Nigeria

Revenue Minus Production Cost Of Oil

7.4
percent of GDP
Dec 71Dec 74Dec 77Dec 80Dec 83Dec 86Dec 89Dec 92Dec 95Dec 98Dec 01Dec 04Dec 07Dec 11Dec 14Dec 190.00010.0020.0030.0040.00
  • Nigeria
  • Global Median
Source: IMF

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.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING