The average share of GDP generated from oil rents in Kuwait decreased by 11.1 percentage points (-28.71 percent) since the previous year. In 2020, the average share thereby reached its lowest value in the recent years. 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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Share of GDP
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World Bank. (May 30, 2024). Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020 [Graph]. In Statista. Retrieved July 22, 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. May 30, 2024. Statista. Accessed July 22, 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: July 22, 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., 30 May 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 July 22, 2024)
Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1303734/kuwait-oil-rent-share-of-gdp/