In 2021, the average share of GDP generated from oil rents in Russia increased by five percentage points (+106.16 percent) compared to 2020. Therefore, 2021 was a significant increase in the average share. Oil rents are estimated from the difference between the value of crude oil production at regional prices and the total costs of production. Values are expressed as a share of gross domestic product.
The source added the following information: 'Oil rents are the difference between the value of crude oil production at world prices and total costs of production.' Figures have been rounded.
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World Bank. (October 24, 2024). Oil rents as percentage of gross domestic product (GDP) in Russia from 2011 to 2021 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/
World Bank. "Oil rents as percentage of gross domestic product (GDP) in Russia from 2011 to 2021." Chart. October 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/
World Bank. (2024). Oil rents as percentage of gross domestic product (GDP) in Russia from 2011 to 2021. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/
World Bank. "Oil Rents as Percentage of Gross Domestic Product (Gdp) in Russia from 2011 to 2021." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/
World Bank, Oil rents as percentage of gross domestic product (GDP) in Russia from 2011 to 2021 Statista, https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/ (last visited November 21, 2024)
Oil rents as percentage of gross domestic product (GDP) in Russia from 2011 to 2021 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1026640/russia-oil-rents-share-of-gdp/
