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

In 2021, Barbados's Total natural resources rents (% of GDP) was 0.33, according to World Bank Open Data.

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

Barbados's Total natural resources rents (% of GDP) rose 137.4% from 2020 to 2021.

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

In 2021, Barbados ranked #137 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Barbados'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 Barbados is below the world average. Within Latin America & Caribbean, it ranks #23 of 36.

Barbados: Total natural resources rents (% of GDP)

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

In 2021, Barbados's Total natural resources rents (% of GDP) was 0.33.

That's up 137.4% from 2020, the highest value since 2013.

The global average for this indicator in 2021 was 6.63 . Barbados ranks #137 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #23 of 36.

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: 0.48; 2011
Trough: 0.10; 2016
1-year change: +137.4%
5-year change: +239.7%; +27.7% / yr
10-year change: -31.3%; -3.7% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	0.3284
2020	0.1383
2019	0.2305
2018	0.2141
2017	0.1323
2016	0.0967
2015	0.1292
2014	0.3278
2013	0.3838
2012	0.4550

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 Barbados's Total natural resources rents (% of GDP) in 2021?: In 2021, Barbados's Total natural resources rents (% of GDP) was 0.33, according to World Bank Open Data.
Is Barbados's Total natural resources rents (% of GDP) rising or falling?: Barbados's Total natural resources rents (% of GDP) rose 137.4% from 2020 to 2021.
How does Barbados rank globally on Total natural resources rents (% of GDP)?: In 2021, Barbados ranked #137 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Barbados'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 Barbados is below the world average. Within Latin America & Caribbean, it ranks #23 of 36.
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.