Iraq vs Libya: Oil rents
Iraq
42.8%
in 2021
Libya
56.4%
in 2021
Iraq rank
2nd
Libya rank
1st
Oil rents over time
- Iraq
- Libya
How they compare
Libya currently reports 56.4% against 42.8% in Iraq, a difference of 13.6%.
That makes Libya's figure about 1.3 times Iraq's.
The two have swapped places 10 times across 29 shared years of data; in 1990 it was Libya ahead.
Iraq ranks 2nd and Libya ranks 1st of 201 countries.
Iraq has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iraq | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.9% | 26.2% | 7.7% | Iraq |
| 2000s | 53.8% | 51.1% | 2.8% | Iraq |
| 2010s | 43.1% | 33.2% | 9.9% | Iraq |
| 2020s | 34.9% | 32.8% | 2.1% | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil rents, Iraq or Libya?
- Libya, at 56.4% against 42.8% in Iraq as of 2021.
- What is the difference in oil rents between Iraq and Libya?
- 13.6%, with Libya ahead.
- How many years of comparable data are there for Iraq and Libya?
- 29 years are reported by both, from 1990 to 2021.
- How do Iraq and Libya rank globally for oil rents?
- Iraq ranks 2nd and Libya ranks 1st 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.