The average share of GDP generated from oil rents in Algeria increased by 5.4 percentage points (+59.73 percent) compared to the previous year. The year 2021 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. (October 24, 2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph]. In Statista. Retrieved December 30, 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. October 24, 2024. Statista. Accessed December 30, 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: December 30, 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., 24 Oct 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 December 30, 2024)
Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/
