Algeria: Oil rents (% of GDP)
In , Algeria's Oil rents (% of GDP) was 14.46.
That's up 60.0% from 2020, the highest value since .
The global average for this indicator in 2021 was 2.59 . Algeria ranks #16 globally out of 190 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #8 of 20.
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
- 29.53
- Trough
- 9.04
- 1-year change
- +60.0%
- 5-year change
- +44.2%
- +7.6% / yr
- 10-year change
- -42.2%
- -5.3% / yr
Historical Data — Last 10 Years
| Year | Oil rents (% of GDP) |
|---|---|
| 14.4616 | |
| 9.0384 | |
| 14.1421 | |
| 15.9428 | |
| 12.1566 | |
| 10.0262 | |
| 11.7459 | |
| 19.3167 | |
| 20.8724 | |
| 22.6025 |
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 Algeria's Oil rents (% of GDP) in 2021?
- In 2021, Algeria's Oil rents (% of GDP) was 14.46, according to World Bank Open Data.
- Is Algeria's Oil rents (% of GDP) rising or falling?
- Algeria's Oil rents (% of GDP) rose 60.0% from 2020 to 2021.
- How does Algeria rank globally on Oil rents (% of GDP)?
- In 2021, Algeria ranked #16 out of 190 countries reporting Oil rents (% of GDP).
- How does Algeria's Oil rents (% of GDP) compare to the world average?
- The global average for Oil rents (% of GDP) in 2021 was 2.59, so Algeria is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #8 of 20.
- 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.