Venezuela

Revenue Minus Production Cost Of Oil

11.36
percent of GDP
Dec 70Dec 72Dec 75Dec 77Dec 81Dec 83Dec 85Dec 87Dec 91Dec 93Dec 95Dec 00Dec 02Dec 05Dec 08Dec 10Dec 140.0008.00016.0024.0032.00
  • Venezuela
  • 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.

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