Oil and gas producing countries in the Middle East are among those with the highest reliance on oil and gas for their economic performance. In 2023, Saudi Arabia attributed **** of its GDP to oil and gas industry activity. Of the five countries with the highest oil and gas share in GDP, **** were in the Middle East. By comparison, despite being the world’s largest oil producer, the oil and gas industry in the United States accounted for only ***** percent of total GDP. The role of oil and gas in Saudi Arabia The oil and gas industry is the single most significant contributor to the economy of Saudi Arabia. The country is home to the largest conventional oil field in the world, the Ghawar Field, and oil production reaches around ************ barrels per day. Oil and gas exports are the country’s main means of income. Due to a lower domestic demand than its closest producing competitors, the U.S. and Russia, Saudi Arabia has remained the country with the highest value of oil exports. In 2023, oil exports brought in over *********** U.S. dollars. GDP growth amid a stagnating oil market Oil prices and as such oil demand are the greatest determinant for the industry’s financial contributions. In 2024, a sluggish world oil market dampened prices for most of the second half of the year. This will likely be reflected in the fiscal year performance of major oil and gas entities such as Saudi Arabia’s Saudi Aramco and also impact GDP growth projections.

Graph and download economic data for Real Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASRGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, private, real, industry, GDP, and USA.

Russia's oil and gas industry accounted for over ** percent of the country's gross domestic product (GDP) in 2024. That constituted a slight decrease compared to the previous year.

In 2024, the oil and gas extraction sector in Mexico accounted for a *** percent share of the country's gross domestic product (GDP), down from an annual contribution of *** percent in the previous year. This was the lowest figure recorded during the period in consideration, as the sector's contribution to Mexico's GDP has experienced a mostly declining tendency in recent years. Over the past decade, Mexico's crude oil production has also shown a significant decrease.

This statistic illustrates the share of fossil fuel of the gross domestic products in the Gulf Cooperation Council in 2014, by country. During 2014, fossil fuel had a share of 62.6 percent of Kuwait's GDP.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in Texas (TXOILGASNGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, TX, private, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Mining (Except Oil and Gas) (212) in the United States (USMINEXOILGASNGSP) from 1997 to 2023 about mining, GSP, private industries, private, industry, GDP, and USA.

Norway's oil industry is expected to contribute 20.5 percent to the country's GDP in 2025, highlighting its continued importance to the national economy. This figure represents a slight decline from the peak of 35.3 percent seen in 2022, which was driven by exceptional circumstances in the global energy market. Higher export values post-2022 The significance of Norway's oil and gas industry is further underscored by its dominant position in the country's export market. In 2023, petroleum products accounted for 62 percent of Norway's total goods exports by value. This represents a substantial increase from previous years, largely attributed to supply constraints and surging oil prices, as well as European efforts to reduce dependence on Russian fuel imports. The export value of petroleum reached 560 billion Norwegian kroner in 2023. Norway continues investing in future production While Norway's oil production has declined from its peak in the early 2000s, it has stabilized in recent years at around two million barrels per day. The country continues to actively explore and develop its oil and gas resources, with a record number of drilling licenses awarded in recent years. In 2023, 83 licenses were granted, the second-highest figure in the period under consideration. This ongoing investment in exploration and production suggests that Norway is committed to maintaining its position as a significant player in the global oil market, despite increasing focus on climate change mitigation.

Series Name: Fossil-fuel subsidies (consumption and production) as a proportion of total GDP (percent)Series Code: ER_FFS_CMPT_GDPRelease Version: 2021.Q2.G.03 This dataset is part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 12.c.1: Amount of fossil-fuel subsidies per unit of GDP (production and consumption)iTarget 12.c: Rationalize inefficient fossil-fuel subsidies that encourage wasteful consumption by removing market distortions, in accordance with national circumstances, including by restructuring taxation and phasing out those harmful subsidies, where they exist, to reflect their environmental impacts, taking fully into account the specific needs and conditions of developing countries and minimizing the possible adverse impacts on their development in a manner that protects the poor and the affected communitiesGoal 12: Ensure sustainable consumption and production patternsFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

GDP Growth Oil Sector in Saudi Arabia decreased to -0.45 percent in the first quarter of 2025 from 3.50 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

Graph and download economic data for Real Gross Domestic Product: Private Industries: Mining: Mining, Except Oil and Gas for United States Metropolitan Portion (RGMPMINEXOILGASUSMP) from 2001 to 2016 about metropolitan portion, mining, private industries, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Nevada (NVMINNQGSP) from Q1 2005 to Q4 2024 about NV, mining, GSP, private industries, private, industry, GDP, and USA.

Graph and download economic data for Quantity Indexes for Real GDP: Private Industries: Mining: Oil and Gas Extraction for United States Metropolitan Portion (QGMPOILGASUSMP) from 2001 to 2016 about metropolitan portion, extraction, quantity index, oil, mining, gas, private industries, private, real, industry, GDP, and USA.

GDP Growth Non Oil Sector in Norway increased to 1 percent in the first quarter of 2025 from -0.40 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Norway GDP Growth Mainland QoQ.

Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data was reported at 9.936 % in 2026. This records a decrease from the previous number of 10.293 % for 2025. Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data is updated yearly, averaging 11.165 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.129 % in 2022 and a record low of 9.936 % in 2026. Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JAA005: Foreign Trade Summary: Forecast: Ministry of Economic Development: Annual. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Graph and download economic data for Personal Consumption Expenditures: Goods: Nondurable Goods: Gasoline and Other Energy Goods (chain-type price index) (DGOERV1Q225SBEA) from Q2 1947 to Q1 2025 about chained, nondurable goods, energy, gas, PCE, consumption expenditures, consumption, personal, goods, GDP, rate, price index, indexes, price, and USA.

Egypt: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 2.05 percent, an increase from 1.27 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Egypt from 1970 to 2021 is 0.86 percent. The minimum value, 0 percent, was reached in 1973 while the maximum of 2.82 percent was recorded in 2006.

Graph and download economic data for Contributions to percent change in real private fixed investment in structures: Nonresidential: Mining exploration, shafts, and wells: Petroleum and natural gas (C319RW2A224NBEA) from 1947 to 2023 about wells, petroleum, contributions, nonresidential, fixed, mining, gas, investment, percent, private, real, GDP, and USA.

The trade balance of energy products is calculated, for each Member State, as the difference between exports and imports from the rest of the world (intra-EU and extra-EU trade) of goods included in the SITC section 3 - Mineral fuels, lubricants and related materials. The MIP indicator is expressed as percentage of GDP (according to ESA 2010 transmission programme).

Conventional oil and gas production in Canada accounts for around **** percent of the country's total GDP. Between 2010 and 2024, the conventional upstream industry's economic impact has seen a net increase of some six billion Canadian dollars.