Which Country Benefits the Most from Oil Extraction?

Oil Rents (As % of GDP) (%), 2021 or latest
Oil & Gas | September 1, 2025
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Based on a comparison of 120 countries in 2021, Libya ranked the highest in oil rents as a percentage of GDP with 56.4% followed by Iraq and Congo. On the other end of the scale was Slovenia with < 0.001%, El Salvador with < 0.001% and Spain with < 0.001%.

Average oil rents as a percentage of GDP reached 1.35% in 2021 in the World according to EIA. This is 48.1 % more than in the previous year and -106 % less than 10 years ago.

Historically, average oil rents as a percentage of GDP reached an all time high of 4.67% in 1980 and an all time low of 0.369% in 1970. The average annual growth amounted to 2.58 % since 1970.

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

Oil Rents (As % of GDP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Angola % 12.7% 19.7% 24.7% 30.7% 27.5%
Azerbaijan % 12.1% 12.8% 17.1% 24.2% 20.5%
Chad % ... ... 6.30% 6.60% 10.3% 16.6% 15.6%
Congo % 12.3% 12.8% 25.0% 38.2% 35.9%
Equatorial Guinea % ... ... 12.6% 11.7% 16.1% 20.3% 18.8%
Gabon % 9.99% 9.02% 14.4% 18.3% 16.7%
Guyana % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.085%
Iran % 12.3% 10.9% 14.6% 27.7% 20.1%
Iraq % 37.3% 33.0% 38.9% 45.8% 40.2%
Kuwait % 36.4% 31.7% 36.0% 44.0% 38.7% ...
Libya % 14.4% 10.8% 20.9% 30.0% 32.8%
Oman % 18.9% 16.3% 19.3% 23.7% 21.6%
Qatar % 13.0% 11.2% 13.5% 16.3% 14.5%
Saudi Arabia % 24.0% 20.0% 23.6% 28.1% 24.3%
United Arab Emirates % 13.1% 11.1% 13.5% 17.1% 15.7%

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