Economy · Glossary
Total natural resources rents (% of GDP)
NY.GDP.TOTL.RT.ZS
Definition
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.
Methodology for Economy indicators
Economic indicators measure the size, structure, and dynamics of a country's economy. The World Bank collects data from national statistical offices, central banks, and the IMF, then normalizes it for cross-country comparison. Watch out for nominal versus real (inflation-adjusted) values: nominal figures in current US dollars are sensitive to exchange rate swings, while constant dollar series isolate real growth. Most macro indicators have a 1–2 year reporting lag.
How to interpret
- Always check the unit and reporting year before comparing values across countries.
- NULL or "Not available" means the World Bank did not publish a value — we never estimate.
- Year-over-year changes can be driven by methodology updates, not just real economic shifts.