Oil reserves in Barbados

Barbados: Oil reserves was 314,477 cubic meters in 2021. ▲ Rising

Latest (2021)
314,477 cubic meters
Change on year
down 6.8%
World rank
95th
of 215 countries
All-time high
936,753 cubic meters
in 1993
All-time low
63,595 cubic meters
in 1986
Years of data
42
1980–2021

Oil reserves in Barbados, 1980–2021

0200.0k400.0k600.0k800.0k1.0M1980200020211980: 238.5k cubic meters1981: 133.1k cubic meters1982: 71.5k cubic meters1983: 116.1k cubic meters1984: 95.4k cubic meters1985: 95.4k cubic meters1986: 63.6k cubic meters1987: 79.5k cubic meters1988: 575.5k cubic meters1989: 524.7k cubic meters1990: 507.2k cubic meters1991: 490.2k cubic meters1992: 530.5k cubic meters1993: 936.8k cubic meters1994: 556.6k cubic meters1995: 442.6k cubic meters1996: 404.0k cubic meters1997: 383.3k cubic meters1998: 374.1k cubic meters1999: 374.1k cubic meters2000: 501.8k cubic meters2001: 398.7k cubic meters2002: 398.7k cubic meters2003: 397.5k cubic meters2004: 398.9k cubic meters2005: 398.9k cubic meters2006: 397.5k cubic meters2007: 453.4k cubic meters2008: 349.8k cubic meters2009: 345.2k cubic meters2010: 284.4k cubic meters2011: 284.4k cubic meters2012: 359.2k cubic meters2013: 359.2k cubic meters2014: 451.5k cubic meters2015: 401.6k cubic meters2016: 368.1k cubic meters2017: 331.0k cubic meters2018: 402.9k cubic meters2019: 374.6k cubic meters2020: 337.5k cubic meters2021: 314.5k cubic meters

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 95th out of 215 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 92 Benin 1.27 million cubic meters compare
  2. 93 Belize 1.07 million cubic meters compare
  3. 94 Taiwan 378,390 cubic meters compare
  4. 96 Jordan 158,987 cubic meters compare
  5. 97 Morocco 108,747 cubic meters compare
  6. 98 Ethiopia 68,047 cubic meters compare

See the full ranking of 216 places →

More energy & mining data for Barbados

All data for Barbados →

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 95th out of 215 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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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Oil reserves
Unit
cubic meters
Source
U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
216 places, 8,283 data points, 1980–2021
Last refreshed

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.