Kazakhstan's Oil Rents as a Percentage of GDP: (2000-2021)

The "Oil rents (% of GDP)" indicator measures the value derived from crude oil production, subtracting the total costs of production, and expresses this value as a percentage of a country's Gross Domestic Product (GDP). This indicator reflects the economic significance of oil extraction relative to the size of the economy, providing insight into the role of oil revenues in the national economy and how fluctuations in oil prices can impact economic stability. The chart displays oil rents (% of GDP) in Kazakhstan over a 22-year period from 2000 to 2021. In 2021, oil rents in Kazakhstan were reported at 14.84% of GDP.