Libya vs Venezuela: Oil reserves, per unit of GDP
Libya
0.2183 cubic meters per US$ of GDP
in 2021
Venezuela
0.8532 cubic meters per US$ of GDP
in 2021
Libya rank
2nd
Venezuela rank
1st
Oil reserves, per unit of GDP over time
- Libya
- Venezuela
How they compare
Venezuela currently reports 0.8532 cubic meters per US$ of GDP against 0.2183 cubic meters per US$ of GDP in Libya, a difference of 0.6349 cubic meters per US$ of GDP.
That makes Venezuela's figure about 3.9 times Libya's.
The two have swapped places 3 times across 42 shared years of data; in 1980 it was Libya ahead.
Libya ranks 2nd and Venezuela ranks 1st of 198 countries.
Across the 5 decades both report, Libya averaged higher in 2 and Venezuela in 3.
Head to head by decade
| Decade | Libya | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.1166 cubic meters per US$ of GDP | 0.0832 cubic meters per US$ of GDP | 0.0333 cubic meters per US$ of GDP | Libya |
| 1990s | 0.1356 cubic meters per US$ of GDP | 0.1501 cubic meters per US$ of GDP | 0.0145 cubic meters per US$ of GDP | Venezuela |
| 2000s | 0.1362 cubic meters per US$ of GDP | 0.0889 cubic meters per US$ of GDP | 0.0473 cubic meters per US$ of GDP | Libya |
| 2010s | 0.1201 cubic meters per US$ of GDP | 0.2984 cubic meters per US$ of GDP | 0.1783 cubic meters per US$ of GDP | Venezuela |
| 2020s | 0.1912 cubic meters per US$ of GDP | 0.9885 cubic meters per US$ of GDP | 0.7973 cubic meters per US$ of GDP | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher oil reserves, per unit of gdp, Libya or Venezuela?
- Venezuela, at 0.8532 cubic meters per US$ of GDP against 0.2183 cubic meters per US$ of GDP in Libya as of 2021.
- What is the difference in oil reserves, per unit of gdp between Libya and Venezuela?
- 0.6349 cubic meters per US$ of GDP, with Venezuela ahead.
- How many years of comparable data are there for Libya and Venezuela?
- 42 years are reported by both, from 1980 to 2021.
- How do Libya and Venezuela rank globally for oil reserves, per unit of gdp?
- Libya ranks 2nd and Venezuela ranks 1st of 198 countries.
- Where does this data come from?
- Statizoid (derived), published as Oil reserves, per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Oil reserves divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.