Natural gas rents (% of GDP) - Country Ranking

Definition: Natural gas rents are the difference between the value of natural gas production at world prices and total costs of production.

Source: Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Timor-Leste 28.97 2019
2 Turkmenistan 14.45 2018
3 Brunei 10.54 2019
4 Uzbekistan 6.90 2019
5 Equatorial Guinea 6.85 2019
6 Papua New Guinea 5.24 2019
7 Trinidad and Tobago 4.59 2019
8 Qatar 3.81 2019
9 Azerbaijan 3.57 2019
10 Russia 2.84 2019
11 Iran 2.66 2018
12 Myanmar 2.45 2019
13 Malaysia 2.36 2019
14 Mozambique 2.28 2019
15 Norway 2.12 2019
16 Algeria 1.90 2019
17 Oman 1.79 2019
18 Bahrain 1.65 2019
19 Congo 1.24 2019
20 Australia 1.20 2019
21 Bolivia 1.18 2019
22 Kazakhstan 1.06 2019
23 Nigeria 0.98 2019
24 Ukraine 0.88 2019
25 Syrian Arab Republic 0.82 2007
26 Egypt 0.81 2019
27 Angola 0.72 2019
28 Thailand 0.72 2019
29 Libya 0.68 2019
30 Indonesia 0.66 2019
31 United Arab Emirates 0.56 2019
32 Saudi Arabia 0.54 2019
33 Kuwait 0.51 2019
34 Cameroon 0.44 2019
35 Pakistan 0.44 2019
36 Vietnam 0.41 2019
37 Argentina 0.34 2019
38 Bangladesh 0.34 2019
39 Venezuela 0.32 2014
40 Côte d'Ivoire 0.30 2019
41 Romania 0.27 2019
42 New Zealand 0.26 2019
43 Ghana 0.23 2019
44 Netherlands 0.22 2019
45 Tanzania 0.21 2019
46 Peru 0.19 2019
47 Tunisia 0.19 2019
48 Iraq 0.18 2019
49 Croatia 0.14 2019
50 China 0.14 2019
51 Philippines 0.14 2019
52 Colombia 0.13 2019
53 United Kingdom 0.10 2019
54 Yemen 0.10 2019
55 Israel 0.09 2019
56 Ireland 0.09 2018
57 Hungary 0.07 2019
58 Mexico 0.07 2019
59 Serbia 0.07 2019
60 Gabon 0.07 2019
61 Denmark 0.06 2019
62 Canada 0.05 2019
63 Poland 0.05 2019
64 Cuba 0.05 2018
65 Brazil 0.05 2019
66 India 0.03 2019
67 Afghanistan 0.03 2019
68 Belarus 0.03 2019
69 United States 0.02 2019
70 Albania 0.02 2019
71 Chile 0.02 2018
72 Tajikistan 0.02 2019
73 Italy 0.02 2019
74 South Africa 0.02 2019
75 Ecuador 0.01 2019
76 Jordan 0.01 2019
77 Austria 0.01 2019
78 Senegal 0.01 2019
79 Germany 0.01 2019
80 Guatemala 0.01 2019
81 Bulgaria 0.01 2018
82 Czech Republic 0.01 2019
83 Slovak Republic 0.01 2019
84 Georgia 0.01 2019
85 Japan 0.00 2019
86 Turkey 0.00 2019
87 Kyrgyz Republic 0.00 2019
88 Barbados 0.00 2019
89 Korea 0.00 2019
90 Slovenia 0.00 2019
91 Morocco 0.00 2019
92 Spain 0.00 2018
93 France 0.00 2018
94 Honduras 0.00 2019
94 Fiji 0.00 2019
94 Cayman Islands 0.00 2018
94 Djibouti 0.00 2019
94 Dominica 0.00 2019
94 Dominican Republic 0.00 2019
94 Bhutan 0.00 2019
94 Botswana 0.00 2019
94 Central African Republic 0.00 2019
94 Cabo Verde 0.00 2019
94 Burundi 0.00 2019
94 Burkina Faso 0.00 2019
94 Antigua and Barbuda 0.00 2019
94 The Bahamas 0.00 2019
94 Moldova 0.00 2019
94 Madagascar 0.00 2019
94 North Macedonia 0.00 2019
94 Cambodia 0.00 2019
94 St. Kitts and Nevis 0.00 2019
94 Lao PDR 0.00 2019
