What was Korea, Rep.'s Mineral rents (% of GDP) in 2021?

In 2021, Korea, Rep.'s Mineral rents (% of GDP) was 0.00, according to World Bank Open Data.

Is Korea, Rep.'s Mineral rents (% of GDP) rising or falling?

Korea, Rep.'s Mineral rents (% of GDP) fell 99.4% from 2020 to 2021.

How does Korea, Rep. rank globally on Mineral rents (% of GDP)?

In 2021, Korea, Rep. ranked #88 out of 197 countries reporting Mineral rents (% of GDP).

How does Korea, Rep.'s Mineral rents (% of GDP) compare to the world average?

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Korea, Rep. is below the world average. Within East Asia & Pacific, it ranks #14 of 35.

Korea, Rep.: Mineral rents (% of GDP)

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

In 2021, Korea, Rep.'s Mineral rents (% of GDP) was 0.00.

That's down 99.4% from 2020, the highest value since 2020.

The global average for this indicator in 2021 was 1.76 . Korea, Rep. ranks #88 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #14 of 35.

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: 0.08; 2020
Trough: 0.00; 2018
1-year change: -99.4%
5-year change: -58.4%; -16.1% / yr
10-year change: -90.8%; -21.3% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	0.0005
2020	0.0844
2019	0.0811
2018	0.0003
2017	0.0010
2016	0.0012
2015	0.0008
2014	0.0023
2013	0.0042
2012	0.0209

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 Korea, Rep.'s Mineral rents (% of GDP) in 2021?: In 2021, Korea, Rep.'s Mineral rents (% of GDP) was 0.00, according to World Bank Open Data.
Is Korea, Rep.'s Mineral rents (% of GDP) rising or falling?: Korea, Rep.'s Mineral rents (% of GDP) fell 99.4% from 2020 to 2021.
How does Korea, Rep. rank globally on Mineral rents (% of GDP)?: In 2021, Korea, Rep. ranked #88 out of 197 countries reporting Mineral rents (% of GDP).
How does Korea, Rep.'s Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Korea, Rep. is below the world average. Within East Asia & Pacific, it ranks #14 of 35.
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.

Download this data: CSV JSON

Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.