GDP ranking of OPEC countries in 1994

According to the latest statistics released by the World Bank in 2024, among the OPEC countries in 1994, Saudi Arabia ranked first in terms of gross domestic product(GDP), with a total economic volume of $135.18 billion; Iran ranked second in terms of GDP, with a total economic volume of $71.84 billion; United Arab Emirates ranked third in terms of GDP, with a total economic volume of $59.31 billion; Venezuela ranked fourth in terms of GDP, with a total economy of $58.42 billion; and Algeria, with a total economy of $42.54 billion, ranked fifth in GDP.

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Data from the World Bank and China Bureau of Statistics.

Rank Country GDP
1 Saudi Arabia $135.18 billion
2 Iran $71.84 billion
3 United Arab Emirates $59.31 billion
4 Venezuela $58.42 billion
5 Algeria $42.54 billion
6 Nigeria $33.83 billion
7 Libya $28.61 billion
8 Kuwait $24.85 billion
9 Angola $4.44 billion
10 Gabon $4.19 billion
11 Iraq $3.99 billion
12 Republic of Congo $1.77 billion
13 Equatorial Guinea $0.1 billion

YEAR