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OPEC Countries by Nominal GDP
listGDP 2025 USD bn
Saudi Arabia1083.749
United Arab Emirates548.598
Islamic Republic of Iran341.013
Algeria268.885
Iraq258.020
Qatar222.776
Nigeria188.271
Kuwait153.101
Ecuador125.677
Angola113.343
Venezuela108.511
Libya47.484
Gabon20.391
Equatorial Guinea12.684

GDP Rankings PPP (current international dollar bn)

listPPP GDP 2025 (current int. dollar bn)
Saudi Arabia2229.611
Islamic Republic of Iran1746.269
Nigeria1584.958
United Arab Emirates905.227
Algeria875.334
Iraq690.902
Angola402.155
Qatar378.083
Ecuador300.122
Kuwait260.503
Venezuela223.984
Libya123.987
Gabon57.445
Equatorial Guinea33.003

GDP Rankings (PPP) share of world total Percent

listPPP GDP 2025 Share in World Total Pct
Saudi Arabia1.078
Islamic Republic of Iran0.844
Nigeria0.766
United Arab Emirates0.438
Algeria0.423
Iraq0.334
Angola0.194
Qatar0.183
Ecuador0.145
Kuwait0.126
Venezuela0.108
Libya0.060
Gabon0.028
Equatorial Guinea0.016

GDP Rankings per capita nominal USD

listGDP Per Capita USD
Qatar71652.890
United Arab Emirates49498.384
Saudi Arabia30098.871
Kuwait29950.731
Gabon8841.712
Equatorial Guinea7750.401
Ecuador6942.100
Libya6800.756
Algeria5690.504
Iraq5668.215
Venezuela4068.087
Islamic Republic of Iran3897.301
Angola2884.268
Nigeria806.841

GDP Rankings Average per capita PPP

listGDP Per Capita PPP (current int. dollar)
Qatar104214.192
United Arab Emirates69995.344
Saudi Arabia53067.144
Kuwait43673.387
Gabon21346.077
Equatorial Guinea17281.234
Islamic Republic of Iran17103.287
Algeria15875.727
Libya15218.048
Ecuador14207.147
Iraq13007.225
Angola8770.187
Venezuela7196.279
Nigeria5821.004

Population Rankings

listCombined Population mln
Nigeria233.343
Islamic Republic of Iran87.500
Algeria47.251
Iraq45.521
Angola39.297
Saudi Arabia36.006
Venezuela26.674
Ecuador18.104
United Arab Emirates11.083
Libya6.982
Kuwait5.112
Qatar3.109
Gabon2.306
Equatorial Guinea1.637

Debt vs. GDP Rankings (Avg)

listGeneral government gross debt Percent of GDP
Gabon79.236
Angola64.523
Algeria57.798
Nigeria52.522
Iraq50.216
Qatar40.496
Islamic Republic of Iran39.933
Equatorial Guinea35.074
Saudi Arabia34.849
United Arab Emirates32.817
Kuwait7.354
Ecuador
Libya
Venezuela

