Angola—Oil Rents (% of GDP)
Angola's oil rents (% of gdp) was 28.27% in 2021, ranking #4 out of 197 countries. This represents a +52.2% change from 2020. Over the past 22 years, the highest recorded value was 57.51% (2000) and the lowest was 12.72% (2015). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 28.27% | +52.2% |
| 2020 | 18.57% | -32.5% |
| 2019 | 27.50% | -10.5% |
| 2018 | 30.73% | +24.4% |
| 2017 | 24.71% | +25.1% |
| 2016 | 19.75% | +55.3% |
| 2015 | 12.72% | -41.5% |
| 2014 | 21.74% | -25.1% |
| 2013 | 29.00% | -15.5% |
| 2012 | 34.33% | -11.1% |
| 2011 | 38.62% | +2.4% |
| 2010 | 37.71% | +26.6% |
| 2009 | 29.78% | -42.8% |
| 2008 | 52.10% | +14.8% |
| 2007 | 45.40% | +12.7% |
| 2006 | 40.28% | -4.6% |
| 2005 | 42.22% | +28.1% |
| 2004 | 32.96% | +21.6% |
| 2003 | 27.12% | -14.6% |
| 2002 | 31.76% | -25.4% |
| 2001 | 42.59% | -25.9% |
| 2000 | 57.51% |
Top Countries — Oil Rents (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Libya | 56.38% | 2021 |
| 2 | Iraq | 42.79% | 2021 |
| 3 | Congo, Rep. | 34.38% | 2021 |
| 4 | Angola | 28.27% | 2021 |
| 5 | Kuwait | 27.58% | 2020 |
| 6 | Saudi Arabia | 23.69% | 2021 |
| 7 | Oman | 23.54% | 2021 |
| 8 | Guyana | 22.08% | 2021 |
| 9 | Azerbaijan | 20.98% | 2021 |
| 10 | Iran, Islamic Rep. | 18.27% | 2021 |
About This Indicator
Definition
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Methodology
Data compiled by The Changing Wealth of Nations, World Bank (WB), uri: https://www.worldbank.org/en/publication/changing-wealth-of-nations/data, note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations., publisher: World Bank (WB); Staff estimates, World Bank (WB), note: World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations..