23/5/16: Oil Exporting Countries: Sovereign Risk Metrics

Credit Suisse on fiscal woes of oil exporters:

As a reminder, here are projected 2016 sovereign debt levels across the main oil exporting countries:

Source: IMF

Followed by gross deficits:

Source: IMF

And adding current account balances:

Source: IMF

Now, the list of main oil exporters via http://www.worldstopexports.com/worlds-top-oil-exports-country/ in 2015:

1. Saudi Arabia: US$133.3 billion (17% of total crude oil exports)
2. Russia: $86.2 billion (11%)
3. Iraq: $52.2 billion (6.6%)
4. United Arab Emirates: $51.2 billion (6.5%)
5. Canada: $50.2 billion (6.4%)
6. Nigeria: $38 billion (4.8%)
7. Kuwait: $34.1 billion (4.3%)
8. Angola: $32.6 billion (4.1%)
9. Venezuela: $27.8 billion (3.5%)
10. Kazakhstan: $26.2 billion (3.3%)
11. Norway: $25.7 billion (3.3%)
12. Iran: $20.5 billion (2.6%)
13. Mexico: $18.8 billion (2.4%)
14. Oman: $17.4 billion (2.2%)
15. United Kingdom: $16 billion (2%)

Taking out advanced economies and using the data plotted in three charts above, here are the rankings of each oil exporting country in terms of their sovereign risks (the lower the score, the lower is the risk):