In 2024, East Timor leads global natural gas rents, comprising 35.23% of its GDP, despite a -6.05% YoY decline. Qatar, Brunei, and Iran follow with significant figures, showcasing variability driven by factors like market conditions and geopolitical stability. Notable increases include Libya (36.24%) and Canada (92.63%). Conversely, Turkmenistan and countries like Kyrgyzstan face notable declines, highlighting regional challenges. The average variation (CAGR) over the past five years places major producers like Russia in the -6.95% zone, emphasizing the volatility in this sector.
Future trends to watch:
- Potential recovery in historically volatile markets like Russia and Iran.
- Technological advancements and environmental policies impacting nations heavily reliant on natural gas rents.
- Market diversification in response to global energy transitions towards sustainability.
Top countries in Natural Gas Rents by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 East Timor | 35.23 | 2023 | +0.19% | -6.05% | View data |
| 2 | 2 Qatar | 12.27 | 2023 | +1.27% | +9.75% | View data |
| 3 | 3 Brunei | 11.78 | 2023 | +2.7% | +0.67% | View data |
| 4 | 4 Iran | 10.39 | 2023 | +8.19% | +12.32% | View data |
| 5 | 5 Trinidad and Tobago | 8.48 | 2023 | +12.19% | +2.49% | View data |
| 6 | 6 Papua New Guinea | 8.03 | 2023 | +9.83% | +4.88% | View data |
| 7 | 7 Algeria | 8 | 2023 | +1.54% | +11.49% | View data |
| 8 | 8 Libya | 7.23 | 2023 | +19.47% | +36.24% | View data |
| 9 | 9 Oman | 5.78 | 2023 | +1.58% | +11.84% | View data |
| 10 | 10 Uzbekistan | 5.55 | 2023 | +14.01% | -8.02% | View data |
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