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.

In 2023, the total revenue of the United States’ oil and gas industry came to ************* U.S. dollars. That was a considerable decrease from the previous year, when U.S. oil and gas had revenue peaked at ************* U.S. dollars. The advent of shale oil and gas Following the financial crisis, investors in the U.S. sought to increase domestic production and reduce dependence on foreign oil and gas in turbulent international markets. Despite high start-up costs, shale gas and tight oil became economically viable to extract as the result of new methods such as hydraulic fracturing (also known as fracking). Production expanded rapidly in states with large permeable rock formations of sandstone, such as Texas and North Dakota. Surplus and instability The United States’ production of shale gas and tight oil has continued to grow significantly since 2008, leading to an oversupply by 2014. During the 2010s oil glut, output and revenue decreased as petroleum prices were destabilized worldwide. The trajectory of the gross output in the United States' oil and gas extraction industry largely precipitates the changes in total revenue, both reaching a high point in 2014 before a drastic fall the following year.

Graph and download economic data for Non-oil Revenue for General Government for Saudi Arabia (SAUGGRXOGDPXOPT) from 2000 to 2025 about non-oil, Saudi Arabia, revenue, REO, and government.

Russia Federal Government Revenue: Oil & Gas data was reported at 1,081.300 RUB bn in Mar 2025. This records an increase from the previous number of 771.300 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas data is updated monthly, averaging 519.726 RUB bn from Dec 2005 (Median) to Mar 2025, with 230 observations. The data reached an all-time high of 1,812.372 RUB bn in Apr 2022 and a record low of 164.633 RUB bn in Feb 2009. Russia Federal Government Revenue: Oil & Gas data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FB006: Federal Government Revenue and Expenditure: General.

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.

Libya: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 56.38 percent, an increase from 9.24 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Libya from 1990 to 2021 is 36.23 percent. The minimum value, 9.24 percent, was reached in 2020 while the maximum of 64.82 percent was recorded in 2008.

Graph and download economic data for Non-oil Revenue for General Government for Iraq (IRQGGRXOGDPXOPT) from 2004 to 2025 about non-oil, Iraq, revenue, REO, and government.

Saudi Arabia is the largest generator of crude oil export value for the Organization of the Petroleum Exporting Countries (OPEC). In 2024, its oil export revenues totaled 179 billion U.S. dollars, compared to Iraq’s 93 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, at over six million barrels per day. In total, the OPEC' export revenue stream reached 550 billion U.S. dollars in 2024. What is the OPEC? The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Currently, there are 12 member states, accounting for about 80 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market.

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 Non-oil Revenue for General Government for Kazakhstan (KAZGGRXOGDPXOPT) from 2000 to 2025 about non-oil, Kazakhstan, revenue, REO, and government.

OPEC's crude oil export revenue reached 550 billion U.S. dollars in 2024, a decrease from 2023. For 2025 figures are expected to fall below 500 billion U.S. dollars. OPEC stands for the Organization of Petroleum Exporting Countries and includes countries located in Africa, South America, the Middle East, and Southeast Asia. Currently, the organization has 12 member countries. OPEC share in world oil production The formation of OPEC marked a shift away from large multinational company market control to a primarily state-based control of natural resources. The supply restrictions that began in 1970 enabled a significant increase in oil prices and thus, OPEC’s revenues. OPEC's share of global oil production is approximately 36 percent. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. OPEC basket price outlook OPEC crude oil production can strongly impact global oil prices, especially during periods of war or upheaval. Prices of oil are largely affected by basic supply and demand. As of the first half of 2025, the average annual OPEC basket price was around 72 U.S. dollars per barrel. Low oil prices in 2024 and 2025 were largely due to less oil demand growth in China and concerns over U.S. trade tariffs.

Graph and download economic data for Non-oil Revenue for General Government for Oman (OMNGGRXOGDPXOPT) from 2000 to 2025 about Oman, non-oil, revenue, REO, and government.

France: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 0.01 percent, an increase from 0 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for France from 1970 to 2021 is 0.01 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 0.05 percent was recorded in 1985.

Israel: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 0.01 percent, unchanged from 0.01 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Israel from 1995 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1995 while the maximum of 0.01 percent was recorded in 2011.

Oman Government Revenue: Net Oil data was reported at 742.200 OMR mn in Sep 2018. This records an increase from the previous number of 492.500 OMR mn for Aug 2018. Oman Government Revenue: Net Oil data is updated monthly, averaging 434.800 OMR mn from Jun 2003 (Median) to Sep 2018, with 182 observations. The data reached an all-time high of 1,202.400 OMR mn in May 2012 and a record low of -152.700 OMR mn in Nov 2006. Oman Government Revenue: Net Oil data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Oman – Table OM.F001: Government Revenue and Expenditure. Net Oil Revenues are net revenues after the transfer to reserve funds.

Denmark: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 0.27 percent, an increase from 0.14 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Denmark from 1971 to 2021 is 0.52 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 1.7 percent was recorded in 2008.

Graph and download economic data for Non-oil Revenue for General Government for Kuwait (KWTGGRXOGDPXOPT) from 2004 to 2025 about Kuwait, non-oil, revenue, REO, and government.

In 2024, more than 13 billion U.S. dollars in revenues was generated from oil and gas production on federal lands in the United States. Crude oil accounted by far for the largest share, at 12.46 billion U.S. dollars.

Oman Government Revenue: Oil: Net data was reported at 4,681.800 OMR mn in 2017. This records an increase from the previous number of 3,651.200 OMR mn for 2016. Oman Government Revenue: Oil: Net data is updated yearly, averaging 2,258.450 OMR mn from Dec 1980 (Median) to 2017, with 30 observations. The data reached an all-time high of 10,429.500 OMR mn in 2013 and a record low of 831.200 OMR mn in 1980. Oman Government Revenue: Oil: Net data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Oman – Table OM.F003: Government Revenue and Expenditure: Annual . Net Oil Revenues are net revenues after the transfer to reserve funds.