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

In 2021, Georgia's Mineral rents (% of GDP) was 1.28, according to World Bank Open Data.

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

Georgia's Mineral rents (% of GDP) rose 55.5% from 2020 to 2021.

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

In 2021, Georgia ranked #42 out of 197 countries reporting Mineral rents (% of GDP).

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

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Georgia is below the world average. Within Europe & Central Asia, it ranks #8 of 51.

Georgia: Mineral rents (% of GDP)

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

In 2021, Georgia's Mineral rents (% of GDP) was 1.28.

That's up 55.5% from 2020, the highest value since 2011.

The global average for this indicator in 2021 was 1.76 . Georgia ranks #42 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #8 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: 1.59; 2011
Trough: 0.24; 2002
1-year change: +55.5%
5-year change: +168.0%; +21.8% / yr
10-year change: -19.4%; -2.1% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	1.2778
2020	0.8219
2019	0.4918
2018	0.3338
2017	0.3527
2016	0.4768
2015	0.4022
2014	0.3454
2013	0.5945
2012	0.8751

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 Georgia's Mineral rents (% of GDP) in 2021?: In 2021, Georgia's Mineral rents (% of GDP) was 1.28, according to World Bank Open Data.
Is Georgia's Mineral rents (% of GDP) rising or falling?: Georgia's Mineral rents (% of GDP) rose 55.5% from 2020 to 2021.
How does Georgia rank globally on Mineral rents (% of GDP)?: In 2021, Georgia ranked #42 out of 197 countries reporting Mineral rents (% of GDP).
How does Georgia's Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Georgia is below the world average. Within Europe & Central Asia, it ranks #8 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.