Venezuela, RB: Mineral rents (% of GDP)
In , Venezuela, RB's Mineral rents (% of GDP) was 0.11.
That's down 55.3% from 2013, the highest value since .
The global average for this indicator in 2014 was 1.76 .
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS) • Data as of 2014
Trend (2002–2014)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 0.96
- Trough
- 0.11
- 1-year change
- -55.3%
- 5-year change
- -52.6%
- -13.9% / yr
- 10-year change
- -57.9%
- -8.3% / yr
Historical Data — Last 10 Years
| Year | Mineral rents (% of GDP) |
|---|---|
| 0.1053 | |
| 0.2355 | |
| 0.2800 | |
| 0.6803 | |
| 0.4045 | |
| 0.2221 | |
| 0.7712 | |
| 0.9627 | |
| 0.7295 | |
| 0.6897 |
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 Venezuela, RB's Mineral rents (% of GDP) in 2014?
- In 2014, Venezuela, RB's Mineral rents (% of GDP) was 0.11, according to World Bank Open Data.
- Is Venezuela, RB's Mineral rents (% of GDP) rising or falling?
- Venezuela, RB's Mineral rents (% of GDP) fell 55.3% from 2013 to 2014.
- How does Venezuela, RB's Mineral rents (% of GDP) compare to the world average?
- The global average for Mineral rents (% of GDP) in 2014 was 1.76, so Venezuela, RB is below the world average.
- 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.
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.