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Which Country Benefits the Most from Oil Extraction?

Oil Rents (As % of GDP) (%), 2017 or latest

Oil & Gas | May 17, 2019

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Based on a comparison of 103 countries in 2017, Iraq ranked the highest in oil rents as a percentage of GDP with 37.8% followed by Libya and Congo. On the other end of the scale was Ireland with < 0.001%, Slovenia with < 0.001% and Jordan with < 0.001%.

Average oil rents as a percentage of GDP reached 1.11% in 2017 in the World according to EIA. This is 26.8 % more than in the previous year and -105 % less than 10 years ago.

Historically, average oil rents as a percentage of GDP reached an all time high of 4.52% in 1980 and an all time low of 0.459% in 1970. The average annual growth amounted to 1.89 % since 1970.

Data for more countries are available at Oil Rents (As % of GDP) indicator page.

Oil Rents (As % of GDP)	Unit	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017
Angola	%															39.4%	35.2%	30.0%	23.0%	10.3%
Azerbaijan	%															31.8%	27.8%	23.7%	20.5%	12.0%
Chad	%	...	...	...	...	...	...									27.0%	24.3%	18.5%	15.9%	7.56%
Congo	%															55.2%	51.8%	40.3%	35.3%	18.2%
East Timor	%	...	...	...	...	...	...	...		...	...					41.9%	32.7%	35.5%	40.8%	17.4%
Equatorial Guinea	%					...	...	...	...							35.1%	36.8%	30.8%	25.7%	13.5%
Gabon	%															36.2%	35.5%	30.0%	24.3%	9.98%
Iran	%															24.7%	20.2%	22.9%	22.4%	12.8%
Iraq	%	...	...	...	...	...	...	...								50.8%	48.4%	45.3%	45.3%	34.9%
Kuwait	%															61.2%	61.1%	57.4%	54.3%	37.1%
Libya	%															44.4%	60.8%	50.8%	39.4%	26.0%
Oman	%															46.2%	42.8%	40.9%	35.9%	21.2%
Qatar	%															32.7%	29.1%	26.5%	23.0%	13.8%
Saudi Arabia	%															49.3%	47.2%	44.2%	40.0%	23.3%
South Sudan	%	...	...	...	...	...	...	...	...	...	...	...				48.3%	5.70%	20.7%	22.3%	9.41%		...

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