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

Source: World Bank
Last Updated: May 1, 2021

Total natural resources rents as a percentage of GDP reached 1.47 % in 2018 in Philippines, according to the National Statistical Office. This is 14.3 % more than in the previous year.

Historically, total natural resources rents as a percentage of GDP in Philippines reached an all time high of 6.97 % in 1973 and an all time low of 0.414 % in 1999. When compared to Philippines's main peers, total natural resources rents as a percentage of GDP in China amounted to 1.58 %, 4.78 % in Indonesia and 4.32 % in Vietnam in 2018.

Philippines has been ranked 97th within the group of 167 countries we follow in terms of total natural resources rents as a percentage of GDP, 9 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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