Share of GDP generated from oil rents in Kuwait 2011-2020

Published by
Amna Puri-Mirza,
May 12, 2023
The average share of GDP generated from oil rents in Kuwait decreased by 11.1 percentage points since the previous year. As a result, the average share in Kuwait saw its lowest number in 2020 with 27.58 percent.

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 key insights for the average share of GDP generated from oil rents in countries like Saudi Arabia and the United Arab Emirates.

Share of the gross domestic product generated from oil rents in Kuwait from 2011 to 2020

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Release date

May 2023

Region

Kuwait, MENA

Survey time period

2011 to 2020

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Topics

Crude oil industry in the GCCOPECOil industry worldwideSaudi Aramco
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