Total natural resources rents (% of GDP) - Country Ranking

Definition: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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 Congo 42.67 2017
2 Mongolia 40.52 2017
3 Libya 38.47 2017
4 Iraq 37.98 2017
5 Kuwait 37.14 2017
6 Suriname 33.18 2017
7 Dem. Rep. Congo 32.70 2017
8 Timor-Leste 31.46 2017
9 Guyana 25.33 2017
10 Liberia 25.20 2017
11 Equatorial Guinea 24.25 2017
12 Mauritania 24.12 2017
13 Saudi Arabia 23.76 2017
14 Oman 23.49 2017
15 Solomon Islands 22.60 2017
16 Sierra Leone 22.15 2017
17 Chad 21.96 2017
18 Papua New Guinea 21.83 2017
19 Syrian Arab Republic 21.65 2007
20 Azerbaijan 21.02 2017
21 Guinea 20.18 2017
22 Burkina Faso 19.94 2017
23 Mozambique 19.47 2017
24 Eritrea 19.11 2011
25 Gabon 18.41 2017
26 Qatar 17.95 2017
27 Brunei 17.91 2017
28 Iran 17.78 2017
29 Turkmenistan 17.42 2017
30 Togo 16.44 2017
31 Angola 16.35 2017
32 Guinea-Bissau 16.33 2017
33 Burundi 16.21 2017
34 Kazakhstan 16.19 2017
35 Zambia 15.95 2017
36 Somalia 15.18 2017
37 Algeria 14.71 2017
38 Uzbekistan 14.70 2017
39 Uganda 13.86 2017
40 United Arab Emirates 13.69 2017
41 Central African Republic 13.58 2017
42 Niger 13.30 2017
43 Ghana 13.06 2017
44 Venezuela 11.82 2014
45 Chile 11.48 2017
46 Mali 11.40 2017
47 Russia 10.70 2017
48 Ethiopia 10.55 2017
49 Madagascar 10.28 2017
50 Lao PDR 10.19 2017
51 Malawi 9.60 2017
52 Peru 8.91 2017
53 Nigeria 8.67 2017
54 Kyrgyz Republic 8.45 2017
55 Trinidad and Tobago 7.70 2017
56 Australia 7.21 2017
57 Myanmar 7.14 2017
58 Zimbabwe 7.03 2017
59 Bolivia 6.93 2017
60 Tanzania 6.62 2017
61 Cameroon 6.58 2017
62 Malaysia 6.31 2017
63 Norway 5.92 2017
64 Rwanda 5.90 2017
65 Lesotho 5.89 2017
66 New Caledonia 5.86 2000
67 Armenia 5.82 2017
68 Benin 5.76 2017
69 The Gambia 5.75 2017
70 Tajikistan 5.69 2017
71 Ecuador 5.51 2017
72 Egypt 5.40 2017
73 South Africa 5.14 2017
74 Sudan 4.62 2017
75 Namibia 4.55 2017
76 Colombia 4.32 2017
77 Ukraine 4.00 2017
78 Bhutan 3.95 2017
79 Senegal 3.82 2017
80 Brazil 3.53 2017
81 Bahrain 3.52 2017
82 Indonesia 3.48 2017
83 Nicaragua 3.46 2017
84 Côte d'Ivoire 3.32 2017
85 São Tomé and Principe 2.93 2017
86 Mexico 2.88 2017
87 Vietnam 2.86 2017
88 Eswatini 2.81 2017
89 Dominican Republic 2.53 2017
90 Kenya 2.48 2017
91 Tunisia 2.41 2017
92 Comoros 2.38 2017
93 India 2.14 2017
94 Honduras 2.09 2017
95 Guatemala 2.03 2017
96 Yemen 1.95 2017
97 North Macedonia 1.91 2017
98 Cambodia 1.73 2017
99 Canada 1.73 2017
100 Albania 1.70 2017
101 Thailand 1.67 2017
102 Uruguay 1.65 2017
103 Fiji 1.64 2017
104 Morocco 1.63 2017
105 Paraguay 1.55 2017
106 China 1.50 2017
107 Bulgaria 1.43 2017
108 Belarus 1.38 2017
109 Montenegro 1.34 2017
110 Argentina 1.32 2017
111 Bosnia and Herzegovina 1.31 2017
112 Serbia 1.31 2017
113 Haiti 1.24 2017
114 Jamaica 1.21 2017
115 Philippines 1.21 2017
116 Costa Rica 1.18 2017
117 Nepal 1.13 2017
118 Georgia 1.08 2017
119 Pakistan 1.05 2017
120 Estonia 1.05 2017
121 New Zealand 1.04 2017
122 Botswana 1.04 2017
123 Belize 1.00 2017
124 Poland 0.96 2017
125 El Salvador 0.94 2017
126 Latvia 0.86 2017
127 Romania 0.85 2017
128 Vanuatu 0.79 2017
129 Cabo Verde 0.75 2017
130 Jordan 0.73 2017
131 Afghanistan 0.69 2017
132 Djibouti 0.67 2017
133 Croatia 0.67 2017
134 Bangladesh 0.66 2017
135 Finland 0.58 2017
136 Cuba 0.57 2017
137 Sweden 0.54 2017
138 Denmark 0.51 2017
139 United States 0.47 2017
140 Samoa 0.45 2017
141 United Kingdom 0.44 2017
142 Netherlands 0.36 2017
143 Turkey 0.36 2017
144 Portugal 0.35 2017
145 Lithuania 0.33 2017
146 Czech Republic 0.31 2017
147 Slovak Republic 0.29 2017
148 Hungary 0.29 2017
149 Moldova 0.28 2017
150 Slovenia 0.21 2017
151 Panama 0.19 2017
152 Israel 0.14 2017
153 Austria 0.14 2017
154 Ireland 0.14 2017
155 Sri Lanka 0.14 2017
156 Greece 0.13 2017
157 Seychelles 0.11 2017
158 Spain 0.10 2017
159 Kiribati 0.08 2017
160 Italy 0.07 2017
161 Barbados 0.07 2017
162 Germany 0.07 2017
163 Dominica 0.07 2017
164 Tonga 0.05 2017
165 France 0.04 2017
166 St. Vincent and the Grenadines 0.04 2017
167 Korea 0.03 2017
168 Japan 0.03 2017
169 St. Lucia 0.02 2017
170 Belgium 0.02 2017
171 Cyprus 0.02 2017
172 The Bahamas 0.02 2017
173 Luxembourg 0.01 2017
174 Switzerland 0.01 2017
175 Mauritius 0.00 2017
176 Liechtenstein 0.00 2016
177 Lebanon 0.00 2017
178 Hong Kong SAR, China 0.00 2017
179 Macao SAR, China 0.00 2017
180 Singapore 0.00 2017
181 Iceland 0.00 2017
182 St. Kitts and Nevis 0.00 2017
182 Tuvalu 0.00 2017
182 Nauru 0.00 2017
182 San Marino 0.00 2017
182 Antigua and Barbuda 0.00 2017
182 Palau 0.00 2017
182 Malta 0.00 2017
182 Cayman Islands 0.00 2006
182 Greenland 0.00 2016
182 Grenada 0.00 2017
182 Puerto Rico 0.00 2016
182 Andorra 0.00 2017
182 Monaco 0.00 2016

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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