Oil rents as a percentage of GDP reached 0.013 % in 2017 in Greece, according to EIA. This is 19.5 % more than in the previous year.
Historically, oil rents as a percentage of GDP in Greece reached an all time high of 0.241 % in 1985 and an all time low of < 0.001 % in 1999. When compared to Greece's main peers, oil rents as a percentage of GDP in Albania amounted to 1.37 %, 0.008 % in Bulgaria and 0.056 % in Turkey in 2017.
Greece has been ranked 89th within the group of 103 countries we follow in terms of oil rents as a percentage of GDP, 7 places above the position seen 10 years ago.
Oil rents are the difference between the value of crude oil production at world prices and total costs of production.