Eritrea: Mineral rents (% of GDP)
In , Eritrea's Mineral rents (% of GDP) was 24.63.
That's up 63,010.1% from 2010, the highest value on record.
The global average for this indicator in 2011 was 1.76 .
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS) • Data as of 2011
Trend (2002–2011)
- 2008 · Global financial crisis
Highlights
- Peak
- 24.63
- Trough
- 0.00
- 1-year change
- +63,010.1%
- 5-year change
- +182,267.8%
- +348.9% / yr
Historical Data — Last 10 Years
| Year | Mineral rents (% of GDP) |
|---|---|
| 24.6306 | |
| 0.0390 | |
| 0.0155 | |
| 0.0177 | |
| 0.0142 | |
| 0.0135 | |
| 0.0053 | |
| 0.0038 | |
| 0.0000 | |
| 0.0000 |
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 Eritrea's Mineral rents (% of GDP) in 2011?
- In 2011, Eritrea's Mineral rents (% of GDP) was 24.63, according to World Bank Open Data.
- Is Eritrea's Mineral rents (% of GDP) rising or falling?
- Eritrea's Mineral rents (% of GDP) rose 63,010.1% from 2010 to 2011.
- How does Eritrea's Mineral rents (% of GDP) compare to the world average?
- The global average for Mineral rents (% of GDP) in 2011 was 1.76, so Eritrea is above the world average.
- 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.
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.