Saudi Arabia: Percent of world oil production
* indicates monthly or quarterly data series
| Saudi Arabia |
Oil production percent of world total |
|---|---|
| Latest value | 11.924 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1973 - 2023 |
| Average | 13.935 |
| Min - Max | 8.083 - 25.451 |
| Source | The Global Economy |
The latest value from 2023 is 11.924 percent, a decline from 13.197 percent in 2022. In comparison, the world average is 0.526 percent, based on data from 190 countries. Historically, the average for Saudi Arabia from 1973 to 2023 is 13.935 percent. The minimum value, 8.083 percent, was reached in 1985 while the maximum of 25.451 percent was recorded in 1981.
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* indicates monthly or quarterly data series
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Definition: Oil production as percent of total world oil production.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Percent of world population | 0.46 | 2023 | percent |
| Percent of world GDP | 1.02 | 2023 | percent |
| Percent of world exports | 1.24 | 2023 | percent |
| Percent of world imports | 1.00 | 2023 | percent |
| Percent of world FDI | 1.59 | 2023 | percent |
| Percent of world oil reserves | 15.22 | 2021 | percent |
| Percent of world foreign exchange reserves | 3.160 | 2023 | percent |
| Percent of world oil production | 11.924 | 2023 | percent |
| Electricity consumption percent of world total | 1.424 | 2023 | percent |