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.

The average for 2021 based on 181 countries was 2.69 percent. The highest value was in Libya: 56.38 percent and the lowest value was in Antigua and Barbuda: 0 percent. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.

As of 2019, over ** percent of Kuwait's GDP was generated from oil rents. At the same time, **** percent of Bahrain's GDP was generated by oil rents. The average share of GDP generated from oil rents in the Middle East and North African region was ** percent. Global oil production The worldwide production of oil has been increasing steadily over the past few years. By the end of 2019, oil production had reached nearly *** billion metric tons. Among the leading oil-producing countries, two Gulf Cooperation Council (GCC) countries, Saudi Arabia and Kuwait, had ranked third and tenth, respectively. About Kuwait’s GDP In Kuwait, the gross domestic product (GDP) from oil and gas extraction and services was forecasted to be approximately ** billion Kuwaiti dinars in 2019. In the same year, it was also predicted that Kuwait's GDP growth would reach above four percent.

GDP Growth Oil Sector in Saudi Arabia increased to 3.80 percent in the second quarter of 2025 from -0.50 percent in the first quarter of 2025. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

As of 2020, Libya had the highest oil revenues as a share of Gross Domestic Product (GDP) in Africa. Revenues corresponded to nearly 53 percent of the country's GDP in that year. On the continent, Gabon and Chad followed with revenues from the oil sector reaching around 37 percent and 31 percent of the GDP, respectively.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASNGSP) from 1997 to 2024 about extraction, mining, oil, gas, GSP, private industries, private, industry, GDP, and USA.

Mexico: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 2.07 percent, an increase from 0.87 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Mexico from 1970 to 2021 is 4.02 percent. The minimum value, 0.2 percent, was reached in 1970 while the maximum of 11.73 percent was recorded in 1983.

As of 2023, the share of non-oil exports contribution to the total GDP in Saudi Arabia stood at ** percent. This was the same as its original base. As part of its Vision 2030 goal, the country aims to increase non-oil exports contribution to ** percent of the total GDP by the end of the decade.

Oil revenues are forecast to make up 9.5 percent of Guyana's GDP in 2025, with export values expected to reach 17.6 billion U.S. dollars. The South American country is among the fastest-growing oil producers. In 2023, oil production in Guyana averaged close to 400,000 barrels per day.

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.

This dataset provides values for OIL RENTS PERCENT OF GDP WB DATA.HTML reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for OIL RENTS PERCENT OF GDP WB DATA.HTML reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Before the coronavirus (COVID-19) pandemic, Nigeria's oil sector generally accounted for about nine percent of the country's gross domestic product (GDP). Between October and December 2020, the oil industry contributed to 5.9 percent to the total real GDP, a decrease of roughly three percentage points compared to the previous quarter. In the third quarter of 2024, the contribution of the oil sector to the country's GDP reached 5.57 percent. Impact of the pandemic on the oil sector In 2023, over 91 percent of the value of exports in Nigeria was generated by the mineral fuels, oils, and distillation products' sector, accounting for approximately 60 billion U.S. dollars. In 2019, due to the lower demand related to the COVID-19 pandemic, oil production and export dropped. Data for 2021 shows, indeed, a recovery in the export value derived from oil. Fluctuating oil production Nigeria is one of the largest oil producers in the world. At the beginning of 2020, Nigeria’s daily oil production exceeded two million barrels. Afterwards, the production fluctuated but mainly decreased, reaching 1.54 million barrels per day in January 2025. The lowest production volume since September 2019 was achieved in July 2023.

The USA: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 0.61 percent, an increase from 0.19 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for the USA from 1970 to 2021 is 0.64 percent. The minimum value, 0.01 percent, was reached in 2015 while the maximum of 3.15 percent was recorded in 1980.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in Texas (TXOILGASNGSP) from 1997 to 2024 about extraction, mining, oil, gas, GSP, private industries, TX, private, industry, GDP, and USA.

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.

The largest contribution to the non-oil gross domestic product (GDP) of Saudi Arabia in 2019 was government services at about **** percent. There were sustained investments in the health sector improving key health indicators in the country prior to the COVID-19 pandemic.

This map shows the relationship between natural resources and oil extraction Gross Domestic Product (GDP) in the US by counties, states, regions, and nationwide. Natural resources and oil is defined by the North American Industry Classification System NAICS) 11, 21. Includes agriculture, forestry, fishing and hunting; and mining, quarrying, and oil and gas extraction.GDP is the value of goods and services produced within a county. The underlying Living Atlas layer contains 2019 Gross Domestic Product (GDP) estimates from the Bureau of Economic Analysis (BEA) for the nation, regions, states, and counties. Breakdowns by industry available, using North American Industry Classification System (NAICS) groups. Table CAGDP2, downloaded ‎February ‎2, ‎2021.https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas Null values are either due to the data being unavailable, or not shown to avoid disclosure of confidential information (in these cases, estimates are included in higher-level totals).The percentages of the next highest geography level's GDP are also available, i.e. regions have percentages for nation's GDP, states have percentages of their region's GDP, and counties have percentages of their state's GDP. If the GPD estimate is unavailable, so is the percentage. If a percentage of state is listed as 0.0 but there is a value for GDP, then this value is <0.1, which rounds to zero. Percentages may not add up to 100 due to rounding and null values.Combined Counties:Kalawao County, Hawaii is combined with Maui County. Separate estimates for the jurisdictions making up the combination areas are not available.Virginia combination areas consist of one or two independent cities with 1980 populations of less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination area are not available. Bedford County, VA includes the independent city of Bedford for all years.Boundaries used to create regions and counties:Boundaries for this layer were created using the Dissolve geoprocessing tool in Pro and the regional and combined county definitions from BEA.

Brazil: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 2.6 percent, an increase from 1.08 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Brazil from 1970 to 2021 is 1.07 percent. The minimum value, 0.06 percent, was reached in 1970 while the maximum of 2.6 percent was recorded in 2021.

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.