Enjoying Low Oil Prices? These Countries Aren't.


by SavvyRoo on Feb 6, 2016 | Views: 54 | Score: 0
Estimated oil exports as a percent of GDP in 2018
Brunei60.3
Kuwait46.5
Libya43.8
Republic of Congo42.2
Saudi Arabia32
Singapore31.5
Algeria25.3
Kazakhstan18.9
Belarus13.9
Ivory Coast11.7
% of GDP
Share:
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
URL:
Embed in your web page: (Preview)
Link:

Download image:

VOTE:
VOICE:
Please sign up or log in to comment
SavvyRoo
SavvyRoo on Feb 6, 2016 11:13 AM said:

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.