Total natural resource rents in Venezuela
Venezuela: Total natural resource rents was 11.8% in 2014. ▲ Rising
Total natural resource rents in Venezuela, 1970–2014
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
Venezuela recorded 11.8% for total natural resource rents in 2014.
That represents a change of down 32.8% on the previous year and down 50.3% over ten years.
Over the whole period, total natural resource rents in Venezuela peaked at 36.5% in 1979 and was at its lowest, 5.5%, in 1970.
Venezuela ranks 43rd of 211 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1% | 5.5% | 36.5% | 10 |
| 1980s | 18.0% | 8.0% | 34.4% | 10 |
| 1990s | 17.3% | 9.1% | 29.3% | 10 |
| 2000s | 21.6% | 10.5% | 29.2% | 10 |
| 2010s | 17.0% | 11.8% | 24.5% | 5 |
Countries ranked near Venezuela
- 40 South Sudan 13.1% compare
- 41 Sudan 12.8% compare
- 42 Peru 12.7% compare
- 44 Kyrgyzstan 11.5% compare
- 45 Mauritania 11.4% compare
- 46 Somalia 11.2% compare
More reference data data for Venezuela
- Spring temperature anomalies 0.7484 °C (2026)
- Summer temperature anomalies 0.717 °C (2026)
- Temperature anomalies by month 1.01 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.5589 °C (2025)
- Winter temperature anomalies 0.7491 °C (2025)
- Consumer price index 2,740 2010 = 100 (2016)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is total natural resource rents in Venezuela?
- Total natural resource rents in Venezuela was 11.8% in 2014, 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 Venezuela?
- The highest recorded value was 36.5% in 1979.
- What is the lowest total natural resource rents recorded in Venezuela?
- The lowest recorded value was 5.5% in 1970.
- How does Venezuela rank for total natural resource rents?
- Venezuela ranks 43rd out of 211 countries with data for 2014.
- Is total natural resource rents rising or falling in Venezuela?
- Over the last ten years it is down 50.3%. The long-run trend across the full record is rising.
- Where does this Venezuela 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.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.