Russia: Oil revenue

* indicates monthly or quarterly data series

Revenue minus production cost of oil, percent of GDP

 Latest value 9.16
 Reference 2019
 Measure percent
 Source The World Bank

For that indicator, we provide data for Russia from 1988 to 2019. The average value for Russia during that period was 8.15 percent with a minimum of 1.68 percent in 1998 and a maximum of 14.51 percent in 2000. The latest value from 2019 is 9.16 percent. For comparison, the world average in 2019 based on 179 countries is 2.77 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
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