Oil reserves, per unit of GDP in Venezuela
Venezuela: Oil reserves, per unit of GDP was 0.8532 cubic meters per US$ of GDP in 2021. ◆ Volatile
Oil reserves, per unit of GDP in Venezuela, 1980–2021
Source: Statizoid (derived). Measured in cubic meters per US$ of GDP.
Analysis
Venezuela recorded 0.8532 cubic meters per US$ of GDP for oil reserves, per unit of gdp in 2021.
The figure is down 24.1% on the previous year and up 704.2% over ten years.
Over the whole period, oil reserves, per unit of gdp in Venezuela peaked at 1.12 cubic meters per US$ of GDP in 2020 and was at its lowest, 0.0402 cubic meters per US$ of GDP, in 2010.
That places Venezuela 1st out of 198 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves, per unit of GDP in Venezuela, year by year
| Year | cubic meters per US$ of GDP | Change |
|---|---|---|
| 1980 | 0.0481 cubic meters per US$ of GDP | — |
| 1981 | 0.043 cubic meters per US$ of GDP | -10.5% |
| 1982 | 0.0476 cubic meters per US$ of GDP | +10.7% |
| 1983 | 0.0506 cubic meters per US$ of GDP | +6.2% |
| 1984 | 0.066 cubic meters per US$ of GDP | +30.4% |
| 1985 | 0.0663 cubic meters per US$ of GDP | +0.5% |
| 1986 | 0.0672 cubic meters per US$ of GDP | +1.4% |
| 1987 | 0.0828 cubic meters per US$ of GDP | +23.1% |
| 1988 | 0.1486 cubic meters per US$ of GDP | +79.6% |
| 1989 | 0.2121 cubic meters per US$ of GDP | +42.7% |
| 1990 | 0.1914 cubic meters per US$ of GDP | -9.8% |
| 1991 | 0.1756 cubic meters per US$ of GDP | -8.2% |
| 1992 | 0.1555 cubic meters per US$ of GDP | -11.4% |
| 1993 | 0.1659 cubic meters per US$ of GDP | +6.7% |
| 1994 | 0.1724 cubic meters per US$ of GDP | +3.9% |
| 1995 | 0.1325 cubic meters per US$ of GDP | -23.1% |
| 1996 | 0.1453 cubic meters per US$ of GDP | +9.7% |
| 1997 | 0.1202 cubic meters per US$ of GDP | -17.3% |
| 1998 | 0.1248 cubic meters per US$ of GDP | +3.8% |
| 1999 | 0.1178 cubic meters per US$ of GDP | -5.6% |
| 2000 | 0.0985 cubic meters per US$ of GDP | -16.4% |
| 2001 | 0.0994 cubic meters per US$ of GDP | +0.9% |
| 2002 | 0.133 cubic meters per US$ of GDP | +33.7% |
| 2003 | 0.1479 cubic meters per US$ of GDP | +11.3% |
| 2004 | 0.11 cubic meters per US$ of GDP | -25.6% |
| 2005 | 0.0844 cubic meters per US$ of GDP | -23.3% |
| 2006 | 0.0691 cubic meters per US$ of GDP | -18.1% |
| 2007 | 0.0552 cubic meters per US$ of GDP | -20.1% |
| 2008 | 0.0438 cubic meters per US$ of GDP | -20.7% |
| 2009 | 0.0479 cubic meters per US$ of GDP | +9.4% |
| 2010 | 0.0402 cubic meters per US$ of GDP | -16.1% |
| 2011 | 0.1061 cubic meters per US$ of GDP | +164.0% |
| 2012 | 0.0903 cubic meters per US$ of GDP | -14.9% |
| 2013 | 0.183 cubic meters per US$ of GDP | +102.7% |
| 2014 | 0.2203 cubic meters per US$ of GDP | +20.4% |
| 2015 | 0.3787 cubic meters per US$ of GDP | +71.9% |
| 2016 | 0.4222 cubic meters per US$ of GDP | +11.5% |
| 2017 | 0.4128 cubic meters per US$ of GDP | -2.2% |
| 2018 | 0.4712 cubic meters per US$ of GDP | +14.2% |
| 2019 | 0.6594 cubic meters per US$ of GDP | +39.9% |
| 2020 | 1.12 cubic meters per US$ of GDP | +70.4% |
| 2021 | 0.8532 cubic meters per US$ of GDP | -24.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0832 cubic meters per US$ of GDP | 0.043 cubic meters per US$ of GDP | 0.2121 cubic meters per US$ of GDP | 10 |
| 1990s | 0.1501 cubic meters per US$ of GDP | 0.1178 cubic meters per US$ of GDP | 0.1914 cubic meters per US$ of GDP | 10 |
| 2000s | 0.0889 cubic meters per US$ of GDP | 0.0438 cubic meters per US$ of GDP | 0.1479 cubic meters per US$ of GDP | 10 |
| 2010s | 0.2984 cubic meters per US$ of GDP | 0.0402 cubic meters per US$ of GDP | 0.6594 cubic meters per US$ of GDP | 10 |
| 2020s | 0.9885 cubic meters per US$ of GDP | 0.8532 cubic meters per US$ of GDP | 1.12 cubic meters per US$ of GDP | 2 |
Countries ranked near Venezuela
More energy & mining data for Venezuela
- Fuel imports 0.8% (2013)
- Ores and metals imports 1.2% (2013)
- Ores and metals exports 0.4% (2013)
- Gas production 310.44 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 10,886 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 310.44 terawatt-hours (2025)
- Gas production per person 10,886 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 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 terawatt-hours per person (2025)
Frequently asked questions
- What is oil reserves, per unit of gdp in Venezuela?
- Oil reserves, per unit of gdp in Venezuela was 0.8532 cubic meters per US$ of GDP in 2021, according to Statizoid (derived).
- What is the highest oil reserves, per unit of gdp recorded in Venezuela?
- The highest recorded value was 1.12 cubic meters per US$ of GDP in 2020.
- What is the lowest oil reserves, per unit of gdp recorded in Venezuela?
- The lowest recorded value was 0.0402 cubic meters per US$ of GDP in 2010.
- How does Venezuela rank for oil reserves, per unit of gdp?
- Venezuela ranks 1st out of 198 countries with data for 2021.
- Is oil reserves, per unit of gdp rising or falling in Venezuela?
- Over the last ten years it is up 704.2%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.