Oil rents in Albania
Albania: Oil rents was 1.0% in 2021. ◆ Volatile
Oil rents in Albania, 1984–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2021, oil rents in Albania stood at 1.0%.
The figure is up 79.0% on the previous year and down 57.5% over ten years.
Over the whole period, oil rents in Albania peaked at 5.8% in 1984 and was at its lowest, 0.2%, in 1998.
That places Albania 46th out of 201 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Albania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 5.8% | — |
| 1985 | 5.4% | -7.6% |
| 1986 | 1.9% | -63.6% |
| 1987 | 3.1% | +59.2% |
| 1988 | 2.4% | -23.4% |
| 1989 | 3.3% | +40.7% |
| 1990 | 4.8% | +44.8% |
| 1991 | 3.6% | -25.3% |
| 1992 | 4.7% | +29.3% |
| 1993 | 2.6% | -43.4% |
| 1994 | 1.5% | -42.5% |
| 1995 | 1.2% | -23.8% |
| 1996 | 1.2% | +0.1% |
| 1997 | 1.1% | -6.2% |
| 1998 | 0.2% | -78.5% |
| 1999 | 0.5% | +111.9% |
| 2000 | 1.1% | +116.6% |
| 2001 | 0.7% | -34.7% |
| 2002 | 0.7% | -1.8% |
| 2003 | 0.7% | +0.8% |
| 2004 | 0.8% | +14.5% |
| 2005 | 1.0% | +28.7% |
| 2006 | 1.2% | +16.8% |
| 2007 | 1.2% | +4.8% |
| 2008 | 1.6% | +28.4% |
| 2009 | 0.9% | -42.4% |
| 2010 | 1.3% | +41.8% |
| 2011 | 2.5% | +87.5% |
| 2012 | 2.9% | +16.8% |
| 2013 | 3.0% | +5.8% |
| 2014 | 3.1% | +2.9% |
| 2015 | 1.5% | -53.5% |
| 2016 | 0.9% | -39.1% |
| 2017 | 1.1% | +27.3% |
| 2018 | 1.5% | +30.5% |
| 2019 | 1.4% | -3.1% |
| 2020 | 0.6% | -59.1% |
| 2021 | 1.0% | +79.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.7% | 1.9% | 5.8% | 6 |
| 1990s | 2.1% | 0.2% | 4.8% | 10 |
| 2000s | 1.0% | 0.7% | 1.6% | 10 |
| 2010s | 1.9% | 0.9% | 3.1% | 10 |
| 2020s | 0.8% | 0.6% | 1.0% | 2 |
Countries ranked near Albania
More energy & mining data for Albania
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 4.97 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 8.6% (2024)
Frequently asked questions
- What is oil rents in Albania?
- Oil rents in Albania was 1.0% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Albania?
- The highest recorded value was 5.8% in 1984.
- What is the lowest oil rents recorded in Albania?
- The lowest recorded value was 0.2% in 1998.
- How does Albania rank for oil rents?
- Albania ranks 46th out of 201 countries with data for 2021.
- Is oil rents rising or falling in Albania?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.