Oil revenue as share of GDP in Africa 2020, by country

Published by
Saifaddin Galal,
Apr 28, 2023
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.

Oil revenue as a share of Gross Domestic Product (GDP) of main oil producing countries in Africa in 2020

CharacteristicShare of GDP
Libya 52.6%
Gabon 36.7%
Chad 30.66%
Angola 29.9%
Algeria 24.59%
Congo 21.27%
Nigeria 13.87%
Ghana 10.8%
Egypt 7.06%
Showing entries 1 to 9 (9 entries in total)
Created with Highcharts 7.2.2Share of GDP52.6%52.6%36.7%36.7%30.66%30.66%29.9%29.9%24.59%24.59%21.27%21.27%13.87%13.87%10.8%10.8%7.06%7.06%LibyaGabonChadAngolaAlgeriaCongoNigeriaGhanaEgypt
0%2.5%5%7.5%10%12.5%15%17.5%20%22.5%25%27.5%30%32.5%35%37.5%40%42.5%45%47.5%50%52.5%55%57.5%60%

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Release date

April 2021

Region

Africa

Survey time period

2020

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