OPEC

  • As of early May 2026, OPEC continues its cautious supply management with a recent decision to modestly increase output starting June, aiming to balance steady global oil demand against persistent geopolitical tensions in key producing regions. The main driver remains the ongoing efforts to stabilize prices amid inflationary pressures and emerging alternative energy competition. Key risks include uncertain demand trajectory due to potential economic slowdown in major importers and the impact of U.S. shale producers potentially filling supply gaps.
  • OPEC Monthly Oil Market Report – May 2026
  • OPEC Agrees to Modest Oil Output Increase Starting June
  • IEA Oil Market Report – April 2026
  • Bloomberg: OPEC’s Strategy Hinges on Demand Recovery Amid Inflation
  • Financial Times: OPEC Faces Challenges from U.S. Shale and Global Economy
  • The most recent OPEC meeting in April 2026 maintained current production quotas amid ongoing concerns about global economic slowdown and volatile oil demand from China and the US. The group emphasized supply discipline to stabilize prices while monitoring geopolitical tensions in the Middle East that could disrupt supply. A key uncertainty remains the pace of demand recovery in key markets and potential shifts from renewable energy policies, which could constrain OPEC's pricing power and production strategy going forward.
  • OPEC Maintains Output Quotas in April 2026 Meeting
  • OPEC April 2026 Meeting Highlights and Market Impact
  • Analysis: OPEC’s Cautious Stance Reflects Global Demand Concerns
  • Oil Market Outlook Post-OPEC April 2026 Meeting
  • In April 2026, OPEC+ agreed to modestly increase oil production quotas by 0.5 mbpd starting June, balancing signs of recovering global demand with persistent economic uncertainties from slowing growth in key markets like China and the EU. The decision reflects cautious optimism amid supply tightness and elevated prices, though risks remain from geopolitical tensions and potential demand shocks. Market participants are watching OPEC+ unity closely as compliance with output targets will be critical to avoid price volatility in H2 2026.
  • OPEC+ April 2026 Meeting Outcome
  • IEA Oil Market Report May 2026 – Supply and Demand Outlook
  • OPEC+ Agrees Output Increase, Citing Demand Recovery - Reuters April 2026
  • Analysis: OPEC+ Tightrope Walk Amid Global Economic Headwinds - Bloomberg May 2026
  • Saudi Energy Minister Remarks on OPEC+ Strategy - Official Statement April 2026
  • As of early May 2026, OPEC countries continue to navigate delicate production decisions amid volatile global oil demand influenced by economic slowdowns in key consuming regions and accelerating energy transition policies. Recent policy signals from the latest April 2026 OPEC+ meeting indicate a cautious approach towards output adjustments to stabilize prices near the $80-$90 per barrel range. Key risks include geopolitical tensions in the Middle East disrupting supply and uncertainty from escalating electric vehicle adoption potentially pressuring long-term crude demand.
  • OPEC+ April 2026 Policy Statement and Outlook
    • Algeria
    		Angola
    		Ecuador
    		Equatorial Guinea
    Gabon
    		Islamic Republic of Iran
    		Iraq
    		Kuwait
    Libya
    		Nigeria
    		Qatar
    		Saudi Arabia
    United Arab Emirates
    		Venezuela

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    GDP Rankings per capita nominal USD

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    GDP Rankings Average per capita PPP

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    GDP Growth Rankings %

    list2025 GDP Growth
    Libya17.304
    United Arab Emirates3.991
    Algeria3.496
    Nigeria3.039
    Saudi Arabia2.989
    Gabon2.774
    Qatar2.410
    Angola2.374
    Kuwait1.866
    Ecuador1.727
    Islamic Republic of Iran0.309
    Iraq-1.503
    Venezuela-4.000
    Equatorial Guinea-4.204

    Investment to GDP

    listInvestment levels to GDP
    Islamic Republic of Iran39.037
    Algeria38.142
    Angola35.593
    Gabon33.569
    Saudi Arabia31.699
    Nigeria29.133
    Equatorial Guinea28.897
    United Arab Emirates28.115
    Libya26.447
    Ecuador20.606
    Kuwait14.821
    Iraq
    Qatar
    Venezuela

    Budget Balance/GDP

    listBudget Balance/GDP
    Algeria
    Ecuador
    Equatorial Guinea
    Gabon
    Islamic Republic of Iran
    Iraq
    Kuwait
    Libya
    Nigeria
    Qatar
    Saudi Arabia
    United Arab Emirates
    Venezuela
    Angola-3.101

    Average Current Account Balance/GDP

    listCurrent Account Balance/GDP
    Kuwait22.720
    Qatar10.802
    Libya10.399
    Nigeria6.879
    United Arab Emirates6.610
    Ecuador3.423
    Gabon2.178
    Angola2.115
    Iraq1.490
    Islamic Republic of Iran0.900
    Venezuela-0.067
    Equatorial Guinea-1.712
    Algeria-3.907
    Saudi Arabia-4.015