The average share of GDP generated from oil rents in Algeria increased by 5.4 percentage points (+59.73 percent) in 2021. The year therefore marks a significant change in the average share compared to the previous year. The estimates of natural resource rents are calculated as the difference between the price of a commodity and the average cost of producing it. For oil rents, this is estimated by subtracting the total costs of crude oil production from the value of production at regional prices.
Find more key insights for the average share of GDP generated from oil rents in countries like Libya.
Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021
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World Bank. (May 30, 2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
World Bank. "Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
World Bank. (2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
World Bank. "Oil Rents as a Percentage of Gross Domestic Product (Gdp) in Algeria from 2002 to 2021." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
World Bank, Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 Statista, https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/ (last visited July 22, 2024)
Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
