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

Azerbaijan's Total natural resources rents (% of GDP) rose 130.2% from 2020 to 2021.

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

In 2021, Azerbaijan ranked #11 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Azerbaijan'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 Azerbaijan is above the world average. Within Europe & Central Asia, it ranks #1 of 51.

Azerbaijan: Total natural resources rents (% of GDP)

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

In 2021, Azerbaijan's Total natural resources rents (% of GDP) was 29.94.

That's up 130.2% from 2020, the highest value since 2011.

The global average for this indicator in 2021 was 6.63 . Azerbaijan ranks #11 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #1 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: 43.04; 2008
Trough: 13.00; 2020
1-year change: +130.2%
5-year change: +102.5%; +15.2% / yr
10-year change: -8.9%; -0.9% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	29.9384
2020	13.0027
2019	23.4349
2018	27.6209
2017	19.6747
2016	14.7854
2015	14.4440
2014	22.5181
2013	25.5324
2012	29.0120

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 Azerbaijan's Total natural resources rents (% of GDP) in 2021?: In 2021, Azerbaijan's Total natural resources rents (% of GDP) was 29.94, according to World Bank Open Data.
Is Azerbaijan's Total natural resources rents (% of GDP) rising or falling?: Azerbaijan's Total natural resources rents (% of GDP) rose 130.2% from 2020 to 2021.
How does Azerbaijan rank globally on Total natural resources rents (% of GDP)?: In 2021, Azerbaijan ranked #11 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Azerbaijan'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 Azerbaijan is above the world average. Within Europe & Central Asia, it ranks #1 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.