Algeria vs Venezuela, Bolivarian Republic of: Oil rents
Algeria
14.5%
in 2021
Venezuela, Bolivarian Republic of
11.3%
in 2014
Algeria rank
17th
Venezuela, Bolivarian Republic of rank
18th
Oil rents over time
- Algeria
- Venezuela, Bolivarian Republic of
How they compare
Algeria currently reports 14.5% against 11.3% in Venezuela, Bolivarian Republic of, a difference of 3.2%.
That makes Algeria's figure about 1.3 times Venezuela, Bolivarian Republic of's.
The two have swapped places 8 times across 45 shared years of data; in 1970 it was Algeria ahead.
Algeria ranks 17th and Venezuela, Bolivarian Republic of ranks 18th of 201 countries.
Across the 5 decades both report, Algeria averaged higher in 3 and Venezuela, Bolivarian Republic of in 2.
Head to head by decade
| Decade | Algeria | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 18.8% | 17.5% | 1.3% | Algeria |
| 1980s | 15.5% | 17.3% | 1.9% | Venezuela, Bolivarian Republic of |
| 1990s | 13.4% | 16.6% | 3.1% | Venezuela, Bolivarian Republic of |
| 2000s | 23.1% | 20.7% | 2.4% | Algeria |
| 2010s | 22.0% | 16.2% | 5.8% | Algeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Algeria or Venezuela, Bolivarian Republic of?
- Algeria, at 14.5% against 11.3% in Venezuela, Bolivarian Republic of as of 2021.
- What is the difference in oil rents between Algeria and Venezuela, Bolivarian Republic of?
- 3.2%, with Algeria ahead.
- How many years of comparable data are there for Algeria and Venezuela, Bolivarian Republic of?
- 45 years are reported by both, from 1970 to 2014.
- How do Algeria and Venezuela, Bolivarian Republic of rank globally for oil rents?
- Algeria ranks 17th and Venezuela, Bolivarian Republic of ranks 18th of 201 countries.
- Where does this data come from?
- The Changing Wealth of Nations, World Bank (WB), published as Oil rents (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.