| Estimated oil exports as a percent of GDP in 2018 | |
|---|---|
| Brunei | 60.3 |
| Kuwait | 46.5 |
| Libya | 43.8 |
| Republic of Congo | 42.2 |
| Saudi Arabia | 32 |
| Singapore | 31.5 |
| Algeria | 25.3 |
| Kazakhstan | 18.9 |
| Belarus | 13.9 |
| Ivory Coast | 11.7 |
% of GDP
Sources:
independent.co.uk
Share:
| Estimated oil exports as a percent of GDP in 2018 | |
|---|---|
| Brunei | 60.3 |
| Kuwait | 46.5 |
| Libya | 43.8 |
| Republic of Congo | 42.2 |
| Saudi Arabia | 32 |
| Singapore | 31.5 |
| Algeria | 25.3 |
| Kazakhstan | 18.9 |
| Belarus | 13.9 |
| Ivory Coast | 11.7 |
You might be noticing that the cost of filling up the tank has fallen substantially as of late. While this might feel great to have a little extra cash in our wallets, certain countries aren't as happy to see the price of oil plummet. Saudi Arabia is perhaps the highest-profile oil producing country, but it is by no means the only one. Small nations like Brunei and Kuwait rely almost entirely on the production and export of crude oil to sustain their economy. By 2018, oil exports will make up 60.3 and 46.5 percent of GDP in Brunei and Kuwait, respectively.