What was Azerbaijan's Mineral rents (% of GDP) in 2021?

In 2021, Azerbaijan's Mineral rents (% of GDP) was 0.35, according to World Bank Open Data.

Is Azerbaijan's Mineral rents (% of GDP) rising or falling?

Azerbaijan's Mineral rents (% of GDP) rose 45.5% from 2020 to 2021.

How does Azerbaijan rank globally on Mineral rents (% of GDP)?

In 2021, Azerbaijan ranked #58 out of 197 countries reporting Mineral rents (% of GDP).

How does Azerbaijan's Mineral rents (% of GDP) compare to the world average?

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Azerbaijan is below the world average. Within Europe & Central Asia, it ranks #15 of 51.

Azerbaijan: Mineral rents (% of GDP)

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

In 2021, Azerbaijan's Mineral rents (% of GDP) was 0.35.

That's up 45.5% from 2020, the highest value on record.

The global average for this indicator in 2021 was 1.76 . Azerbaijan ranks #58 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #15 of 51.

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

Trend (2002–2021)

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

Highlights

Peak: 0.35; 2021
Trough: 0.00; 2003
1-year change: +45.5%
5-year change: +219.0%; +26.1% / yr
10-year change: +199.4%; +11.6% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	0.3495
2020	0.2401
2019	0.1741
2018	0.1528
2017	0.3095
2016	0.1096
2015	0.0732
2014	0.0506
2013	0.0580
2012	0.0878

About Mineral rents (% of GDP)

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.

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

Frequently asked questions

What was Azerbaijan's Mineral rents (% of GDP) in 2021?: In 2021, Azerbaijan's Mineral rents (% of GDP) was 0.35, according to World Bank Open Data.
Is Azerbaijan's Mineral rents (% of GDP) rising or falling?: Azerbaijan's Mineral rents (% of GDP) rose 45.5% from 2020 to 2021.
How does Azerbaijan rank globally on Mineral rents (% of GDP)?: In 2021, Azerbaijan ranked #58 out of 197 countries reporting Mineral rents (% of GDP).
How does Azerbaijan's Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Azerbaijan is below the world average. Within Europe & Central Asia, it ranks #15 of 51.
What is Mineral rents (% of GDP) and how is it measured?: 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.

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