Oil reserves in Barbados
Barbados: Oil reserves was 314,477 cubic meters in 2021. ▲ Rising
Oil reserves in Barbados, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
Barbados recorded 314,477 cubic meters for oil reserves in 2021.
That represents a change of down 6.8% on the previous year and up 10.6% over ten years.
Over the whole period, oil reserves in Barbados peaked at 936,753 cubic meters in 1993 and was at its lowest, 63,595 cubic meters, in 1986.
That places Barbados 96th out of 216 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Oil reserves in Barbados, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 238,481 cubic meters | — |
| 1981 | 133,072 cubic meters | -44.2% |
| 1982 | 71,544 cubic meters | -46.2% |
| 1983 | 116,061 cubic meters | +62.2% |
| 1984 | 95,392 cubic meters | -17.8% |
| 1985 | 95,392 cubic meters | +0.0% |
| 1986 | 63,595 cubic meters | -33.3% |
| 1987 | 79,494 cubic meters | +25.0% |
| 1988 | 575,534 cubic meters | +624.0% |
| 1989 | 524,658 cubic meters | -8.8% |
| 1990 | 507,170 cubic meters | -3.3% |
| 1991 | 490,158 cubic meters | -3.4% |
| 1992 | 530,541 cubic meters | +8.2% |
| 1993 | 936,753 cubic meters | +76.6% |
| 1994 | 556,615 cubic meters | -40.6% |
| 1995 | 442,621 cubic meters | -20.5% |
| 1996 | 403,987 cubic meters | -8.7% |
| 1997 | 383,318 cubic meters | -5.1% |
| 1998 | 374,097 cubic meters | -2.4% |
| 1999 | 374,097 cubic meters | +0.0% |
| 2000 | 501,764 cubic meters | +34.1% |
| 2001 | 398,740 cubic meters | -20.5% |
| 2002 | 398,740 cubic meters | +0.0% |
| 2003 | 397,468 cubic meters | -0.3% |
| 2004 | 398,899 cubic meters | +0.4% |
| 2005 | 398,899 cubic meters | +0.0% |
| 2006 | 397,468 cubic meters | -0.4% |
| 2007 | 453,432 cubic meters | +14.1% |
| 2008 | 349,772 cubic meters | -22.9% |
| 2009 | 345,161 cubic meters | -1.3% |
| 2010 | 284,428 cubic meters | -17.6% |
| 2011 | 284,428 cubic meters | +0.0% |
| 2012 | 359,152 cubic meters | +26.3% |
| 2013 | 359,152 cubic meters | +0.0% |
| 2014 | 451,524 cubic meters | +25.7% |
| 2015 | 401,602 cubic meters | -11.1% |
| 2016 | 368,056 cubic meters | -8.4% |
| 2017 | 331,012 cubic meters | -10.1% |
| 2018 | 402,874 cubic meters | +21.7% |
| 2019 | 374,574 cubic meters | -7.0% |
| 2020 | 337,530 cubic meters | -9.9% |
| 2021 | 314,477 cubic meters | -6.8% |
Biggest year-on-year movements
Years where Oil reserves in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +624.0% | 79,494 cubic meters | 575,534 cubic meters |
| 1993 | +76.6% | 530,541 cubic meters | 936,753 cubic meters |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 199,322 cubic meters | 63,595 cubic meters | 575,534 cubic meters | 10 |
| 1990s | 499,936 cubic meters | 374,097 cubic meters | 936,753 cubic meters | 10 |
| 2000s | 404,034 cubic meters | 345,161 cubic meters | 501,764 cubic meters | 10 |
| 2010s | 361,680 cubic meters | 284,428 cubic meters | 451,524 cubic meters | 10 |
| 2020s | 326,004 cubic meters | 314,477 cubic meters | 337,530 cubic meters | 2 |
Countries ranked near Barbados
More energy & mining data for Barbados
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 1.22 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 22.7% (2024)
Frequently asked questions
- What is oil reserves in Barbados?
- Oil reserves in Barbados was 314,477 cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Barbados?
- The highest recorded value was 936,753 cubic meters in 1993.
- What is the lowest oil reserves recorded in Barbados?
- The lowest recorded value was 63,595 cubic meters in 1986.
- How does Barbados rank for oil reserves?
- Barbados ranks 96th out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Barbados?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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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.