Oil reserves, per unit of GDP in Norway
Norway: Oil reserves, per unit of GDP was 0.0025 cubic meters per US$ of GDP in 2021. ◆ Volatile
Oil reserves, per unit of GDP in Norway, 1980–2021
Source: Statizoid (derived). Measured in cubic meters per US$ of GDP.
Analysis
Norway recorded 0.0025 cubic meters per US$ of GDP for oil reserves, per unit of gdp in 2021.
The figure is down 27.6% on the previous year and up 40.9% over ten years.
Over the whole period, oil reserves, per unit of gdp in Norway peaked at 0.0232 cubic meters per US$ of GDP in 1988 and was at its lowest, 0.0016 cubic meters per US$ of GDP, in 2013.
Norway ranks 29th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves, per unit of GDP in Norway, year by year
| Year | cubic meters per US$ of GDP | Change |
|---|---|---|
| 1980 | 0.0142 cubic meters per US$ of GDP | — |
| 1981 | 0.0138 cubic meters per US$ of GDP | -3.2% |
| 1982 | 0.0194 cubic meters per US$ of GDP | +40.6% |
| 1983 | 0.0176 cubic meters per US$ of GDP | -9.3% |
| 1984 | 0.0197 cubic meters per US$ of GDP | +11.8% |
| 1985 | 0.0202 cubic meters per US$ of GDP | +2.8% |
| 1986 | 0.0221 cubic meters per US$ of GDP | +9.2% |
| 1987 | 0.0178 cubic meters per US$ of GDP | -19.5% |
| 1988 | 0.0232 cubic meters per US$ of GDP | +30.4% |
| 1989 | 0.0162 cubic meters per US$ of GDP | -30.0% |
| 1990 | 0.0154 cubic meters per US$ of GDP | -5.2% |
| 1991 | 0.01 cubic meters per US$ of GDP | -35.1% |
| 1992 | 0.0093 cubic meters per US$ of GDP | -6.8% |
| 1993 | 0.0117 cubic meters per US$ of GDP | +25.5% |
| 1994 | 0.0117 cubic meters per US$ of GDP | +0.0% |
| 1995 | 0.0099 cubic meters per US$ of GDP | -15.2% |
| 1996 | 0.0082 cubic meters per US$ of GDP | -16.8% |
| 1997 | 0.0112 cubic meters per US$ of GDP | +35.4% |
| 1998 | 0.0108 cubic meters per US$ of GDP | -2.9% |
| 1999 | 0.0108 cubic meters per US$ of GDP | -0.7% |
| 2000 | 0.0101 cubic meters per US$ of GDP | -6.5% |
| 2001 | 0.0087 cubic meters per US$ of GDP | -13.9% |
| 2002 | 0.0077 cubic meters per US$ of GDP | -11.1% |
| 2003 | 0.0071 cubic meters per US$ of GDP | -7.4% |
| 2004 | 0.0063 cubic meters per US$ of GDP | -12.2% |
| 2005 | 0.0043 cubic meters per US$ of GDP | -30.6% |
| 2006 | 0.0035 cubic meters per US$ of GDP | -19.3% |
| 2007 | 0.0031 cubic meters per US$ of GDP | -12.6% |
| 2008 | 0.0023 cubic meters per US$ of GDP | -24.4% |
| 2009 | 0.0027 cubic meters per US$ of GDP | +16.1% |
| 2010 | 0.0024 cubic meters per US$ of GDP | -10.1% |
| 2011 | 0.0018 cubic meters per US$ of GDP | -27.2% |
| 2012 | 0.0016 cubic meters per US$ of GDP | -8.4% |
| 2013 | 0.0016 cubic meters per US$ of GDP | -1.9% |
| 2014 | 0.0018 cubic meters per US$ of GDP | +13.7% |
| 2015 | 0.0022 cubic meters per US$ of GDP | +21.5% |
| 2016 | 0.0021 cubic meters per US$ of GDP | -2.3% |
| 2017 | 0.0025 cubic meters per US$ of GDP | +18.6% |
| 2018 | 0.0027 cubic meters per US$ of GDP | +6.7% |
| 2019 | 0.003 cubic meters per US$ of GDP | +11.7% |
| 2020 | 0.0034 cubic meters per US$ of GDP | +13.4% |
| 2021 | 0.0025 cubic meters per US$ of GDP | -27.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0184 cubic meters per US$ of GDP | 0.0138 cubic meters per US$ of GDP | 0.0232 cubic meters per US$ of GDP | 10 |
| 1990s | 0.0109 cubic meters per US$ of GDP | 0.0082 cubic meters per US$ of GDP | 0.0154 cubic meters per US$ of GDP | 10 |
| 2000s | 0.0056 cubic meters per US$ of GDP | 0.0023 cubic meters per US$ of GDP | 0.0101 cubic meters per US$ of GDP | 10 |
| 2010s | 0.0022 cubic meters per US$ of GDP | 0.0016 cubic meters per US$ of GDP | 0.003 cubic meters per US$ of GDP | 10 |
| 2020s | 0.0029 cubic meters per US$ of GDP | 0.0025 cubic meters per US$ of GDP | 0.0034 cubic meters per US$ of GDP | 2 |
Countries ranked near Norway
- 26 Russia 0.007 cubic meters per US$ of GDP compare
- 27 Suriname 0.0046 cubic meters per US$ of GDP compare
- 28 Turkmenistan 0.0036 cubic meters per US$ of GDP compare
- 30 Viet Nam 0.0019 cubic meters per US$ of GDP compare
- 31 Niger 0.0016 cubic meters per US$ of GDP compare
- 32 Trinidad and Tobago 0.0016 cubic meters per US$ of GDP compare
More energy & mining data for Norway
- Fuel imports 5.2% (2025)
- Ores and metals imports 5.5% (2025)
- Ores and metals exports 5.4% (2025)
- Gas production 1,206 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 214,403 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 1,206 terawatt-hours (2025)
- Gas production per person 214,403 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0.0002 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 0.0002 terawatt-hours per person (2025)
Frequently asked questions
- What is oil reserves, per unit of gdp in Norway?
- Oil reserves, per unit of gdp in Norway was 0.0025 cubic meters per US$ of GDP in 2021, according to Statizoid (derived).
- What is the highest oil reserves, per unit of gdp recorded in Norway?
- The highest recorded value was 0.0232 cubic meters per US$ of GDP in 1988.
- What is the lowest oil reserves, per unit of gdp recorded in Norway?
- The lowest recorded value was 0.0016 cubic meters per US$ of GDP in 2013.
- How does Norway rank for oil reserves, per unit of gdp?
- Norway ranks 29th out of 198 countries with data for 2021.
- Is oil reserves, per unit of gdp rising or falling in Norway?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is volatile.
- Where does this Norway 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.
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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.