Norway vs Russian Federation: Oil reserves, per unit of GDP

Norway
0.0025 cubic meters per US$ of GDP
in 2021
Russian Federation
0.007 cubic meters per US$ of GDP
in 2021
Norway rank
29th
Russian Federation rank
26th

Oil reserves, per unit of GDP over time

  • Norway
  • Russian Federation
00.010.020.030.04198020002021

How they compare

Russian Federation currently reports 0.007 cubic meters per US$ of GDP against 0.0025 cubic meters per US$ of GDP in Norway, a difference of 0.0045 cubic meters per US$ of GDP.

That makes Russian Federation's figure about 2.8 times Norway's.

Across all 25 years both countries report, Russian Federation has been ahead every year.

Norway ranks 29th and Russian Federation ranks 26th of 198 countries.

Russian Federation has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Norway Russian Federation Difference Ahead
1990s 0.0109 cubic meters per US$ of GDP 0.029 cubic meters per US$ of GDP 0.0181 cubic meters per US$ of GDP Russian Federation
2000s 0.0056 cubic meters per US$ of GDP 0.0159 cubic meters per US$ of GDP 0.0103 cubic meters per US$ of GDP Russian Federation
2010s 0.0022 cubic meters per US$ of GDP 0.007 cubic meters per US$ of GDP 0.0048 cubic meters per US$ of GDP Russian Federation
2020s 0.0029 cubic meters per US$ of GDP 0.0077 cubic meters per US$ of GDP 0.0048 cubic meters per US$ of GDP Russian Federation

Averages of every year both report within each decade.

Frequently asked questions

Which has higher oil reserves, per unit of gdp, Norway or Russian Federation?
Russian Federation, at 0.007 cubic meters per US$ of GDP against 0.0025 cubic meters per US$ of GDP in Norway as of 2021.
What is the difference in oil reserves, per unit of gdp between Norway and Russian Federation?
0.0045 cubic meters per US$ of GDP, with Russian Federation ahead.
How many years of comparable data are there for Norway and Russian Federation?
25 years are reported by both, from 1997 to 2021.
How do Norway and Russian Federation rank globally for oil reserves, per unit of gdp?
Norway ranks 29th and Russian Federation ranks 26th 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.

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Norway vs Russian Federation: Oil reserves, per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 05 September 2026, from https://energy.statizoid.com/compare/oil-reserves-per-unit-of-gdp/norway/russian-federation/

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About this data

Indicator
Oil reserves, per unit of GDP
Unit
cubic meters per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
198 places, 7,375 data points, 1980–2021
Last refreshed

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.