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

In 2021, Iceland's Total natural resources rents (% of GDP) was 0.00, according to World Bank Open Data.

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

Iceland's Total natural resources rents (% of GDP) fell 1.8% from 2020 to 2021.

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

In 2021, Iceland ranked #179 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Iceland'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 Iceland is below the world average. Within Europe & Central Asia, it ranks #48 of 51.

Iceland: Total natural resources rents (% of GDP)

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

In 2021, Iceland's Total natural resources rents (% of GDP) was 0.00.

That's down 1.8% from 2020, the highest value since 2020.

The global average for this indicator in 2021 was 6.63 . Iceland ranks #179 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #48 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: 0.00; 2011
Trough: 0.00; 2002
1-year change: -1.8%
5-year change: -57.5%; -15.7% / yr
10-year change: -71.9%; -11.9% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	0.0001
2020	0.0001
2019	0.0001
2018	0.0002
2017	0.0002
2016	0.0003
2015	0.0003
2014	0.0003
2013	0.0004
2012	0.0004

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 Iceland's Total natural resources rents (% of GDP) in 2021?: In 2021, Iceland's Total natural resources rents (% of GDP) was 0.00, according to World Bank Open Data.
Is Iceland's Total natural resources rents (% of GDP) rising or falling?: Iceland's Total natural resources rents (% of GDP) fell 1.8% from 2020 to 2021.
How does Iceland rank globally on Total natural resources rents (% of GDP)?: In 2021, Iceland ranked #179 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Iceland'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 Iceland is below the world average. Within Europe & Central Asia, it ranks #48 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.