Argentina vs Australia: Oil reserves
Argentina
394.72 million cubic meters
in 2021
Australia
388.88 million cubic meters
in 2021
Argentina rank
33rd
Australia rank
35th
Oil reserves over time
- Argentina
- Australia
How they compare
Argentina currently reports 394.72 million cubic meters against 388.88 million cubic meters in Australia, a difference of 5.83 million cubic meters.
The two have swapped places 10 times across 42 shared years of data; in 1980 it was Argentina ahead.
Argentina ranks 33rd and Australia ranks 35th of 215 countries.
Across the 5 decades both report, Argentina averaged higher in 4 and Australia in 1.
Head to head by decade
| Decade | Argentina | Australia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 379.97 million cubic meters | 276.08 million cubic meters | 103.90 million cubic meters | Argentina |
| 1990s | 338.77 million cubic meters | 283.30 million cubic meters | 55.47 million cubic meters | Argentina |
| 2000s | 431.86 million cubic meters | 378.55 million cubic meters | 53.31 million cubic meters | Argentina |
| 2010s | 385.58 million cubic meters | 318.41 million cubic meters | 67.17 million cubic meters | Argentina |
| 2020s | 387.26 million cubic meters | 388.88 million cubic meters | 1.63 million cubic meters | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil reserves, Argentina or Australia?
- Argentina, at 394.72 million cubic meters against 388.88 million cubic meters in Australia as of 2021.
- What is the difference in oil reserves between Argentina and Australia?
- 5.83 million cubic meters, with Argentina ahead.
- How many years of comparable data are there for Argentina and Australia?
- 42 years are reported by both, from 1980 to 2021.
- How do Argentina and Australia rank globally for oil reserves?
- Argentina ranks 33rd and Australia ranks 35th of 215 countries.
- Where does this data come from?
- U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as Oil reserves. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.