In 2020, the average share of GDP generated from oil rents in Kuwait decreased by 11.1 percentage points (-28.71 percent) compared to 2019. As a result, the average share in Kuwait saw its lowest number in 2020 with 27.58 percent. 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 Saudi Arabia and United Arab Emirates.
Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020
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World Bank. (October 24, 2024). Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/
World Bank. "Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020." Chart. October 24, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/
World Bank. (2024). Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/
World Bank. "Share of The Gross Domestic Product Generated from Oil Rents in Kuwait from 2011 to 2020." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/
World Bank, Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020 Statista, https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/ (last visited November 05, 2024)
Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/
