Which country is the world's largest exporter of oil?

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BUSINESS QUESTION #1742

Which country is the world's largest exporter of oil?

Saudi Arabia

Explanation

Saudi Arabia is the world's largest oil exporter, exporting some 8,500,000 barrels a day. Russia comes second, with 7,000,000 barrels. 90% of export earnings in Saudi Arabia come from the oil industry, as well as roughly 75% of budget revenues. This means that in times of low oil prices, the state has struggled to maintain its welfare state.

Statistics

Answer time 0s (0s). 70% have previously answered correct on this question. The question was created 2008-11-27.