Korea, Rep.: Natural gas rents (% of GDP)

Key figures

What the numbers say

In 2021, Korea, Rep.'s natural gas rents (% of GDP) rose 0 percentage points on 2020 (from 0.00435% to 0.0052%).

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 0.8 standard deviations above 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 2005 and the biggest yearly fall was 0 percentage points in 2006. 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 upward, about 0.000334 percentage points a year. A straight line explains 55% 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, Korea, Rep. had the 84th highest value of the 188 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 Korea, Rep. in the 2021 ranking

• Türkiye — 80th of 188: 0.00748%
• Barbados — 81st of 188: 0.00722%
• Bulgaria — 82nd of 188: 0.0065%
• Senegal — 84th of 188: 0.0026%
• Kyrgyz Republic — 85th of 188: 0.00208%
• Afghanistan — 86th of 188: 0.00195%

What this measures

Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.

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

All 51 values

Natural gas rents (% of GDP) in nearby economies

• American Samoa — 0% (2021)
• Australia — 1.72% (2021)
• Brunei Darussalam — 13.86% (2021)
• Cambodia — 0% (2021)
• China — 0.21% (2021)
• Fiji — 0% (2021)
• French Polynesia — 0% (2021)
• Guam — 0% (2021)
• Hong Kong SAR, China — 0% (2021)
• Indonesia — 0.84% (2021)
• Japan — 0.00881% (2021)

More environment data for Korea, Rep.

• Population in largest city — 10.03 million (2025)
• Population in the largest city (% of urban population) — 23.9% (2025)
• Population in urban agglomerations of more than 1 million — 26.41 million (2025)
• Population in urban agglomerations of more than 1 million (% of total population) — 51.1% (2025)
• Rural population — 9.73 million (2025)
• Rural population (% of total population) — 18.83% (2025)
• Urban population — 41.95 million (2025)
• Urban population (% of total population) — 81.17% (2025)
• Aquaculture production (metric tons) — 2.28 million (2024)

Reading data like this

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Questions people ask

What is Korea, Rep.'s natural gas rents (% of GDP)?

0.0052% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is up 0.0052 percentage points from 0% in 1971. The highest value was 0.0052% in 2021 and the lowest 0% in 1971.

How does Korea, Rep. rank?

84th highest of 188 economies with data for 2021.

Is the latest change in natural gas rents (% of GDP) unusual for Korea, Rep.?

In 2021, Korea, Rep.'s natural gas rents (% of GDP) rose 0 percentage points on 2020 (from 0.00435% to 0.0052%). 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 0.8 standard deviations above 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.NGAS.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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