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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%

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