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

Guinea-Bissau's Total natural resources rents (% of GDP) fell 6.5% from 2020 to 2021.

How does Guinea-Bissau rank globally on Total natural resources rents (% of GDP)?

In 2021, Guinea-Bissau ranked #42 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Guinea-Bissau'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 Guinea-Bissau is above the world average. Within Sub-Saharan Africa, it ranks #18 of 46.

Guinea-Bissau: Total natural resources rents (% of GDP)

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

In 2021, Guinea-Bissau's Total natural resources rents (% of GDP) was 10.43.

That's down 6.5% from 2020, the highest value since 2020.

The global average for this indicator in 2021 was 6.63 . Guinea-Bissau ranks #42 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #18 of 46.

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: 19.87; 2015
Trough: 9.89; 2018
1-year change: -6.5%
5-year change: -44.2%; -11.0% / yr
10-year change: -21.3%; -2.4% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	10.4285
2020	11.1516
2019	9.9474
2018	9.8889
2017	15.9857
2016	18.7015
2015	19.8714
2014	18.6988
2013	16.9399
2012	17.1199

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 Guinea-Bissau's Total natural resources rents (% of GDP) in 2021?: In 2021, Guinea-Bissau's Total natural resources rents (% of GDP) was 10.43, according to World Bank Open Data.
Is Guinea-Bissau's Total natural resources rents (% of GDP) rising or falling?: Guinea-Bissau's Total natural resources rents (% of GDP) fell 6.5% from 2020 to 2021.
How does Guinea-Bissau rank globally on Total natural resources rents (% of GDP)?: In 2021, Guinea-Bissau ranked #42 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Guinea-Bissau'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 Guinea-Bissau is above the world average. Within Sub-Saharan Africa, it ranks #18 of 46.
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.