In 2021, the average share of GDP generated from oil rents in Libya increased by 47.1 percentage points (+509.74 percent) compared to 2020. The year 2021 therefore marks a significant change in the average share compared to the previous year. 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.
Find more key insights for the average share of GDP generated from oil rents in countries like Algeria.
Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021
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World Bank. (October 24, 2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021." Chart. October 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. (2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil Rents as a Percentage of Gross Domestic Product (Gdp) in Libya from 2002 to 2021." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank, Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 Statista, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/ (last visited November 21, 2024)
Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
