Oil Rents as a Percentage of GDP in the United States (2000-2021)

The "Oil rents (% of GDP)" indicator 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). This indicator reflects the economic value derived from oil extraction relative to the size of the economy, providing insight into how significant oil revenues are to the national economy. It is particularly important for understanding the dependence of a country's economy on oil resources and the impact of oil price fluctuations on economic stability. The chart displays the oil rents (% of GDP) in the United States over a 22-year period from 2000 to 2021. In 2021, oil rents in the United States were reported at 0.61% of GDP.