Natural gas rents as a percentage of GDP reached < 0.001 % in 1970 in Turkey, according to EIA. This is 45.9 % less than in the previous year.
Historically, natural gas rents as a percentage of GDP in Turkey reached an all time high of 0.016 % in 2008 and an all time low of < 0.001 % in 1970. When compared to Turkey's main peers, natural gas rents as a percentage of GDP in Iraq amounted to 0.016 % and 0.023 % in Iran in 1970.
Turkey has been ranked 42nd within the group of 43 countries we follow in terms of natural gas rents as a percentage of GDP.
Natural gas rents are the difference between the value of natural gas production at world prices and total costs of production.