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

In 2021, Panama's Total natural resources rents (% of GDP) was 3.66, according to World Bank Open Data.

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

Panama's Total natural resources rents (% of GDP) rose 584.9% from 2020 to 2021.

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

In 2021, Panama ranked #79 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Panama'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 Panama is below the world average. Within Latin America & Caribbean, it ranks #11 of 36.

Panama: Total natural resources rents (% of GDP)

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

In 2021, Panama's Total natural resources rents (% of GDP) was 3.66.

That's up 584.9% from 2020, the highest value on record.

The global average for this indicator in 2021 was 6.63 . Panama ranks #79 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #11 of 36.

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: 3.66; 2021
Trough: 0.10; 2005
1-year change: +584.9%
5-year change: +2,697.4%; +94.7% / yr
10-year change: +1,258.0%; +29.8% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	3.6648
2020	0.5351
2019	0.3161
2018	0.0994
2017	0.1243
2016	0.1310
2015	0.1387
2014	0.2316
2013	0.2169
2012	0.2604

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 Panama's Total natural resources rents (% of GDP) in 2021?: In 2021, Panama's Total natural resources rents (% of GDP) was 3.66, according to World Bank Open Data.
Is Panama's Total natural resources rents (% of GDP) rising or falling?: Panama's Total natural resources rents (% of GDP) rose 584.9% from 2020 to 2021.
How does Panama rank globally on Total natural resources rents (% of GDP)?: In 2021, Panama ranked #79 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Panama'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 Panama is below the world average. Within Latin America & Caribbean, it ranks #11 of 36.
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.