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

In 2021, Norway's Total natural resources rents (% of GDP) was 10.05, according to World Bank Open Data.

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

Norway's Total natural resources rents (% of GDP) rose 140.3% from 2020 to 2021.

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

In 2021, Norway ranked #44 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Norway'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 Norway is above the world average. Within Europe & Central Asia, it ranks #6 of 51.

Norway: Total natural resources rents (% of GDP)

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

In 2021, Norway's Total natural resources rents (% of GDP) was 10.05.

That's up 140.3% from 2020, the highest value since 2008.

The global average for this indicator in 2021 was 6.63 . Norway ranks #44 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #6 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: 12.62; 2008
Trough: 3.87; 2016
1-year change: +140.3%
5-year change: +159.8%; +21.0% / yr
10-year change: +0.2%; +0.0% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	10.0483
2020	4.1813
2019	6.2689
2018	7.3936
2017	5.3359
2016	3.8671
2015	5.1624
2014	7.5175
2013	8.1685
2012	9.3417

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 Norway's Total natural resources rents (% of GDP) in 2021?: In 2021, Norway's Total natural resources rents (% of GDP) was 10.05, according to World Bank Open Data.
Is Norway's Total natural resources rents (% of GDP) rising or falling?: Norway's Total natural resources rents (% of GDP) rose 140.3% from 2020 to 2021.
How does Norway rank globally on Total natural resources rents (% of GDP)?: In 2021, Norway ranked #44 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Norway'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 Norway is above the world average. Within Europe & Central Asia, it ranks #6 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.