Oil rents as a percentage of GDP reached 0.100 % in 2017 in Serbia, according to EIA. This is 17.7 % more than in the previous year.
Historically, oil rents as a percentage of GDP in Serbia reached an all time high of 1.43 % in 2000 and an all time low of 0.070 % in 1998. When compared to Serbia's main peers, oil rents as a percentage of GDP in Croatia amounted to 0.233 %, 0.097 % in Hungary and 0.316 % in Romania in 2017.
Serbia has been ranked 75th within the group of 103 countries we follow in terms of oil rents as a percentage of GDP, 4 places behind 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.