Russia: Oil revenue
* indicates monthly or quarterly data series
| Russia |
Revenue minus production cost of oil, percent of GDP |
|---|---|
| Latest value | 9.67 |
| Reference | 2021 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for Russia from 1988 to 2021. The average value for Russia during that period was 8.27 percent with a minimum of 2.22 percent in 1998 and a maximum of 15.36 percent in 2000.
The latest value from 2021 is 9.67 percent. For comparison, the world average in 2021 based on 181
countries is 2.69 percent.
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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.