Oil reserves, per unit of GDP by country
Oil reserves divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Countries reporting
97
Highest
0.8532 cubic meters per US$ of GDP
Venezuela, Bolivarian Republic of
Lowest
0 cubic meters per US$ of GDP
Ethiopia
Median
0.0005 cubic meters per US$ of GDP
Years covered
42
1980–2021
Data points
7,375
What the numbers show
Oil reserves, per unit of GDP is currently reported for 97 countries. The highest value is 0.8532 cubic meters per US$ of GDP in Venezuela, Bolivarian Republic of; the lowest is 0 cubic meters per US$ of GDP in Ethiopia.
The median across all reporting countries is 0.0005 cubic meters per US$ of GDP, and the mean is 0.0186 cubic meters per US$ of GDP.
Over the past decade 38 countries rose and 58 fell. The largest increase was in Venezuela, Bolivarian Republic of (up 704.2%), and the largest decrease in Mauritania (down 85.3%).
Oil reserves, per unit of GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Venezuela, Bolivarian Republic of | 0.8532 cubic meters per US$ of GDP | 2021 | up 704.2% | volatile |
| 2 | Libya | 0.2183 cubic meters per US$ of GDP | 2021 | up 42.5% | rising |
| 3 | Iraq | 0.11 cubic meters per US$ of GDP | 2021 | up 11.7% | volatile |
| 4 | Kuwait | 0.1088 cubic meters per US$ of GDP | 2021 | up 3.8% | volatile |
| 5 | Iran, Islamic Republic of | 0.0814 cubic meters per US$ of GDP | 2021 | up 135.1% | falling |
| 6 | Saudi Arabia | 0.0418 cubic meters per US$ of GDP | 2021 | down 32.3% | volatile |
| 7 | United Arab Emirates | 0.0368 cubic meters per US$ of GDP | 2021 | down 12.7% | volatile |
| 8 | Congo | 0.0309 cubic meters per US$ of GDP | 2021 | up 52.2% | falling |
| 9 | Syrian Arab Republic | 0.0267 cubic meters per US$ of GDP | 2021 | up 353.5% | falling |
| 10 | Kazakhstan | 0.0242 cubic meters per US$ of GDP | 2021 | down 2.3% | falling |
| 11 | Sudan | 0.0232 cubic meters per US$ of GDP | 2021 | up 60.7% | volatile |
| 12 | Qatar | 0.0223 cubic meters per US$ of GDP | 2021 | down 7.2% | volatile |
| 13 | Yemen | 0.0221 cubic meters per US$ of GDP | 2018 | up 24.6% | volatile |
| 14 | Azerbaijan | 0.0203 cubic meters per US$ of GDP | 2021 | up 20.3% | volatile |
| 15 | Gabon | 0.0164 cubic meters per US$ of GDP | 2021 | down 6.3% | volatile |
| 16 | Angola | 0.0158 cubic meters per US$ of GDP | 2021 | up 31.4% | volatile |
| 17 | Equatorial Guinea | 0.0143 cubic meters per US$ of GDP | 2021 | up 74.8% | volatile |
| 18 | Chad | 0.0141 cubic meters per US$ of GDP | 2021 | down 1.1% | falling |
| 19 | Canada | 0.0134 cubic meters per US$ of GDP | 2021 | down 13.8% | volatile |
| 20 | Brunei Darussalam | 0.0125 cubic meters per US$ of GDP | 2021 | up 32.3% | falling |
| 21 | Ecuador | 0.0123 cubic meters per US$ of GDP | 2021 | down 6.3% | flat |
| 22 | Algeria | 0.0104 cubic meters per US$ of GDP | 2021 | up 17.2% | falling |
| 23 | Uganda | 0.0098 cubic meters per US$ of GDP | 2021 | up 71.9% | volatile |
| 24 | Oman | 0.0098 cubic meters per US$ of GDP | 2021 | down 13.3% | volatile |
| 25 | Nigeria | 0.0096 cubic meters per US$ of GDP | 2021 | down 32.5% | volatile |
| 26 | Russian Federation | 0.007 cubic meters per US$ of GDP | 2021 | up 49.1% | volatile |
