Oil is currently hovering at a 13-month low amid coronavirus fears, which is bad news for oil-exporting states, several of which were already presiding over a precarious fiscal outlook heading into the year.

Here’s where major oil exporters stand amid the epidemic’s ongoing economic fallout:

Angola

Angola is a prototypical petro-state. Home to Africa’s second-largest output, the country derives 95% of its export revenues and 70% of its taxes from the petroleum industry. It thus follows that a dip in global prices will inevitably send waves crashing through the wider Angolan economy.

On top of pricing worries, Angola is also saddled with waning output from a lack of foreign investment and capital expenditure. In 2010, the country was pumping some 1.9 million barrels per day (bpd); now, that number is just 1.4 million bpd.

The predictable result has been rapid debt accumulation. The country has taken on over $6 billion in foreign-denominated debt over the past two years, and has been singled out among emerging economies as particularly susceptible to a default in the near future.