Oil rents as a percentage of GDP in Angola 2011-2020
In 2020, the average share of GDP generated from oil rents in Angola decreased by 0.9 percentage points since 2019. In total, the average share declined to 24.03 percent in 2020.
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 statistics on other topics about Angola with key insights such as share of the population with access to electricity.
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 statistics on other topics about Angola with key insights such as share of the population with access to electricity.
