# **Oil rents (% of GDP)**
- **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)**.
- Essentially, 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.
- This metric can be 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 **Azerbaijan** over a **22-year period, from 2000 to 2021**.
- In **2021**, oil rents in **Azerbaijan** were reported at **20.98% of GDP**.