Albania: Oil rents (% of GDP)
In , Albania's Oil rents (% of GDP) was 1.04.
That's up 79.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Albania ranks #40 globally out of 190 reporting countries. Within Europe & Central Asia, it ranks #5 of 49.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 3.12
- Trough
- 0.58
- 1-year change
- +79.0%
- 5-year change
- +17.8%
- +3.3% / yr
- 10-year change
- -57.5%
- -8.2% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 1.0422 | |
| 0.5822 | |
| 1.4244 | |
| 1.4698 | |
| 1.1261 | |
| 0.8844 | |
| 1.4526 | |
| 3.1221 | |
| 3.0339 | |
| 2.8664 |
About Oil rents (% of GDP)
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Indicator code: NY.GDP.PETR.RT.ZS • Category: Economy
Frequently asked questions
- What was Albania's Oil rents (% of GDP) in 2021?
- In 2021, Albania's Oil rents (% of GDP) was 1.04, according to World Bank Open Data.
- Is Albania's Oil rents (% of GDP) rising or falling?
- Albania's Oil rents (% of GDP) rose 79.0% from 2020 to 2021.
- How does Albania rank globally on Oil rents (% of GDP)?
- In 2021, Albania ranked #40 out of 190 countries reporting Oil rents (% of GDP).
- How does Albania's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Albania is below the world average. Within Europe & Central Asia, it ranks #5 of 49.
- What is Oil rents (% of GDP) and how is it measured?
- Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Source: World Bank Open Data (NY.GDP.PETR.RT.ZS), CC BY 4.0.