Iceland: Total natural resources rents (% of GDP)

Key figures

What the numbers say

In 2021, Iceland's total natural resources rents (% of GDP) fell 0 percentage points on 2020 (from 0.000109% to 0.000107%).

Across the 30 yearly changes before that (1991 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0 percentage points in 2011 and the biggest yearly fall was 0 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is downward, about 0.000034 percentage points a year. A straight line explains 96% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Iceland had the 180th highest value of the 196 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Iceland in the 2021 ranking

• Hong Kong SAR, China — 176th of 196: 0.000993%
• Macao SAR, China — 177th of 196: 0.000725%
• Singapore — 178th of 196: 0.000181%
• American Samoa — 180th of 196: 0%
• Andorra — 181st of 196: 0%
• Antigua and Barbuda — 182nd of 196: 0%

What this measures

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

Regional and income-group figures are computed by the World Bank as a weighted average.

All 52 values

Total natural resources rents (% of GDP) in nearby economies

• Albania — 1.44% (2021)
• Andorra — 0% (2021)
• Armenia — 7.05% (2021)
• Austria — 0.12% (2021)
• Azerbaijan — 29.94% (2021)
• Belarus — 1.86% (2021)
• Belgium — 0.04% (2021)
• Bosnia and Herzegovina — 0.81% (2021)
• Bulgaria — 0.92% (2021)
• Croatia — 0.68% (2021)

More environment data for Iceland

• Rural population — 22,689 (2025)
• Rural population (% of total population) — 5.78% (2025)
• Urban population — 369,715 (2025)
• Urban population (% of total population) — 94.22% (2025)
• Aquaculture production (metric tons) — 54,789 (2024)
• Capture fisheries production (metric tons) — 1.01 million (2024)
• Total fisheries production (metric tons) — 1.06 million (2024)
• Rural population growth (annual %) — 0.89% (2025)
• Urban population growth (annual %) — 1.55% (2025)
• Fertilizer consumption (kilograms per hectare of arable land) — 133.69 (2024)

Reading data like this

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Questions people ask

What is Iceland's total natural resources rents (% of GDP)?

0.000107% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 0.000107 percentage points from 0% in 1970. The highest value was 0.000381% in 2011 and the lowest 0% in 1970.

How does Iceland rank?

180th highest of 196 economies with data for 2021.

Is the latest change in total natural resources rents (% of GDP) unusual for Iceland?

In 2021, Iceland's total natural resources rents (% of GDP) fell 0 percentage points on 2020 (from 0.000109% to 0.000107%). Across the 30 yearly changes before that (1991 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GDP.TOTL.RT.ZS, licensed CC BY 4.0. Original source: The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, Wo… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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