| 27 | Suriname | 0.0046 cubic meters per US$ of GDP | 2021 | up 60.5% | volatile |
| 28 | Turkmenistan | 0.0036 cubic meters per US$ of GDP | 2021 | up 11.0% | volatile |
| 29 | Norway | 0.0025 cubic meters per US$ of GDP | 2021 | up 40.9% | volatile |
| 30 | Viet Nam | 0.0019 cubic meters per US$ of GDP | 2021 | up 245.4% | volatile |
| 31 | Niger | 0.0016 cubic meters per US$ of GDP | 2021 | — | volatile |
| 32 | Trinidad and Tobago | 0.0016 cubic meters per US$ of GDP | 2021 | down 65.0% | volatile |
| 33 | Malaysia | 0.0015 cubic meters per US$ of GDP | 2021 | down 28.3% | volatile |
| 34 | Tunisia | 0.0014 cubic meters per US$ of GDP | 2021 | up 2.2% | volatile |
| 35 | Albania | 0.0013 cubic meters per US$ of GDP | 2021 | down 45.8% | volatile |
| 36 | Ghana | 0.0013 cubic meters per US$ of GDP | 2021 | down 50.5% | volatile |
| 37 | Egypt | 0.0012 cubic meters per US$ of GDP | 2021 | down 58.3% | volatile |
| 38 | Brazil | 0.0012 cubic meters per US$ of GDP | 2021 | up 54.9% | rising |
| 39 | Uzbekistan | 0.0012 cubic meters per US$ of GDP | 2021 | down 17.0% | volatile |
| 40 | Colombia | 0.001 cubic meters per US$ of GDP | 2021 | up 12.7% | volatile |
| 41 | Papua New Guinea | 0.001 cubic meters per US$ of GDP | 2021 | up 25.0% | volatile |
| 42 | Argentina | 0.0008 cubic meters per US$ of GDP | 2021 | up 8.0% | volatile |
| 43 | Bolivia, Plurinational State of | 0.0008 cubic meters per US$ of GDP | 2021 | down 74.1% | volatile |
| 44 | Bahrain | 0.0007 cubic meters per US$ of GDP | 2021 | up 9.7% | volatile |
| 45 | Cameroon | 0.0007 cubic meters per US$ of GDP | 2021 | down 31.9% | volatile |
| 46 | Mexico | 0.0007 cubic meters per US$ of GDP | 2021 | down 48.2% | volatile |
| 47 | Kyrgyzstan | 0.0007 cubic meters per US$ of GDP | 2021 | down 33.0% | volatile |
| 48 | Peru | 0.0006 cubic meters per US$ of GDP | 2021 | up 22.3% | volatile |
| 49 | Congo, Democratic Republic of the | 0.0005 cubic meters per US$ of GDP | 2021 | down 55.3% | volatile |
| 50 | Belarus | 0.0005 cubic meters per US$ of GDP | 2021 | down 11.4% | volatile |
| 51 | Belize | 0.0004 cubic meters per US$ of GDP | 2021 | down 24.6% | falling |
| 52 | United States of America | 0.0004 cubic meters per US$ of GDP | 2020 | up 48.6% | volatile |
| 53 | Mauritania | 0.0003 cubic meters per US$ of GDP | 2021 | down 85.3% | volatile |
| 54 | Romania | 0.0003 cubic meters per US$ of GDP | 2021 | down 32.4% | volatile |
| 55 | Myanmar | 0.0003 cubic meters per US$ of GDP | 2021 | up 151.3% | volatile |
| 56 | Indonesia | 0.0003 cubic meters per US$ of GDP | 2021 | down 53.2% | volatile |
| 57 | Ukraine | 0.0003 cubic meters per US$ of GDP | 2021 | down 15.2% | volatile |
| 58 | Georgia | 0.0003 cubic meters per US$ of GDP | 2021 | down 17.9% | volatile |
| 59 | Australia | 0.0002 cubic meters per US$ of GDP | 2021 | down 33.7% | volatile |
| 60 | Pakistan | 0.0002 cubic meters per US$ of GDP | 2021 | up 14.1% | volatile |
| 61 | India | 0.0002 cubic meters per US$ of GDP | 2021 | down 53.4% | volatile |
| 62 | China | 0.0002 cubic meters per US$ of GDP | 2021 | down 46.1% | volatile |
