The observations in the article comparing economic development potentials are not entirely my own; parts came from an article I read in Oil and Gas I think but could not find it on the web to reference it here. I have recreated something close to a table in the article to give the reader some factual basis.
|
Country |
Proven Reserves in millions of metric tons, 2003 |
Oil Exports million barrels per day, 2001 |
Oil Exports billions of dollars per year, 2001 |
Population in millions, 2001 |
GDP per capita, 2001 |
Income from oil per capital, 2001 |
Higher education ratio |
|
Algeria |
1,424.9 |
1.27 |
13.69 |
30.1 |
$1,624 |
$454 |
15% |
|
Egypt |
508.5 |
0.235 |
2.54 |
66.1 |
$1,263 |
$38 |
38% |
|
Indonesia |
613.4 |
0.81 |
8.75 |
228.4 |
$1,035 |
$38 |
15% |
|
Libya |
4,687.5 |
1.17 |
12.68 |
5.2 |
No Data |
$2,438 |
56% |
|
Nigeria |
4,635.5 |
2.21 |
23.85 |
126.6 |
$256 |
$188 |
No Data |
|
Venezuela |
11,239.2 |
3.06 |
33.1 |
23.9 |
$3,329 |
$1,384 |
29% |
|
Iraq |
15,519.6 |
1.93 |
20.9 |
23.3 |
No Data* |
$895 |
13% |
|
Iran |
17,951.9 |
2.69 |
29.1 |
67.1 |
$1,723 |
$434 |
20% |
|
Kuwait |
13,292.0 |
1.88 |
20.3 |
2.3 |
$11,991 |
$8,837 |
21% |
|
Saudi Arabia |
36,089.3 |
7.42 |
80.1 |
22.8 |
$7,697 |
$3,513 |
22% |
|
Brazil |
1,456.3 |
0.26 |
2.8 |
174.0 |
$4,628 |
$16 |
14% |
|
Norway |
1,350.2 |
3.31 |
35.7 |
4.5 |
$39,885 |
$7,933 |
65% |
Conversion, 1 metric ton = 7.33 barrels of oil at a specific gravity of 33 API
Price per barrel of oil is assumed at $30
Source – World Resources Institute - http://earthtrends.wri.org/
* Iraq per capita GDP $4219 in 1979 down to $485 in 1993 - http://www.casi.org.uk/info/alnasrawi9905.html