In 2021, the average share of GDP generated from oil rents in Algeria increased by 5.4 percentage points (+59.73 percent) since 2020. This was a significant increase in the average share. 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. (June 28, 2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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. June 28, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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., 28 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/ (last visited September 20, 2024)
Oil rents as a percentage of Gross Domestic Product (GDP) in Algeria from 2002 to 2021 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1180155/oil-rents-as-a-share-of-gdp-in-algeria/