The average share of GDP generated from oil rents in Libya increased by 47.1 percentage points (+509.74 percent) in 2021. This was a significant increase in the average share. Oil rents are estimated from the difference between the value of crude oil production at regional prices and the total costs of production. Values are expressed as a share of gross domestic product.
Find more key insights for the average share of GDP generated from oil rents in countries like Algeria.
Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021
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World Bank. (June 28, 2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021." Chart. June 28, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. (2024). Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank. "Oil Rents as a Percentage of Gross Domestic Product (Gdp) in Libya from 2002 to 2021." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/
World Bank, Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 Statista, https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/ (last visited September 01, 2024)
Oil rents as a percentage of Gross Domestic Product (GDP) in Libya from 2002 to 2021 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/1199703/oil-rents-as-a-share-of-gdp-in-libya/