Oil reserves, per unit of GDP in Russia

Russia: Oil reserves, per unit of GDP was 0.007 cubic meters per US$ of GDP in 2021. ◆ Volatile

Latest (2021)
0.007 cubic meters per US$ of GDP
Change on year
down 18.4%
World rank
26th
of 198 countries
All-time high
0.0394 cubic meters per US$ of GDP
in 1999
All-time low
0.0043 cubic meters per US$ of GDP
in 2012
Years of data
25
1997–2021

Oil reserves, per unit of GDP in Russia, 1997–2021

00.010.020.030.041997200920211997: 0.019 cubic meters per US$ of GDP1998: 0.029 cubic meters per US$ of GDP1999: 0.039 cubic meters per US$ of GDP2000: 0.03 cubic meters per US$ of GDP2001: 0.025 cubic meters per US$ of GDP2002: 0.022 cubic meters per US$ of GDP2003: 0.022 cubic meters per US$ of GDP2004: 0.016 cubic meters per US$ of GDP2005: 0.012 cubic meters per US$ of GDP2006: 0.01 cubic meters per US$ of GDP2007: 0.007 cubic meters per US$ of GDP2008: 0.006 cubic meters per US$ of GDP2009: 0.008 cubic meters per US$ of GDP2010: 0.006 cubic meters per US$ of GDP2011: 0.005 cubic meters per US$ of GDP2012: 0.004 cubic meters per US$ of GDP2013: 0.006 cubic meters per US$ of GDP2014: 0.006 cubic meters per US$ of GDP2015: 0.009 cubic meters per US$ of GDP2016: 0.01 cubic meters per US$ of GDP2017: 0.008 cubic meters per US$ of GDP2018: 0.008 cubic meters per US$ of GDP2019: 0.008 cubic meters per US$ of GDP2020: 0.009 cubic meters per US$ of GDP2021: 0.007 cubic meters per US$ of GDP

Source: Statizoid (derived). Measured in cubic meters per US$ of GDP.

Analysis

In 2021, oil reserves, per unit of gdp in Russia stood at 0.007 cubic meters per US$ of GDP.

The figure is down 18.4% on the previous year and up 49.1% over ten years.

Over the whole period, oil reserves, per unit of gdp in Russia peaked at 0.0394 cubic meters per US$ of GDP in 1999 and was at its lowest, 0.0043 cubic meters per US$ of GDP, in 2012.

That places Russia 26th out of 198 countries with data for 2021, putting it 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 Russia, year by year

Annual values for Oil reserves, per unit of GDP in Russia, 1997 to 2021.
Year cubic meters per US$ of GDP Change
1997 0.0191 cubic meters per US$ of GDP
1998 0.0285 cubic meters per US$ of GDP +49.4%
1999 0.0394 cubic meters per US$ of GDP +38.3%
2000 0.0297 cubic meters per US$ of GDP -24.6%
2001 0.0252 cubic meters per US$ of GDP -15.3%
2002 0.0224 cubic meters per US$ of GDP -11.3%
2003 0.0222 cubic meters per US$ of GDP -0.8%
2004 0.0161 cubic meters per US$ of GDP -27.2%
2005 0.0125 cubic meters per US$ of GDP -22.6%
2006 0.0096 cubic meters per US$ of GDP -22.8%
2007 0.0073 cubic meters per US$ of GDP -23.8%
2008 0.0057 cubic meters per US$ of GDP -21.7%
2009 0.0078 cubic meters per US$ of GDP +35.8%
2010 0.0063 cubic meters per US$ of GDP -19.8%
2011 0.0047 cubic meters per US$ of GDP -25.5%
2012 0.0043 cubic meters per US$ of GDP -7.4%
2013 0.0055 cubic meters per US$ of GDP +28.4%
2014 0.0062 cubic meters per US$ of GDP +11.3%
2015 0.0093 cubic meters per US$ of GDP +51.0%
2016 0.01 cubic meters per US$ of GDP +6.8%
2017 0.0081 cubic meters per US$ of GDP -18.9%
2018 0.0077 cubic meters per US$ of GDP -5.0%
2019 0.0075 cubic meters per US$ of GDP -2.1%
2020 0.0085 cubic meters per US$ of GDP +13.4%
2021 0.007 cubic meters per US$ of GDP -18.4%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.029 cubic meters per US$ of GDP 0.0191 cubic meters per US$ of GDP 0.0394 cubic meters per US$ of GDP 3
2000s 0.0159 cubic meters per US$ of GDP 0.0057 cubic meters per US$ of GDP 0.0297 cubic meters per US$ of GDP 10
2010s 0.007 cubic meters per US$ of GDP 0.0043 cubic meters per US$ of GDP 0.01 cubic meters per US$ of GDP 10
2020s 0.0077 cubic meters per US$ of GDP 0.007 cubic meters per US$ of GDP 0.0085 cubic meters per US$ of GDP 2

Countries ranked near Russia

  1. 23 Uganda 0.0098 cubic meters per US$ of GDP compare
  2. 24 Oman 0.0098 cubic meters per US$ of GDP compare
  3. 25 Nigeria 0.0096 cubic meters per US$ of GDP compare
  4. 27 Suriname 0.0046 cubic meters per US$ of GDP compare
  5. 28 Turkmenistan 0.0036 cubic meters per US$ of GDP compare
  6. 29 Norway 0.0025 cubic meters per US$ of GDP compare

See the full ranking of 198 places →

More energy & mining data for Russia

All data for Russia →

Frequently asked questions

What is oil reserves, per unit of gdp in Russia?
Oil reserves, per unit of gdp in Russia was 0.007 cubic meters per US$ of GDP in 2021, according to Statizoid (derived).
What is the highest oil reserves, per unit of gdp recorded in Russia?
The highest recorded value was 0.0394 cubic meters per US$ of GDP in 1999.
What is the lowest oil reserves, per unit of gdp recorded in Russia?
The lowest recorded value was 0.0043 cubic meters per US$ of GDP in 2012.
How does Russia rank for oil reserves, per unit of gdp?
Russia ranks 26th out of 198 countries with data for 2021.
Is oil reserves, per unit of gdp rising or falling in Russia?
Over the last ten years it is up 49.1%. The long-run trend across the full record is volatile.
Where does this Russia 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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Oil reserves, per unit of GDP in Russia. Statizoid, drawing on Statizoid (derived). Retrieved 27 August 2026, from https://energy.statizoid.com/stat/oil-reserves-per-unit-of-gdp/russian-federation/

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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

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

Indicator
Oil reserves, per unit of GDP
Unit
cubic meters per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
198 places, 7,375 data points, 1980–2021
Last refreshed

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.