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% ...