Total natural resource rents in Azerbaijan

Azerbaijan: Total natural resource rents was 29.9% in 2021. ▼ Falling

Latest (2021)
29.9%
Change on year
up 130.2%
World rank
11th
of 211 countries
All-time high
44.6%
in 1994
All-time low
5.3%
in 1998
Years of data
31
1990–2021

Total natural resource rents in Azerbaijan, 1990–2021

102030401990200520211990: 17.7 % of GDP1991: 8.7 % of GDP1993: 41 % of GDP1994: 44.6 % of GDP1995: 26 % of GDP1996: 26 % of GDP1997: 18.4 % of GDP1998: 5.3 % of GDP1999: 17.4 % of GDP2000: 35.1 % of GDP2001: 27.9 % of GDP2002: 25.9 % of GDP2003: 26.1 % of GDP2004: 28.7 % of GDP2005: 38.6 % of GDP2006: 41.5 % of GDP2007: 39.1 % of GDP2008: 43 % of GDP2009: 29.6 % of GDP2010: 27.9 % of GDP2011: 32.9 % of GDP2012: 29 % of GDP2013: 25.5 % of GDP2014: 22.5 % of GDP2015: 14.4 % of GDP2016: 14.8 % of GDP2017: 19.7 % of GDP2018: 27.6 % of GDP2019: 23.4 % of GDP2020: 13 % of GDP2021: 29.9 % of GDP

Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.

Analysis

In 2021, total natural resource rents in Azerbaijan stood at 29.9%.

The figure is up 130.2% on the previous year and down 8.9% over ten years.

Over the whole period, total natural resource rents in Azerbaijan peaked at 44.6% in 1994 and was at its lowest, 5.3%, in 1998.

That places Azerbaijan 11th out of 211 countries with data for 2021, putting it in the top 10%.

The long-run direction has been consistently falling across the 31 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 22.8% 5.3% 44.6% 9
2000s 33.6% 25.9% 43.0% 10
2010s 23.8% 14.4% 32.9% 10
2020s 21.5% 13.0% 29.9% 2

Countries ranked near Azerbaijan

  1. 8 Mongolia 33.1% compare
  2. 9 Iran 30.4% compare
  3. 10 Angola 30.0% compare
  4. 12 Kuwait 29.3% compare
  5. 13 Oman 29.2% compare
  6. 14 Papua New Guinea 27.4% compare

See the full ranking of 211 places →

More reference data data for Azerbaijan

All data for Azerbaijan →

Frequently asked questions

What is total natural resource rents in Azerbaijan?
Total natural resource rents in Azerbaijan was 29.9% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
What is the highest total natural resource rents recorded in Azerbaijan?
The highest recorded value was 44.6% in 1994.
What is the lowest total natural resource rents recorded in Azerbaijan?
The lowest recorded value was 5.3% in 1998.
How does Azerbaijan rank for total natural resource rents?
Azerbaijan ranks 11th out of 211 countries with data for 2021.
Is total natural resource rents rising or falling in Azerbaijan?
Over the last ten years it is down 8.9%. The long-run trend across the full record is falling.
Where does this Azerbaijan data come from?
The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Total natural resource rents. Statizoid updates them automatically from the source API.

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About this data

Indicator
Total natural resource rents
Unit
% of GDP
Source
The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
211 places, 9,209 data points, 1970–2021
Last refreshed

Natural resources rents are estimated as the difference between the price of a commodity and the average cost of producing it. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents, mineral rents, and forest rents.