| 63 | Côte d'Ivoire | 0.0002 cubic meters per US$ of GDP | 2021 | down 49.6% | volatile |
| 64 | Tajikistan | 0.0002 cubic meters per US$ of GDP | 2021 | down 27.0% | volatile |
| 65 | Serbia | 0.0002 cubic meters per US$ of GDP | 2021 | down 22.5% | falling |
| 66 | Cuba | 0.0002 cubic meters per US$ of GDP | 2020 | down 44.5% | volatile |
| 67 | Denmark | 0.0002 cubic meters per US$ of GDP | 2021 | down 54.0% | falling |
| 68 | Croatia | 0.0002 cubic meters per US$ of GDP | 2021 | down 8.9% | volatile |
| 69 | Guatemala | 0.0002 cubic meters per US$ of GDP | 2021 | down 43.8% | volatile |
| 70 | United Kingdom of Great Britain and Northern Ireland | 0.0001 cubic meters per US$ of GDP | 2021 | down 26.7% | volatile |
| 71 | Thailand | 0.0001 cubic meters per US$ of GDP | 2021 | down 57.4% | volatile |
| 72 | Chile | 0.0001 cubic meters per US$ of GDP | 2021 | down 20.3% | volatile |
| 73 | Benin | 0.0001 cubic meters per US$ of GDP | 2021 | down 39.5% | volatile |
| 74 | Türkiye | 0.0001 cubic meters per US$ of GDP | 2021 | up 36.0% | volatile |
| 75 | Philippines | 0.0001 cubic meters per US$ of GDP | 2021 | down 40.6% | volatile |
| 76 | Barbados | 0.0001 cubic meters per US$ of GDP | 2021 | up 3.4% | volatile |
| 77 | Italy | 0 cubic meters per US$ of GDP | 2021 | up 10.6% | volatile |
| 78 | Lithuania | 0 cubic meters per US$ of GDP | 2021 | down 35.6% | volatile |
| 79 | Bulgaria | 0 cubic meters per US$ of GDP | 2021 | down 31.6% | volatile |
| 80 | Poland | 0 cubic meters per US$ of GDP | 2021 | down 10.2% | falling |
| 81 | New Zealand | 0 cubic meters per US$ of GDP | 2021 | down 75.8% | volatile |
| 82 | Netherlands | 0 cubic meters per US$ of GDP | 2021 | down 61.5% | volatile |
| 83 | Spain | 0 cubic meters per US$ of GDP | 2021 | up 1.8% | volatile |
| 84 | Slovakia | 0 cubic meters per US$ of GDP | 2021 | down 17.3% | volatile |
| 85 | Austria | 0 cubic meters per US$ of GDP | 2021 | down 37.1% | volatile |
| 86 | Bangladesh | 0 cubic meters per US$ of GDP | 2021 | down 69.1% | volatile |
| 87 | Hungary | 0 cubic meters per US$ of GDP | 2021 | down 64.8% | volatile |
| 88 | Czechia | 0 cubic meters per US$ of GDP | 2021 | down 20.5% | volatile |
| 89 | Greece | 0 cubic meters per US$ of GDP | 2021 | up 29.7% | volatile |
| 90 | South Africa | 0 cubic meters per US$ of GDP | 2021 | up 9.1% | volatile |
| 91 | Germany | 0 cubic meters per US$ of GDP | 2021 | down 63.4% | volatile |
| 92 | Israel | 0 cubic meters per US$ of GDP | 2021 | up 258.7% | rising |
| 93 | France | 0 cubic meters per US$ of GDP | 2021 | down 34.8% | volatile |
| 94 | Jordan | 0 cubic meters per US$ of GDP | 2021 | down 35.6% | volatile |
| 95 | Japan | 0 cubic meters per US$ of GDP | 2021 | up 20.2% | volatile |
| 96 | Morocco | 0 cubic meters per US$ of GDP | 2021 | down 22.5% | volatile |
| 97 | Ethiopia | 0 cubic meters per US$ of GDP | 2021 | down 70.7% | volatile |
How this figure is calculated
Oil reserves divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Oil reserves ÷ GDP (current US$)
Computed from
- Oil reserves U.S. Energy Information Administration (2022) – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
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.