Is Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) rising or falling?

Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) fell 1.9% from 2020 to 2021.

How does Somalia, Fed. Rep. rank globally on Total natural resources rents (% of GDP)?

In 2021, Somalia, Fed. Rep. ranked #41 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Somalia, Fed. Rep.'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 Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #17 of 46.

Somalia, Fed. Rep.: Total natural resources rents (% of GDP)

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

In 2021, Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) was 11.24.

That's down 1.9% from 2020, the highest value since 2020.

The global average for this indicator in 2021 was 6.63 . Somalia, Fed. Rep. ranks #41 globally out of 197 reporting countries. Within Sub-Saharan Africa, it ranks #17 of 46.

Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS) • Data as of 2021

Trend (2013–2021)

2020 · COVID-19 pandemic
2014 · Oil price collapse

Highlights

Peak: 19.55; 2016
Trough: 10.73; 2019
1-year change: -1.9%
5-year change: -42.5%; -10.5% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	11.2357
2020	11.4553
2019	10.7304
2018	11.7358
2017	18.6973
2016	19.5455
2015	18.8762
2014	18.2922
2013	17.8128

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 Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) in 2021?: In 2021, Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) was 11.24, according to World Bank Open Data.
Is Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) rising or falling?: Somalia, Fed. Rep.'s Total natural resources rents (% of GDP) fell 1.9% from 2020 to 2021.
How does Somalia, Fed. Rep. rank globally on Total natural resources rents (% of GDP)?: In 2021, Somalia, Fed. Rep. ranked #41 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Somalia, Fed. Rep.'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 Somalia, Fed. Rep. is above the world average. Within Sub-Saharan Africa, it ranks #17 of 46.
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.