chart planet
data-human interaction
This time it’s Arab countries. That’s why they’re associated with oil, they’re dependent on it.
P.S. Region is coded in color and Arabs are orange.
What: Oil rent, % of GDP
When: 2016, except Libya (2011) and Venezuela (2014)
Where: World. Top 25.
Source: WB
Apparently it’s not an Arab country. It’s Venezuela which is still poor??? Maybe Arabs are not just lucky to have this oil, maybe they’re smart enough to use it for their advantage?
What: Crude oil including lease condensate, proved reserves, billion barrels
When: 2016, because data for 2017 is not full yet
Where: World. Top 20.
Source: EIA