94 Lebanon 0.00 2019
94 Liberia 0.00 2019
94 St. Lucia 0.00 2019
94 Lesotho 0.00 2019
94 Lithuania 0.00 2019
94 Luxembourg 0.00 2019
94 Latvia 0.00 2019
94 Puerto Rico 0.00 2019
94 Paraguay 0.00 2019
94 Panama 0.00 2019
94 Mauritania 0.00 2019
94 New Caledonia 0.00 2000
94 Niger 0.00 2019
94 Montenegro 0.00 2019
94 Iceland 0.00 2019
94 Samoa 0.00 2019
94 Zambia 0.00 2019
94 El Salvador 0.00 2019
94 Sudan 0.00 2019
94 Suriname 0.00 2019
94 Sweden 0.00 2019
94 Tonga 0.00 2019
94 Bosnia and Herzegovina 0.00 2019
94 Belize 0.00 2019
94 Armenia 0.00 2019
94 Belgium 0.00 2019
94 Benin 0.00 2019
94 Switzerland 0.00 2019
94 Dem. Rep. Congo 0.00 2019
94 Comoros 0.00 2019
94 Costa Rica 0.00 2019
94 Cyprus 0.00 2019
94 Guyana 0.00 2019
94 Hong Kong SAR, China 0.00 2019
94 Haiti 0.00 2019
94 Jamaica 0.00 2019
94 Kenya 0.00 2019
94 Mali 0.00 2019
94 Malta 0.00 2019
94 Mongolia 0.00 2019
94 Mauritius 0.00 2019
94 Malawi 0.00 2019
94 Namibia 0.00 2019
94 Nicaragua 0.00 2019
94 Eritrea 0.00 2011
94 Estonia 0.00 2019
94 Ethiopia 0.00 2019
94 Finland 0.00 2019
94 Guinea 0.00 2019
94 The Gambia 0.00 2019
94 Guinea-Bissau 0.00 2019
94 Greece 0.00 2019
94 Grenada 0.00 2019
94 Greenland 0.00 2018
94 Eswatini 0.00 2019
94 Seychelles 0.00 2019
94 Portugal 0.00 2019
94 Tuvalu 0.00 2019
94 Uganda 0.00 2019
94 Chad 0.00 2019
94 Togo 0.00 2019
94 Nepal 0.00 2019
94 Nauru 0.00 2019
94 Kiribati 0.00 2019
94 Sri Lanka 0.00 2019
94 Macao SAR, China 0.00 2019
94 Rwanda 0.00 2019
94 Singapore 0.00 2019
94 Solomon Islands 0.00 2019
94 Sierra Leone 0.00 2019
94 Somalia 0.00 1990
94 São Tomé and Principe 0.00 2019
94 Vanuatu 0.00 2019
94 Zimbabwe 0.00 2019
94 St. Vincent and the Grenadines 0.00 2019
94 Uruguay 0.00 2019

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

Development Relevance: Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future.

Limitations and Exceptions: This definition of economic rent differs from that used in the System of National Accounts, where rents are a form of property income, consisting of payments to landowners by a tenant for the use of the land or payments to the owners of subsoil assets by institutional units permitting them to extract subsoil deposits.

Statistical Concept and Methodology: The estimates of natural resources rents are calculated as the difference between the price of a commodity and the average cost of producing it. This is done by estimating the world price of units of specific commodities and subtracting estimates of average unit costs of extraction or harvesting costs (including a normal return on capital). These unit rents are then multiplied by the physical quantities countries extract or harvest to determine the rents for each commodity as a share of gross domestic product (GDP).

Aggregation method: Weighted average

Periodicity: Annual