Canada vs Venezuela: Oil reserves
Oil reserves over time
- Canada
- Venezuela
How they compare
Venezuela currently reports 48.30 billion cubic meters against 27.08 billion cubic meters in Canada, a difference of 21.23 billion cubic meters.
That makes Venezuela's figure about 1.8 times Canada's.
The two have swapped places 2 times across 42 shared years of data; in 1980 it was Venezuela ahead.
Canada ranks 4th and Venezuela ranks 1st of 215 countries.
Across the 5 decades both report, Canada averaged higher in 1 and Venezuela in 4.
Head to head by decade
| Decade | Canada | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.09 billion cubic meters | 4.66 billion cubic meters | 3.58 billion cubic meters | Venezuela |
| 1990s | 834.55 million cubic meters | 10.19 billion cubic meters | 9.35 billion cubic meters | Venezuela |
| 2000s | 20.14 billion cubic meters | 12.82 billion cubic meters | 7.33 billion cubic meters | Canada |
| 2010s | 27.37 billion cubic meters | 41.67 billion cubic meters | 14.31 billion cubic meters | Venezuela |
| 2020s | 27.04 billion cubic meters | 48.22 billion cubic meters | 21.18 billion cubic meters | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil reserves, Canada or Venezuela?
- Venezuela, at 48.30 billion cubic meters against 27.08 billion cubic meters in Canada as of 2021.
- What is the difference in oil reserves between Canada and Venezuela?
- 21.23 billion cubic meters, with Venezuela ahead.
- How many years of comparable data are there for Canada and Venezuela?
- 42 years are reported by both, from 1980 to 2021.
- How do Canada and Venezuela rank globally for oil reserves?
- Canada ranks 4th and Venezuela ranks 1st 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.