What was Saudi Arabia's Mineral rents (% of GDP) in 2021?

In 2021, Saudi Arabia's Mineral rents (% of GDP) was 0.16, according to World Bank Open Data.

Is Saudi Arabia's Mineral rents (% of GDP) rising or falling?

Saudi Arabia's Mineral rents (% of GDP) rose 167.4% from 2020 to 2021.

How does Saudi Arabia rank globally on Mineral rents (% of GDP)?

In 2021, Saudi Arabia ranked #64 out of 197 countries reporting Mineral rents (% of GDP).

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

The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #3 of 20.

Saudi Arabia: Mineral rents (% of GDP)

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

In 2021, Saudi Arabia's Mineral rents (% of GDP) was 0.16.

That's up 167.4% from 2020, the highest value on record.

The global average for this indicator in 2021 was 1.76 . Saudi Arabia ranks #64 globally out of 197 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #3 of 20.

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: 0.16; 2021
Trough: 0.00; 2003
1-year change: +167.4%
5-year change: +260.4%; +29.2% / yr
10-year change: +196.6%; +11.5% / yr

Historical Data — Last 10 Years

Year	Mineral rents (% of GDP)
2021	0.1622
2020	0.0606
2019	0.0427
2018	0.0784
2017	0.0646
2016	0.0450
2015	0.0551
2014	0.0508
2013	0.0635
2012	0.0928

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 Saudi Arabia's Mineral rents (% of GDP) in 2021?: In 2021, Saudi Arabia's Mineral rents (% of GDP) was 0.16, according to World Bank Open Data.
Is Saudi Arabia's Mineral rents (% of GDP) rising or falling?: Saudi Arabia's Mineral rents (% of GDP) rose 167.4% from 2020 to 2021.
How does Saudi Arabia rank globally on Mineral rents (% of GDP)?: In 2021, Saudi Arabia ranked #64 out of 197 countries reporting Mineral rents (% of GDP).
How does Saudi Arabia's Mineral rents (% of GDP) compare to the world average?: The global average for Mineral rents (% of GDP) in 2021 was 1.76, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #3 of 20.
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.