On a serious note is there a risk of sovereign defaults from nations that rely heavily on oil exports? Here's 2018 data for heavily exposed countries

h/t @timpastoor for the idea

Lots of exposure in LatAm, Central Asia, Sub Saharan Africa, and of course the Middle East. Sovereign default szn.

Note: I'm excluding countries that didn't report a 2018 figure. There are many with poor data quality that are still highly exposed. Venezuela, Iran, Sudan, Syria

2nd note: some of these countries are heavy exporters but not producers, like Greece. take it with a grain of salt. data source here: https://data.worldbank.org/indicator/TX.VAL.FUEL.ZS.UN?locations=VE&type=shaded&view=map

decent analysis https://www.foreignaffairs.com/articles/2020-04-02/emerging-market-petrostates-are-about-melt-down