The average share of GDP generated from oil rents in Saudi Arabia increased by 7.7 percentage points (+48.19 percent) in 2021 in comparison to the previous year. In total, the average share amounted to 23.69 percent in 2021. This increase was preceded by a declining 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 Kuwait and Bahrain.
Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021
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World Bank. (October 24, 2024). Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021 [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/
World Bank. "Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021." Chart. October 24, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/
World Bank. (2024). Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/
World Bank. "Share of The Gross Domestic Product Generated from Oil Rents in Saudi Arabia from 2012 to 2021." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/
World Bank, Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021 Statista, https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/ (last visited November 26, 2024)
Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1303750/saud-arabia-oil-rent-share-of-gdp/
