Arab countries| Oil rents (% of GDP)

Created at

2024-06-16 10:04

Category

Economics

Sources

UAE+ Libya+ Iraq | Oil rents (% of GDP) Bahrain | Oil rents (% of GDP)

Tags

Economy Arab countries Energy Middle east Gulf countries Libya
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# Oil rents (% of GDP) - **Oil rents (% of GDP)** is an economic indicator that measures the **difference between the value of crude oil production at world prices and the total costs of production**, expressed as a **percentage of a country’s Gross Domestic Product (GDP)**. - It represents the **income countries receive from the extraction of oil resources**. - **Libya had the highest rate in 2021: 56%.**

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