Which Country Benefits the Most from Oil Extraction?

Oil Rents (As % of GDP) (%), 2018 or latest
Oil & Gas | December 31, 2020
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Based on a comparison of 104 countries in 2018, Congo ranked the highest in oil rents as a percentage of GDP with 50.0% followed by Iraq and Kuwait. 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 1.45% in 2018 in the World according to EIA. This is 24.4 % more than in the previous year and -101 % 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 0.460% in 1970. The average annual growth amounted to 2.42 % since 1970.

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

Oil Rents (As % of GDP) Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Angola % 35.2% 30.1% 23.0% 10.3% 10.2%
Azerbaijan % 27.8% 23.7% 20.5% 12.0% 13.2%
Chad % ... ... ... ... ... 24.3% 18.5% 15.9% 7.55% 6.78%
Congo % 51.8% 40.3% 35.3% 18.4% 15.2%
East Timor % ... ... ... ... ... ... ... ... 32.7% 35.5% 40.8% 17.4% 21.4%
Equatorial Guinea % ... ... ... ... 36.8% 30.8% 25.6% 13.5% 12.1%
Gabon % 35.5% 30.0% 24.3% 9.97% 9.00%
Iraq % ... ... ... ... ... ... 48.4% 45.4% 45.4% 34.8% 30.5%
Kuwait % 61.0% 57.4% 54.4% 37.2% 32.1%
Libya % 60.8% 50.8% 39.4% 26.0% 21.0%
Oman % 42.8% 40.9% 35.9% 21.4% 18.3%
Qatar % 29.1% 26.5% 23.0% 13.8% 11.8%
Saudi Arabia % 47.2% 44.2% 40.0% 23.3% 19.4%
South Sudan % ... ... ... ... ... ... ... ... ... ... 5.38% 16.8% 24.1% 8.55% 31.3% ... ...
United Arab Emirates % 28.5% 25.8% 23.0% 13.1% 10.8%