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

Source: World Bank
Last Updated: May 1, 2021

Total natural resources rents as a percentage of GDP reached 10.4 % in 2014 in Venezuela, according to the National Statistical Office. This is 33.9 % less than in the previous year.

Historically, total natural resources rents as a percentage of GDP in Venezuela reached an all time high of 36.6 % in 1979 and an all time low of 7.65 % in 1970. When compared to Venezuela's main peers, total natural resources rents as a percentage of GDP in Brazil amounted to 4.10 %, 6.58 % in Colombia, 19.5 % in Guyana and 13.0 % in Trinidad and Tobago in 2014.

Venezuela has been ranked 51st within the group of 173 countries we follow in terms of total natural resources rents as a percentage of GDP, 29 places behind 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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