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

In 2021, Libya's Total natural resources rents (% of GDP) was 61.03, according to World Bank Open Data.

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

Libya's Total natural resources rents (% of GDP) rose 431.7% from 2020 to 2021.

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

In 2021, Libya ranked #1 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Libya'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 Libya is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #1 of 20.

Libya: Total natural resources rents (% of GDP)

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

In 2021, Libya's Total natural resources rents (% of GDP) was 61.03.

That's up 431.7% from 2020, the highest value since 2008.

The global average for this indicator in 2021 was 6.63 . Libya ranks #1 globally out of 197 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #1 of 20.

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
2010 · Arab Spring begins

Highlights

Peak: 66.06; 2008
Trough: 11.48; 2020
1-year change: +431.7%
5-year change: +398.4%; +37.9% / yr
10-year change: +62.5%; +5.0% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	61.0347
2020	11.4790
2019	34.4990
2018	31.6169
2017	22.1588
2016	12.2469
2015	16.3922
2014	31.0169
2013	47.7414
2012	59.1030

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 Libya's Total natural resources rents (% of GDP) in 2021?: In 2021, Libya's Total natural resources rents (% of GDP) was 61.03, according to World Bank Open Data.
Is Libya's Total natural resources rents (% of GDP) rising or falling?: Libya's Total natural resources rents (% of GDP) rose 431.7% from 2020 to 2021.
How does Libya rank globally on Total natural resources rents (% of GDP)?: In 2021, Libya ranked #1 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Libya'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 Libya is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #1 of 20.
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.