Oil reserves, per unit of GDP in Australia
Australia: Oil reserves, per unit of GDP was 0.0002 cubic meters per US$ of GDP in 2021. ◆ Volatile
Oil reserves, per unit of GDP in Australia, 1980–2021
Source: Statizoid (derived). Measured in cubic meters per US$ of GDP.
Analysis
The most recent figure for oil reserves, per unit of gdp in Australia is 0.0002 cubic meters per US$ of GDP, measured in 2021.
Compared with earlier readings it is down 14.6% on the previous year and down 33.7% over ten years.
Over the whole period, oil reserves, per unit of gdp in Australia peaked at 0.0023 cubic meters per US$ of GDP in 1980 and was at its lowest, 0.0001 cubic meters per US$ of GDP, in 2015.
Australia ranks 59th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves, per unit of GDP in Australia, year by year
| Year | cubic meters per US$ of GDP | Change |
|---|---|---|
| 1980 | 0.0023 cubic meters per US$ of GDP | — |
| 1981 | 0.0021 cubic meters per US$ of GDP | -6.1% |
| 1982 | 0.0014 cubic meters per US$ of GDP | -34.0% |
| 1983 | 0.0015 cubic meters per US$ of GDP | +3.9% |
| 1984 | 0.0013 cubic meters per US$ of GDP | -10.4% |
| 1985 | 0.0013 cubic meters per US$ of GDP | -3.4% |
| 1986 | 0.0013 cubic meters per US$ of GDP | +0.2% |
| 1987 | 0.0014 cubic meters per US$ of GDP | +13.8% |
| 1988 | 0.0011 cubic meters per US$ of GDP | -20.7% |
| 1989 | 0.0009 cubic meters per US$ of GDP | -22.1% |
| 1990 | 0.0009 cubic meters per US$ of GDP | -3.5% |
| 1991 | 0.0008 cubic meters per US$ of GDP | -10.8% |
| 1992 | 0.0007 cubic meters per US$ of GDP | -2.6% |
| 1993 | 0.0009 cubic meters per US$ of GDP | +21.0% |
| 1994 | 0.0008 cubic meters per US$ of GDP | -11.7% |
| 1995 | 0.0007 cubic meters per US$ of GDP | -12.3% |
| 1996 | 0.0006 cubic meters per US$ of GDP | -11.4% |
| 1997 | 0.0007 cubic meters per US$ of GDP | +6.3% |
| 1998 | 0.0007 cubic meters per US$ of GDP | +9.0% |
| 1999 | 0.0012 cubic meters per US$ of GDP | +64.9% |
| 2000 | 0.0011 cubic meters per US$ of GDP | -6.4% |
| 2001 | 0.0012 cubic meters per US$ of GDP | +9.6% |
| 2002 | 0.0014 cubic meters per US$ of GDP | +16.0% |
| 2003 | 0.0012 cubic meters per US$ of GDP | -15.4% |
| 2004 | 0.0009 cubic meters per US$ of GDP | -23.9% |
| 2005 | 0.0003 cubic meters per US$ of GDP | -62.4% |
| 2006 | 0.0003 cubic meters per US$ of GDP | -10.4% |
| 2007 | 0.0003 cubic meters per US$ of GDP | -3.1% |
| 2008 | 0.0002 cubic meters per US$ of GDP | -23.7% |
| 2009 | 0.0003 cubic meters per US$ of GDP | +13.6% |
| 2010 | 0.0005 cubic meters per US$ of GDP | +78.8% |
| 2011 | 0.0004 cubic meters per US$ of GDP | -17.8% |
| 2012 | 0.0001 cubic meters per US$ of GDP | -61.2% |
| 2013 | 0.0001 cubic meters per US$ of GDP | -1.4% |
| 2014 | 0.0002 cubic meters per US$ of GDP | +7.4% |
| 2015 | 0.0001 cubic meters per US$ of GDP | -9.5% |
| 2016 | 0.0002 cubic meters per US$ of GDP | +12.0% |
| 2017 | 0.0002 cubic meters per US$ of GDP | +39.0% |
| 2018 | 0.0003 cubic meters per US$ of GDP | +24.7% |
| 2019 | 0.0003 cubic meters per US$ of GDP | +2.5% |
| 2020 | 0.0003 cubic meters per US$ of GDP | +4.9% |
| 2021 | 0.0002 cubic meters per US$ of GDP | -14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0015 cubic meters per US$ of GDP | 0.0009 cubic meters per US$ of GDP | 0.0023 cubic meters per US$ of GDP | 10 |
| 1990s | 0.0008 cubic meters per US$ of GDP | 0.0006 cubic meters per US$ of GDP | 0.0012 cubic meters per US$ of GDP | 10 |
| 2000s | 0.0007 cubic meters per US$ of GDP | 0.0002 cubic meters per US$ of GDP | 0.0014 cubic meters per US$ of GDP | 10 |
| 2010s | 0.0002 cubic meters per US$ of GDP | 0.0001 cubic meters per US$ of GDP | 0.0005 cubic meters per US$ of GDP | 10 |
| 2020s | 0.0003 cubic meters per US$ of GDP | 0.0002 cubic meters per US$ of GDP | 0.0003 cubic meters per US$ of GDP | 2 |
Countries ranked near Australia
- 56 Indonesia 0.0003 cubic meters per US$ of GDP compare
- 57 Ukraine 0.0003 cubic meters per US$ of GDP compare
- 58 Georgia 0.0003 cubic meters per US$ of GDP compare
- 60 Pakistan 0.0002 cubic meters per US$ of GDP compare
- 61 India 0.0002 cubic meters per US$ of GDP compare
- 62 China 0.0002 cubic meters per US$ of GDP compare
More energy & mining data for Australia
- Fuel imports 11.7% (2025)
- Ores and metals imports 1.9% (2025)
- Ores and metals exports 34.6% (2025)
- Gas production 1,486 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 55,080 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 1,486 terawatt-hours (2025)
- Gas production per person 55,080 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0.0001 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0.0001 terawatt-hours per person (2025)
Frequently asked questions
- What is oil reserves, per unit of gdp in Australia?
- Oil reserves, per unit of gdp in Australia was 0.0002 cubic meters per US$ of GDP in 2021, according to Statizoid (derived).
- What is the highest oil reserves, per unit of gdp recorded in Australia?
- The highest recorded value was 0.0023 cubic meters per US$ of GDP in 1980.
- What is the lowest oil reserves, per unit of gdp recorded in Australia?
- The lowest recorded value was 0.0001 cubic meters per US$ of GDP in 2015.
- How does Australia rank for oil reserves, per unit of gdp?
- Australia ranks 59th out of 198 countries with data for 2021.
- Is oil reserves, per unit of gdp rising or falling in Australia?
- Over the last ten years it is down 33.7%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Oil reserves, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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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.