What was Russian Federation's Mineral rents (% of GDP) in 2021?

In 2021, Russian Federation's Mineral rents (% of GDP) was 2.05, according to World Bank Open Data.

Is Russian Federation's Mineral rents (% of GDP) rising or falling?

Russian Federation's Mineral rents (% of GDP) rose 106.0% from 2020 to 2021.

How does Russian Federation rank globally on Mineral rents (% of GDP)?

In 2021, Russian Federation ranked #35 out of 197 countries reporting Mineral rents (% of GDP).

How does Russian Federation's Mineral rents (% of GDP) compare to the world average?

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Russian Federation is above the world average. Within Europe & Central Asia, it ranks #7 of 51.

Russian Federation: Mineral rents (% of GDP)

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

In 2021, Russian Federation's Mineral rents (% of GDP) was 2.05.

That's up 106.0% from 2020, the highest value on record.

The global average for this indicator in 2021 was 1.76 . Russian Federation ranks #35 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #7 of 51.

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: 2.05; 2021
Trough: 0.36; 2003
1-year change: +106.0%
5-year change: +148.5%; +20.0% / yr
10-year change: +88.7%; +6.6% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	2.0540
2020	0.9970
2019	0.7614
2018	0.7334
2017	0.6935
2016	0.8265
2015	0.7179
2014	0.5826
2013	0.6535
2012	0.8317

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 Russian Federation's Mineral rents (% of GDP) in 2021?: In 2021, Russian Federation's Mineral rents (% of GDP) was 2.05, according to World Bank Open Data.
Is Russian Federation's Mineral rents (% of GDP) rising or falling?: Russian Federation's Mineral rents (% of GDP) rose 106.0% from 2020 to 2021.
How does Russian Federation rank globally on Mineral rents (% of GDP)?: In 2021, Russian Federation ranked #35 out of 197 countries reporting Mineral rents (% of GDP).
How does Russian Federation's Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Russian Federation is above the world average. Within Europe & Central Asia, it ranks #7 of 51.
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.

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