What was Armenia's Total natural resources rents (% of GDP) in 2021?

In 2021, Armenia's Total natural resources rents (% of GDP) was 7.05, according to World Bank Open Data.

Is Armenia's Total natural resources rents (% of GDP) rising or falling?

Armenia's Total natural resources rents (% of GDP) rose 191.3% from 2020 to 2021.

How does Armenia rank globally on Total natural resources rents (% of GDP)?

In 2021, Armenia ranked #57 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Armenia's Total natural resources rents (% of GDP) compare to the world average?

The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Armenia is above the world average. Within Europe & Central Asia, it ranks #9 of 51.

Armenia: Total natural resources rents (% of GDP)

Name: Armenia: Total natural resources rents (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2021, Armenia's Total natural resources rents (% of GDP) was 7.05.

That's up 191.3% from 2020, the highest value on record.

The global average for this indicator in 2021 was 6.63 . Armenia ranks #57 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #9 of 51.

Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS) • Data as of 2021

Trend (2002–2021)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse

Highlights

Peak: 7.05; 2021
Trough: 0.01; 2007
1-year change: +191.3%
5-year change: +3,080.2%; +99.8% / yr
10-year change: +141.3%; +9.2% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	7.0543
2020	2.4219
2019	2.2010
2018	1.0987
2017	0.2458
2016	0.2218
2015	0.7600
2014	0.3069
2013	1.0972
2012	1.4901

About Total natural resources rents (% of GDP)

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

Indicator code: NY.GDP.TOTL.RT.ZS • Category: Economy

Frequently asked questions

What was Armenia's Total natural resources rents (% of GDP) in 2021?: In 2021, Armenia's Total natural resources rents (% of GDP) was 7.05, according to World Bank Open Data.
Is Armenia's Total natural resources rents (% of GDP) rising or falling?: Armenia's Total natural resources rents (% of GDP) rose 191.3% from 2020 to 2021.
How does Armenia rank globally on Total natural resources rents (% of GDP)?: In 2021, Armenia ranked #57 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Armenia's Total natural resources rents (% of GDP) compare to the world average?: The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Armenia is above the world average. Within Europe & Central Asia, it ranks #9 of 51.
What is Total natural resources rents (% of GDP) and how is it measured?: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS), CC BY 4.0.