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Total Natural Resources Rents (As % of GDP) in Australia

Source: World Bank
Last Updated: May 1, 2021

Total natural resources rents as a percentage of GDP reached 7.50 % in 2018 in Australia, according to the National Statistical Office. This is 4.79 % more than in the previous year.

Historically, total natural resources rents as a percentage of GDP in Australia reached an all time high of 10.7 % in 2011 and an all time low of 1.82 % in 1970. When compared to Australia's main peers, total natural resources rents as a percentage of GDP in Indonesia amounted to 4.78 %, 7.54 % in Malaysia, 1.32 % in New Zealand and 24.5 % in Papua New Guinea in 2018.

Australia has been ranked 49th within the group of 167 countries we follow in terms of total natural resources rents as a percentage of GDP, 10 places above the position seen 10 years ago.

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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