinea 10.96 2017
10 Chile 10.88 2017
11 Sierra Leone 10.68 2017
12 Burkina Faso 10.58 2017
13 Togo 9.49 2017
14 Peru 8.33 2017
15 Kyrgyz Republic 8.18 2017
16 Mali 8.15 2017
17 Uzbekistan 7.14 2017
18 Lao PDR 6.59 2017
19 New Caledonia 5.85 2000
20 Armenia 5.59 2017
21 Australia 5.38 2017
22 Tajikistan 5.24 2017
23 Liberia 5.01 2017
24 Kazakhstan 3.92 2017
25 Ghana 3.91 2017
26 Namibia 3.83 2017
27 Bolivia 3.61 2017
28 Zimbabwe 3.50 2017
29 Tanzania 2.65 2017
30 Sudan 2.54 2017
31 Dominican Republic 2.47 2017
32 South Africa 2.38 2017
33 Ukraine 2.15 2017
34 Côte d'Ivoire 1.86 2017
35 North Macedonia 1.67 2017
36 Brazil 1.62 2017
37 Nicaragua 1.45 2017
38 Morocco 1.40 2017
39 Senegal 1.37 2017
40 Solomon Islands 1.35 2017
41 Myanmar 1.33 2017
42 Madagascar 1.30 2017
43 Bulgaria 1.05 2017
44 Fiji 1.02 2017
45 Russia 0.98 2017
46 Jamaica 0.98 2017
47 Mexico 0.88 2017
48 Montenegro 0.86 2017
49 Indonesia 0.83 2017
50 Georgia 0.83 2017
51 Philippines 0.72 2017
52 Jordan 0.69 2017
53 Guatemala 0.68 2017
54 Iran 0.68 2017
55 Canada 0.67 2017
56 Colombia 0.63 2017
57 Bosnia and Herzegovina 0.55 2017
58 Serbia 0.53 2017
59 India 0.51 2017
60 Honduras 0.47 2017
61 Burundi 0.47 2017
62 China 0.42 2017
63 Poland 0.42 2017
64 Ethiopia 0.37 2017
65 Tunisia 0.34 2017
66 Sweden 0.34 2017
67 Egypt 0.34 2017
68 Niger 0.32 2017
69 Botswana 0.31 2017
70 Argentina 0.31 2017
71 New Zealand 0.29 2017
72 Gabon 0.27 2017
73 Vietnam 0.26 2017
74 Rwanda 0.24 2017
75 Eswatini 0.23 2017
76 Finland 0.23 2017
77 Turkey 0.21 2017
78 Portugal 0.20 2017
79 Venezuela 0.19 2014
80 Azerbaijan 0.18 2017
81 Ecuador 0.18 2017
82 Cuba 0.17 2017
83 Cameroon 0.15 2017
84 Albania 0.15 2017
85 Panama 0.09 2017
86 Central African Republic 0.09 2017
87 Nigeria 0.08 2017
88 Saudi Arabia 0.08 2017
89 United States 0.08 2017
90 Bhutan 0.08 2017
91 Malaysia 0.08 2017
92 Spain 0.07 2017
93 Greece 0.06 2017
94 Mozambique 0.06 2017
95 Ireland 0.05 2017
96 Oman 0.05 2017
97 Uruguay 0.05 2017
98 Congo 0.05 2017
99 Algeria 0.05 2017
100 Thailand 0.04 2017
101 Israel 0.04 2017
102 Pakistan 0.03 2017
103 Romania 0.03 2017
104 Austria 0.02 2017
105 Korea 0.02 2017
106 Slovak Republic 0.02 2017
107 Cyprus 0.01 2017
108 Norway 0.01 2017
109 Afghanistan 0.01 2017
110 Uganda 0.01 2017
111 Kenya 0.01 2017
112 Chad 0.01 2017
113 Japan 0.00 2017
114 Malawi 0.00 2017
115 Sri Lanka 0.00 2017
116 Costa Rica 0.00 2017
117 Croatia 0.00 2017
118 Hungary 0.00 2017
119 Iraq 0.00 2017
120 France 0.00 2017
121 United Kingdom 0.00 2017
122 Guinea-Bissau 0.00 2017
122 Grenada 0.00 2017
122 Mauritius 0.00 2017
122 Vanuatu 0.00 2017
122 United Arab Emirates 0.00 2017
122 Bangladesh 0.00 2017
122 Benin 0.00 2017
122 Hong Kong SAR, China 0.00 2017
122 Denmark 0.00 2017
122 Malta 0.00 2017
122 Nepal 0.00 2017
122 Trinidad and Tobago 0.00 2017
122 São Tomé and Principe 0.00 2017
122 Seychelles 0.00 2017
122 Syrian Arab Republic 0.00 2007
122 Belarus 0.00 2017
122 Moldova 0.00 2017
122 Singapore 0.00 2017
122 Yemen 0.00 2017
122 Switzerland 0.00 2017
122 Paraguay 0.00 2017
122 Italy 0.00 2017
122 Monaco 0.00 2016
122 Samoa 0.00 2017
122 St. Lucia 0.00 2017
122 Slovenia 0.00 2017
122 Andorra 0.00 2017
122 Qatar 0.00 2017
122 Palau 0.00 2017
122 Comoros 0.00 2017
122 The Gambia 0.00 2017
122 San Marino 0.00 2017
122 Equatorial Guinea 0.00 2017
122 Czech Republic 0.00 2017
122 Liechtenstein 0.00 2016
122 Cayman Islands 0.00 2006
122 Cambodia 0.00 2017
122 Luxembourg 0.00 2017
122 El Salvador 0.00 2017
122 Lebanon 0.00 2017
122 Lithuania 0.00 2017
122 Puerto Rico 0.00 2016
122 Bahrain 0.00 2017
122 Germany 0.00 2017
122 Netherlands 0.00 2017
122 Haiti 0.00 2017
122 St. Vincent and the Grenadines 0.00 2017
122 Estonia 0.00 2017
122 Tonga 0.00 2017
122 Belgium 0.00 2017
122 Belize 0.00 2017
122 Brunei 0.00 2017
122 Greenland 0.00 2016
122 Kiribati 0.00 2017
122 Libya 0.00 2017
122 Macao SAR, China 0.00 2017
122 Lesotho 0.00 2017
122 Djibouti 0.00 2017
122 The Bahamas 0.00 2017
122 Barbados 0.00 2017
122 Kuwait 0.00 2017
122 Nauru 0.00 2017
122 Somalia 0.00 2017
122 Timor-Leste 0.00 2017
122 Tuvalu 0.00 2017
122 Turkmenistan 0.00 2017
122 Angola 0.00 2017
122 Antigua and Barbuda 0.00 2017
122 Iceland 0.00 2017
122 St. Kitts and Nevis 0.00 2017
122 Latvia 0.00 2017
122 Cabo Verde 0.00 2017
122 Dominica 0.00 2017

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Development Relevance: Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future.

Limitations and Exceptions: This definition of economic rent differs from that used in the System of National Accounts, where rents are a form of property income, consisting of payments to landowners by a tenant for the use of the land or payments to the owners of subsoil assets by institutional units permitting them to extract subsoil deposits.

Statistical Concept and Methodology: The estimates of natural resources rents are calculated as the difference between the price of a commodity and the average cost of producing it. This is done by estimating the world price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs (including a normal return on capital). These unit rents are then multiplied by the physical quantities countries extract or harvest to determine the rents for each commodity as a share of gross domestic product (GDP).

Aggregation method: Weighted average

Periodicity: Annual