Share of GDP generated from oil rents in Saudi Arabia 2012-2021

Published by
Amna Puri-Mirza
,
Nov 4, 2024
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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Showing entries 1 to 10 (10 entries in total)
Statistic: Share of the gross domestic product generated from oil rents in Saudi Arabia from 2012 to 2021

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Release date

October 2024

Region

Saudi Arabia, MENA

Survey time period

2012 to 2021

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Statistics on " Crude oil industry of the Gulf Cooperation Council "

Other statistics that may interest you Crude oil industry of the Gulf Cooperation Council

Global overview

3

Regional overview

3

Saudi Arabia

6

United Arab Emirates

5

Kuwait and Qatar

5

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Topics

Crude oil industry in the GCCOPECOil industry worldwideSaudi Aramco
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