Oil, gas, coal, and various minerals remain the main source of income for many countries. However, such economies are highly sensitive to fluctuations in global commodity prices: budget revenues, jobs, and foreign-currency inflows largely depend on this factor. This is reported by podrobno.uz.reports.
According to the latest data, Libya has the highest level of resource dependence—61% of GDP is generated specifically from resources. In countries such as Iraq, the Democratic Republic of the Congo, and Congo, more than 33% of GDP comes from natural resources.
Most resources are concentrated in the Middle East and Africa. Countries that stand out for their oil and gas reserves include Iran, Angola, Oman, Qatar, and Saudi Arabia. Zambia, Mongolia, Equatorial Guinea, and Chad are mentioned as countries with large mineral reserves and as oil exporters.
By comparison, the largest share of Uzbekistan’s economy comes from the services sector: trade, transport, communications, tourism, and other areas account for about 45–50% of GDP.
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