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Total natural resource rents

What you should know about this indicator

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

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 price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs. 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).

Source
Multiple sources compiled by World Bank (2024) – processed by Our World in Data
Last updated
May 20, 2024
Next expected update
May 2025
Date range
1970–2021
Unit
% of GDP

Sources and processing

This data is based on the following sources

The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

Retrieved on
May 20, 2024
Retrieved from
https://datacatalog.worldbank.org/search/dataset/0037712/World-Development-Indicators
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
World Bank's World Development Indicators (WDI).

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Citations

How to cite this page

To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:

“Data Page: Total natural resource rents”. Our World in Data (2024). Data adapted from World Bank based on data from multiple sources. Retrieved from https://ourworldindata.org/grapher/natural-resource-rents [online resource]
How to cite this data

In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:

Multiple sources compiled by World Bank (2024) – processed by Our World in Data

Full citation

Multiple sources compiled by World Bank (2024) – processed by Our World in Data. “Total natural resource rents” [dataset]. World Bank based on data from multiple sources, “World Development Indicators” [original data]. Retrieved November 21, 2024 from https://ourworldindata.org/grapher/natural-resource-rents