Natural gas rents (% of GDP) - Country Ranking

Definition: Natural gas rents are the difference between the value of natural gas production at world prices and total costs of production.

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 Timor-Leste 16.78 2017
2 Turkmenistan 12.39 2017
3 Brunei 9.01 2017
4 Uzbekistan 6.64 2017
5 Papua New Guinea 4.56 2017
6 Trinidad and Tobago 4.48 2017
7 Qatar 3.71 2017
8 Equatorial Guinea 3.61 2017
9 Mozambique 3.11 2017
10 Azerbaijan 2.95 2017
11 Russia 2.57 2017
12 Myanmar 2.20 2017
13 Algeria 2.18 2017
14 Norway 2.12 2017
15 Malaysia 2.04 2017
16 Iran 1.74 2017
17 Oman 1.63 2017
18 Bolivia 1.52 2017
19 Bahrain 1.50 2017
20 Kazakhstan 1.18 2017
21 Congo 1.17 2017
22 Libya 1.07 2017
23 Syrian Arab Republic 0.93 2007
24 Ukraine 0.89 2017
25 Nigeria 0.84 2017
26 Egypt 0.74 2017
27 Australia 0.68 2017
28 Thailand 0.58 2017
29 Saudi Arabia 0.57 2017
30 United Arab Emirates 0.56 2017
31 Indonesia 0.55 2017
32 Kuwait 0.53 2017
33 Côte d'Ivoire 0.45 2017
34 Pakistan 0.45 2017
35 Bangladesh 0.42 2017
36 Vietnam 0.35 2017
37 Netherlands 0.34 2017
38 Romania 0.29 2017
39 Venezuela 0.27 2014
40 New Zealand 0.22 2017
41 Tunisia 0.20 2017
42 Argentina 0.20 2017
43 Gabon 0.20 2017
44 Iraq 0.19 2017
45 Cameroon 0.19 2017
46 Peru 0.19 2017
47 Croatia 0.19 2017
48 Angola 0.19 2017
49 Tanzania 0.17 2017
50 Denmark 0.11 2017
51 United Kingdom 0.11 2017
52 Israel 0.10 2017
53 China 0.10 2017
54 Ghana 0.10 2017
55 Colombia 0.10 2017
56 Philippines 0.10 2017
57 Hungary 0.08 2017
58 Mexico 0.08 2017
59 Ireland 0.07 2017
60 Poland 0.06 2017
61 India 0.04 2017
62 Tajikistan 0.04 2017
63 Brazil 0.04 2017
64 Cuba 0.04 2017
65 Serbia 0.03 2017
66 Belarus 0.03 2017
67 South Africa 0.02 2017
68 Austria 0.02 2017
69 Albania 0.02 2017
70 Italy 0.02 2017
71 Ecuador 0.01 2017
72 Senegal 0.01 2017
73 Chile 0.01 2017
74 Germany 0.01 2017
75 Georgia 0.01 2017
76 Jordan 0.01 2017
77 Slovak Republic 0.01 2017
78 Czech Republic 0.01 2017
79 Bulgaria 0.01 2017
80 Japan 0.01 2017
81 Afghanistan 0.00 2017
82 Turkey 0.00 2017
83 Kyrgyz Republic 0.00 2017
84 Barbados 0.00 2017
85 Morocco 0.00 2017
86 Slovenia 0.00 2017
87 Korea 0.00 2017
88 Yemen 0.00 2017
89 Greece 0.00 2017
90 Spain 0.00 2017
91 Moldova 0.00 2016
92 France 0.00 2017
93 New Caledonia 0.00 2000
93 Paraguay 0.00 2017
93 Suriname 0.00 2017
93 Eritrea 0.00 2011
93 Estonia 0.00 2017
93 Guyana 0.00 2017
93 Haiti 0.00 2017
93 Jamaica 0.00 2017
93 Mauritius 0.00 2017
93 Malawi 0.00 2017
93 Namibia 0.00 2017
93 Nauru 0.00 2017
93 Finland 0.00 2017
93 Canada 0.00 2017
93 Cyprus 0.00 2017
93 Solomon Islands 0.00 2017
93 Somalia 0.00 2017
93 Togo 0.00 2017
93 Mauritania 0.00 2017
93 Belgium 0.00 2017
93 Belize 0.00 2017
93 Armenia 0.00 2017
93 Guinea 0.00 2017
93 Greenland 0.00 2016
93 Kiribati 0.00 2017
93 Macao SAR, China 0.00 2017
93 Mongolia 0.00 2017
93 Costa Rica 0.00 2017
93 Iceland 0.00 2017
93 St. Kitts and Nevis 0.00 2017
93 Latvia 0.00 2017
93 Montenegro 0.00 2017
93 Sweden 0.00 2017
93 Portugal 0.00 2017
93 Sierra Leone 0.00 2017
93 St. Vincent and the Grenadines 0.00 2017
93 Antigua and Barbuda 0.00 2017
93 Burkina Faso 0.00 2017
93 Bhutan 0.00 2017
93 Cabo Verde 0.00 2017
93 Dominica 0.00 2017
93 Dominican Republic 0.00 2017
93 Rwanda 0.00 2017
93 Singapore 0.00 2017
93 Eswatini 0.00 2017
93 Chad 0.00 2017
93 Lebanon 0.00 2017
93 Lithuania 0.00 2017
93 Niger 0.00 2017
93 Puerto Rico 0.00 2016
93 El Salvador 0.00 2017
93 Malta 0.00 2017
93 Nepal 0.00 2017
93 Uganda 0.00 2017
93 Comoros 0.00 2017
93 The Gambia 0.00 2017
93 Sri Lanka 0.00 2017
93 Ethiopia 0.00 2017
93 Cayman Islands 0.00 2006
93 Honduras 0.00 2017
93 Cambodia 0.00 2017
93 Luxembourg 0.00 2017
93 Uruguay 0.00 2017
93 United States 0.00 2017
93 Burundi 0.00 2017
93 Bosnia and Herzegovina 0.00 2017
93 Switzerland 0.00 2017
93 Dem. Rep. Congo 0.00 2017
93 Mali 0.00 2017
93 St. Lucia 0.00 2017
93 Fiji 0.00 2017
93 Lao PDR 0.00 2017
93 Samoa 0.00 2017
93 Zambia 0.00 2017
93 Madagascar 0.00 2017
93 North Macedonia 0.00 2017
93 Panama 0.00 2017
93 Sudan 0.00 2017
93 Tonga 0.00 2017
93 Central African Republic 0.00 2017
93 Djibouti 0.00 2017
93 Liberia 0.00 2017
93 Lesotho 0.00 2017
93 The Bahamas 0.00 2017
93 Benin 0.00 2017
93 Guatemala 0.00 2017
93 Hong Kong SAR, China 0.00 2017
93 Kenya 0.00 2017
93 Zimbabwe 0.00 2017
93 Guinea-Bissau 0.00 2017
93 Grenada 0.00 2017
93 São Tomé and Principe 0.00 2017
93 Seychelles 0.00 2017
93 Nicaragua 0.00 2017
93 Vanuatu 0.00 2017
93 Botswana 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