Colombia

Revenue Minus Production Cost Of Oil

3.68
percent of GDP
Dec 72Dec 75Dec 78Dec 81Dec 84Dec 87Dec 90Dec 93Dec 96Dec 99Dec 02Dec 06Dec 09Dec 12Dec 15Dec 190.0002.0004.0006.0008.000
  • Colombia
  • Global Median
Source:

Global Ranking

17
Nigeria7.4
18
Ecuador6.68
19
Yemen5.28
20
Norway4.81
21
Ghana4.7
22
Colombia3.68
23
Sudan3.6
26
Malaysia2.36
27
Bahrain2.15

South America Ranking

2
Brazil2.04
3
Bolivia1.97
5
Guyana0.72
6
Chile0.02

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Definition of Revenue Minus Production Cost Of Oil

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

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