Special Report

Countries Most Dependent on Oil Trade

Methodology:

To determine the countries most dependent on the oil trade, 24/7 Tempo reviewed data on oil imports and exports from the the Observatory of Economic Complexity, an online data visualization and distribution platform. Countries were ranked based on the total value of oil imports and exports in 2020 as a percentage of their gross domestic product.

Data on GDP in 2020 is from the World Bank, estimated using the purchasing power parity method in current international dollars. Oil import and export data includes all products classified within the Harmonized System code 27, representing all mineral fuels, mineral oils, and the products of their distillation. Population data in 2020 is also from the World Bank.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.