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Global Oil Rents Ranking
Oil Rents (% of GDP) by Country 1970 - 2021
About this Indicator
Oil rents measure the difference between the value of crude oil production at world prices and total costs of production, expressed as a share of GDP. It represents the economic rent accruing to a country from its oil resources.
Measured as a percentage (%) of Gross Domestic Product (GDP).
Data Profile
This dataset covers the period from 1970 to 2021, recording data for 199 entities. Data is sourced from World Bank.
1970–2021 199 entities
World Bank
- As of 2021, Libya holds the top position with a value of 56.0%.
- The highest recorded value was 87.0% by Saudi Arabia in 1979.
Limitations
High oil rents as a share of GDP reflect natural resource dependence. The calculation uses World Bank estimates of production costs and world market prices, which vary year to year.
Data Source & License
Licensed under CC BY 4.0.
Data is retrieved from the original source and formatted by Data Race.